Watch this interview on how to take an old house and turn it into a beautiful multi-unit luxury real estate project.
In this 24 minute interview, I talk to my friend (and bad ass developer) Matt Taylor on how he took an old beach house and turned it into 2 brand new beautiful luxury homes.
If you’ve every wondered how to do a real estate development deal or how to build a custom home from the ground up, this is for you…
We’ll go through the entire real estate development process, click below to watch:
Here’s how the video breaks down:
:29 Let’s take a tour of the development
1:51 How Did He Find This Property?
3:18 How Did It Look When He Bought The Home? (The “Before”)
3:59 Shout Out to Coors Light
4:29 What Was Step 1 After He Bought The Property
6:11 How Did He Choose What Type Of Property To Build
8:22 How to Design A Custom Home From The Ground Up
9:21 What was the Approval Process like with the City?
11:40 What Made Him Want To Build A Luxury Property
13:55 Once You Have Everything Approved With The City, What’s The Next Step?
14:59 What Was The Time Line For Inspections and Approval Of The Development Project?
15:43 After you Lay the Foundation, What’s Next?
16:18 How To Project The Costs Of Building
17:15 How To Choose Finishes
18:39 Shout Out to Evan Campbell who’s working with us on this project.
19:10 What Was The Hardest Part Of The Project
21:17 What Was Your Biggest Take-away?
Get the full transcript here: How To Do A Real Estate Development Deal
More info on the project
This is what it looked like when he bought it:
As you can see, it wasn’t much to look at at the time.
But it had potential because of it’s amazing location, look at this view above the roof (as you can see it’s VERY close to the beach in Carlsbad):
This video also show’s how close the property is to downtown Carlsbad, shopping, restaurants, and the local beaches:
The project is a coastal two unit compound masterpiece and they both units are spectacular.
2 stories: one home on top, one home on bottom. Upper and lower living.
The lot is zoned for 3 units but the developer insisted to build 2 over the top homes instead.
The home on the top floor is 3,230sf with 675sf of entertaining deck space with gorgeous views off the front and back. 4 beds /3.5 baths. Beautiful entry and with stone work as you enter. The property features a 9’ island in the kitchen, top of the line appliances, a dining area large enough to comfortably fit 14 people, and beautiful stone work as you enter. The master is extremely large with its own coffee bar area, walk-in closet alone is 8 x 18, and a wrap around deck off the bedroom with great ocean views.
The home on the 1st level is 2,727sf, 3 bed + office/3 bath. A lot of the same details as above. This doesn’t have any deck space but it does have an outside area with a yard, outdoor fire place, spacious patio and an outside shower as well (great for getting back from the beach).
Both are smart homes and completely wired for anything someone would want to do.
There are 8 total parking spots and both homes have over sized two car garages.
Take a look at the rendering and plans:
Both homes are reverse floor plans of each other. Each homeowner (or tenant) will never have a reason to cross paths (if they don’t want to) and the structure is extremely private.
One of the highlights of the project (that most people will never notice) is the flooring between the homes is insane. The developer went the extra mile to make sure the flooring was sound proof with multiple layers. The home below will never hear the home above. I’ve been told by the developer you can drive a tractor up there and the person below won’t hear it.
Location- 200ft from the beach with its own beach access. Beautiful beach as well. Since this a prime street with the access, Cherry Ave is a go to beach.
Follow this link for current homes for sale in Carlsbad.
I hope this help’s you with how to do a real estate development deal and building a home from the ground up.
If you have any questions about real estate development projects, feel free to contact me.