One of Pacifica’s most unassuming ocean neighbors just sold for a decidedly not-so-modest price. Saunders Property Company has snapped up Viewpointe at Seaside, a 93-unit manufactured-housing community on the city’s coast, for $39.5 million. The ocean-adjacent property at 1300 Palmetto Avenue features a mix of one- and two-bedroom homes on leased pads. The deal shifts the park from former owner The Carlyle Group to an institutional investor that has been quietly racking up mobile-home acquisitions across California, a type of transaction that local watchers say can have outsized impacts on lot rents and long-term affordability in the Bay Area.
According to CoStar, Saunders paid $39.5 million for Viewpointe at Seaside, roughly $439,000 per unit by CoStar’s calculation, acquiring the community from The Carlyle Group. The CoStar report notes deal contacts that include Eastdil Secured and broker Derek Harris, and records the sale date as April 21, 2026.
What’s in the deal
Public listings for 1300 Palmetto Ave describe compact coastal homes with shared on-site amenities. On Realtor.com, the community is marketed as Viewpointe at Seaside, and an MLS entry for a unit in the park lists Number of Pads: 93, confirming the size of the property. That same MLS record cites a land-lease amount of around $2,800 for the featured unit, a reminder that lot rents sit at the center of total housing costs for homeowners who buy their structures but rent the ground beneath them.
Buyer background
Saunders Property Company has been on a buying streak in the manufactured-housing space across California. Industry notices show it purchased Mission Village in Riverside from Carlyle for roughly $37.5 million last year, extending a pattern of picking up stabilized communities in both coastal and inland markets. HARRI5, which tracks manufactured-housing community transactions, lists Saunders among recent active buyers and notes the firm’s presence across a range of California locations. Brokers say this kind of consolidation is increasingly common as investors look for parks that can deliver predictable income streams.
Why investors are buying
National coverage has highlighted how private-equity and institutional players view manufactured-home communities as relatively stable, recession-resistant assets that tend to perform well in expensive housing markets. The New Yorker has traced how large firms, including Carlyle, expanded into trailer parks and unpacked the financial dynamics that make these communities especially attractive to investors. That appetite for steady returns helps explain why a relatively small, ocean-view park in Pacifica drew interest from another institutional buyer.
What residents may face…