Design-Forward Real Estate Developer dasMOD Announces Fast, Record-Setting Sale of Newest Residential Property
ENCINITAS, Calif., Sept. 13, 2017 : The most recent project from real estate development firm dasMOD (http://www.dasmod.com/) found an enthusiastic buyer in just three days, thanks to the firm's understated, modern approach to renovation and interior design. And, this sale represents the third time in a row that a dasMOD property has set price records for its neighborhood."We believe it is possible to create value where previously there was none," says dasMOD Co-Founder Erik Gilmer who, together with fellow Co-Founder Sven Simon, has built a firm that has quickly established a strong foothold in Southern California. "Therefore, we always challenge the highest and best use of all properties from the get-go."
dasMOD's founders discovered their latest residential project at 2222 Via Tiempo in Encinitas's Cardiff-by-the-Sea neighborhood. The unassuming one-story ranch home now features an open floor plan, expansive windows to let in generous natural light, disappearing walls, and understated but evocative design elements. Just the right amount of color provides an accent to the neutral design palette. The overall design philosophy blurs the line between indoor and outdoor, and makes the space warm and welcoming.
In celebration of the completed project, dasMOD staged a pre-market preview party at the residence. Attending the festivities was a host of influencers and innovators in real estate, architecture and interior design. The preview party was an unqualified success — as demonstrated by the sale of the home within just three days for $930 per square foot, which far exceeded comparable properties in the area.
Part of dasMOD's great success lies in its knack for identifying and closing the best possible deals, owing to the firm's extensive network of realtors, investors, wholesalers, builders and other professionals. Once a property becomes part of the portfolio, the firm collaborates with leading architects and designers to re-imagine the space. The result is value creation that other firms simply can't match. Each property entails an individual investment plan; dasMOD sometimes holds properties for their passive income value or tax benefits. In the case of 2222 Via Tiempo, the strategy called for bringing the property to market.
"Dream it, build it, repeat," is how Simon summarizes his firm's fundamental vision. "Our goal is to add value through design. We create extraordinary spaces that people want to call home."
dasMOD has every intention of capitalizing on today's success and continuing to set price records, while injecting a uniquely modern design aesthetic into each of its projects. Right now, the firm has several residential real estate projects in various stages of development in San Diego County, concentrated in the desirable north coastal area. These properties are expected to reach the market — and sell quickly — between now and spring 2018.