Coastal Real Estate and Lifestyles

The first article I wrote about this very unique benefit of living (or visiting) the San Mateo County coast with the Peninsula Open Space Trust in our backyard was back in August 2007 when I spotlighted the Princeton-by-the-Sea neighborhood in El Granada.  Again, last month, POST completed three sales totaling 1001 acres in Half Moon Bay, Moss Beach, and San Gregorio, enabling these parcels to remain open space.  Forty-nine (49) of those acres are between the under 10-mile stretch of Half Moon Bay and Moss Beach.

December 23, 2008:  Sale of 32 acres in Half Moon Bay for $650,000.

December 24, 2008:  Sale of 952 acres on the the east side of Highway 1 north of San Gregorio for $3 million.

December 31, 2008:  Sale of 17 acres near Moss Beach at Pillar Point (adjacent to Fitzgerald Marine Reserve per POST) for $1.825 million.  According to POST, “Informal trails have crossed this private property for years; eventually trails will be improved and opened officially to the public.”

The Peninsula Open Space Trust prepared a press release this week to make the announcement.

Our local open space and available recreational activities are one reason why home price values are what they are.  Local buyers and sellers understand this.  Those relocating to the Half Moon Bay area for nearby jobs in San Francisco or Silicon Valley have to get used to the sticker shock before they can settle on a home.  Note:  This post isn’t about home prices; there are many articles, tools, and references throughout the site highlighting the current opportunities and trends.

Related articles:

One Reason people move to the Coastside, by Marian Bennett 12/28/07

Quiet neighborhood reaps the benefits of POST, by Marian Bennett 8/27/07