FINISHED! Spec, New Construction Capo Beach.

FINISHED! Spec, New Construction Capo Beach.

Karen MargraveBusiness Member
Moderator
Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes

FINALLY!! For those of you that remember me, it's been quite some time ago that I posted on Investor Deal Diaries on the projects we had going in Orange County, CA (San Clemente, and Capo Beach - Dana Point) For those that don't know me, we build spec, new construction. 

I took those off of IDD forum because the projects took longer than anticipated due to a personal tragedy (my husband passed away last June). However; my son and I were able to push through and finish the projects, under the most challenging of circumstances, as we were a very tight knit family.  

The house in San Clemente on Calle Redondel sold for $1,625,000, which was a record for the area of San Clemente. Due to all that happened with my husband the added time span ate up much of our profits.

The house in Capistrano Beach just finished up, and is now on the market. Hopefully it sells quickly. It came out beautifully! It was designed by my son, Michael. 

Also finishing up, we have a duplex in San Clemente. We had originally planned to develop as condos, but were approached by buyers wanting it as a duplex, so we went that route. It's pre sold, and once it closes I will give more information on the deal. It had some creative financing partnering with another BP member! 

Here's a few more pics of the house, I have more on our website, but there's just too many to include them all, but this gives you the idea. 

Next up? I have a 4600 sq. ft.  house in Redding, CA, Shasta County on 20 acres that I need to decide on selling or leasing out again. Plus, we are looking for another project to start in coastal Orange County. 

Here's a few more photos of Capo Beach! I'm so proud of how well it came out. 

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CA · Member since 2016 · 1k+ posts · 1k+ votes
9y

@Karen Margrave

when is your own HGTV show start? good job.....

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  • Sergey TkachevPro Member
    Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
    9y

    @Karen Margrave - yes, Sacramento is definitely back up again and has much going on, especially in the downtown and West Sacramento riverfront areas, a lot of development.

  • Ray DipasupilPro Member
    Investor · Los Angeles, CA · Member since 2016 · 149 posts · 51 votes
    9y

    A very phenomenal design @Karen Margrave. You & your son did very well. Deepest condolences, I'm sure your husband is very proud.

  • Investor · Port Moody, British Columbia · Member since 2016 · 50 posts · 33 votes
    9y

    Wow! You did an amazing job! The photos look great! I'm sorry about your loss, but you and your son have really outdone yourself on these properties. I think your husband would be very proud of you guys. Big hugs to you, your family, and your team.

  • Investor · atlanta , GA · Member since 2012 · 287 posts · 148 votes
    9y

    Nice to see you back Karen!  So sorry for your loss.  I hope you have nothing but continued success with your son.  

  • Contractor · Dana Point, CA · Member since 2016 · 10 posts · 4 votes
    9y

    Turned out beautiful! I'm so proud to have been a part of that project! 

  • New York City, NY · Member since 2016 · 53 posts · 12 votes
    9y

    Dear Karen,

    very sorry to hear about your loss! The property looks fantastic. Would you mind sharing a bit more details about the project, some idea about the numbers?

  • Investor · Saint Louis, MO · Member since 2016 · 970 posts · 1k+ votes
    9y

    Absolutely gorgeous :)

    Hopefully one day I will live in something like that

  • Brooklyn, NY · Member since 2017 · 6 posts · 10 votes
    9y

    So sorry for your loss! The both of you did a spectacular job in finishing this property. 

  • Karen MargraveBusiness Member
    Moderator
    OP
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    9y

    @Chad Smith You and James Barclay Electrical did a fantastic job on the electrical, on both this and the duplex job! You guys go above and beyond. Thanks for everything. 

  • Karen MargraveBusiness Member
    Moderator
    OP
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    9y

    @Dirk S. I will be happy to share some of the numbers once it's sold and escrow closes. For now I just wanted to show off the finished project. 

  • Justin NeroPro Member
    Investor · Oakland, CA · Member since 2014 · 23 posts · 9 votes
    9y

    Condolences for your loss.It is a testament to you and your son's will and resiliency to be able to keep pushing forward and delivering.I'm sure your husband would be proud. That home looks amazing. I own some land and looking into construction options that offer that same style. Is it Prefab/Modular by chance?

  • Investor · Orange County, CA · Member since 2015 · 2k+ posts · 3k+ votes
    9y

    Welcome back Karen! We missed you! Sorry for the struggle you've been through and your loss. The pictures speak for themselves as to the kind of quality product you and your family are producing ... it will serve as a really nice home for some lucky bastard :)

  • Karen MargraveBusiness Member
    Moderator
    OP
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    9y

    @Justin Nero  Thank you. It's not a modular home, it's stick built. However; there are some great modulars being built that are modern style, though they can be more expensive than stick built, but may save a little time. Have you checked out Stillwater Dweillings, and Blu Homes? I've only seen them online on their websites, but they look pretty nice. Keep us posted with what you do. 

  • Investor · Palm Desert, CA · Member since 2016 · 51 posts · 11 votes
    9y

    @Karen Margrave first of all I'm deeply sorry for your loss!  I really appreciate in such a short time you have recovered and go back to things that keep you busy. 

    Btw the house look like it popped up from Maison du Monde magazine. Everything seems very professional. Congratulations with your masterpiece. As @Justin Nero said, your husband would be very proud of you and your son.

    I wish the best for you and your talented son!

  • Karen MargraveBusiness Member
    Moderator
    OP
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    9y

    @Emre Görü Thank you very much. You never recover from such a loss, but learn to adapt and press on. However; it is in my husbands honor that we finished the house, as it was the last house he ever built and we wanted it to be a testament to all he taught us. I''m so happy with all the great comments. 

    Are you investing in Palm Desert? 

  • Investor · Palm Desert, CA · Member since 2016 · 51 posts · 11 votes
    9y

    @Karen Margrave I'm sorry that I wrote recovered, I tried to meant to started to turning back to normal life. I'm sure that you will be very successful!

    I will be moving to Palm Desert, CA by the end of this year or beginning of 2018. Currently I'm in Istanbul/Turkey and have a few rentals in Istanbul. Do you have any business/plans about Desert Area?

  • Rental Property Investor · La Quinta, CA · Member since 2014 · 1k+ posts · 779 votes
    9y

    Love the kitchen cabs and countertops, I use similar products in our kitchens and baths.

  • Rental Property Investor · Cleveland, TN · Member since 2015 · 176 posts · 58 votes
    9y

    Sorry to hear about the loss of your husband @Karen Margrave. The house looks fantastic. You must be a strong person to persist through this loss. Great Job and God Bless.

  • Investor · Bowie, MD · Member since 2017 · 47 posts · 8 votes
    9y

    Wow!!!!  that is beyond gorgeous!!!

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