Lee & Associates, one of the largest national commercial real estate firms, on April 11 said it has completed the sale of 3.13 acres of vacant land in Carlsbad.
The property is located at 1833 Buena Vista Way, off of Carlsbad Village Drive and less than one mile from State 78 and Interstate 5 in Olde Carlsbad.
It has an approved tentative map for 10 lots. The seller is the Robert Miles Living Trust and the buyer, developer Shea Homes.
“This is rare development opportunity within Olde Carlsbad and is an ideal site for Shea to expand its coastal presence in North County San Diego,” said Matt Weaver, who along with Al Apuzzo and Patrick Miller of Lee & Associates – North San Diego County represented the seller and the buyer.
Shea Homes plans to build 10 large homes on the site.
At the time Shea Homes purchased the property, the site held a fully approved 10-lot Tentative Tract Map with a Final Map in process. The lots range in size from 9,500 to 15,527 square feet and some include ocean views.