The Sheridan Estates Carlsbad neighborhood dates back to 2003 and 2004 when the first homes were built here.  This is a very small community with 5 luxury homes that were originally built by Manning home builders.  The first homes came on the market in the early part of 2004 and were priced between $915,000 for a four bedroom, three bath home with 2,935 square feet to $1,095,000 for a five bedroom, four bath home with 3,417 square feet.  All of the homes sold for the exact listing price.  3 of the 5 properties sold within 21 days of being on the market while the remaining two homes sold in 167 and 204 days on the market respectively.  Since then there has only been one re-sale property that has come on the market in 2005 that sold for $1.2 million dollars.  The home featured five bedrooms, four baths with 3,784 square feet.  It has originally sold in March of 2004 for $1,070,000 and sold for $1,200,000 in September of 2005.  That's a $130,000 gain in holding the property for basically a year and a half.

12 years as passed by and a new listing has finally come back on the market and listed at $1,895,000.  The five bedroom, four bath home features 3,784 square feet of living space and was newly built in 2004.  It was originally sold for $1,070,000 in March os 2004 so the owners has experienced a lot of appreciation since there.  Some of the biggest selling points is the cut-de-sac location of the 1/2 acre plus lot located on the ocean side of the 5 freeway.  It also features a gourmet kitchen, main level bedroom and bath with a resort style pool and spa in the backyard.  The home just came on the market today and is still available for sale.

Sheridan Estates offers a prime location off Tamarack Ave with an easy walk down to the beach and the Aqua Hedionda Lagoon area filled with lots of water sports activities.  There is no homeowners association here due to the small number of residential homes located here.  The beach is approximately three blocks away with easy freeway access on to the 5 freeway.  Homes rarely come on the market for sale here so make sure to act quickly if you are interested.

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