Manheim and Cercone unified a gloomy, circa 1940s triplex into a modern, single-family residence for their personal use.
FEATURES: Two bedrooms, 2 ½ baths; 1,500 square foot deck and spa cantilevered over the Pacific; great room with wood-burning fireplace, chef-designed kitchen and saltwater aquarium visible from kitchen and master bath; ocean-front master bedroom suite with wood-burning fireplace, black marble spa-like bathroom and access to deck with sunken Jacuzzi; ocean-front guest suite with wood-burning fireplace; AV throughout property; tongue and groove ceilings throughout, poured concrete floor throughout.
Though the sale of this home established a high-price point for its location, it is the only property Jaman principals Manheim and Cercone have built that has lost money. Yes, it was the bottom of the 90's market, but the couple has profited in down markets since. PCH was their first extensive construction project and it taught them invaluable lessons about budgeting, scheduling, the importance of hiring expeditors for permitting; how to value-engineer and, most important, they learned that even if a property is for personal use, it must fulfill the same stringent requirements as a built-for-profit investment. The house sold to a TV star that was so ecstatic about the house she replicated the kitchen as the set of her talk show. So... happy ending!