Next Neighbourhoods: Imperial Beach, San Diego, US
Kristina Quesada, from Douglas Elliman San Diego, Knight Frank's US Partner, reveals why Imperial Beach, a four-mile beach city in San Diego County, offers buyers their very own surfer's paradise
Why is it up and coming?
The United States Navy, which accounts for 22% of jobs in San Diego, is building a multi-billion dollar training facility here, due for completion in 2022. In addition, approval has just been granted for a new 73,000 sq ft hotel and apartment complex, called Blue Wave, on a long-vacant lot. Recent changes to local zoning laws will also allow more residential projects in the city’s commercial corridor.
My favourite bits
Sea Coast Drive has evolved into a row of hip craft beer and ocean-front dining destinations. Our personal favourite spot along this stretch is City Tacos, which recently moved into the Mike Hess Brewing Biergarden.
Who’s buying?
Developers, investors, young families and Navy personnel.
What will my money buy me?
An older beach cottage with three bedrooms will cost about US$550,000 to US$600,000. For a brand new beachfront property with views, budget US$900,000 to US$1 million.
