
San Diego, California 92110
This coastal compound represents a Strong Value Opportunity, listed at $2,800,000—positioned well below the $2,962,759 Fair Market Value by 5%. This valuation gap offers $162,759 in Instant Equity. Featuring a Mint Condition Rating, the property includes a 1,000 sq. ft. ADU and Panoramic Ocean Views, providing significant income potential. With its resort-style outdoor amenities and flexible layout, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-end, income-generating coastal residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 06-2704 Deerpark Dr Subject | $2,750,000* List Price | 6 | 3 | 2,998 | $917 | - |
A 2765 Tokalon Street Sold | $2,099,000 | 4 | 3 | 2,558 | $821 | 0.3 mi |
B 1860 Illion Sold | $2,760,000 | 4 | 4 | 2,730 | $1,011 | 0.9 mi |
C 2113 2115 Frankfort St Sold | $3,300,000 | 6 | 5 | 3,737 | $883 | 0.8 mi |
D 1850 Illion St Active | $2,850,000 List Price | 4 | 4 | 3,008 | $947 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1951, the property has undergone extensive high-end renovations within the last 5 years. It features modern mini-split HVAC systems, updated windows, recessed lighting, and a contemporary ADU with on-trend finishes like slat walls. The exterior and interior are in mint, move-in-ready condition with no visible deferred maintenance.
The property is situated on a premier street in Bay Park, offering exceptional panoramic views of the ocean, bay, and nightly SeaWorld fireworks from both the main house and the ADU.
The inclusion of a 1,000 sq. ft. detached ADU with independent utilities and a proven short-term rental history provides excellent flexibility for multigenerational living or significant supplemental income.
The exterior is professionally designed for entertainment, featuring a built-in BBQ, firepit, barrel sauna, putting green, and bocce area, maximizing the San Diego coastal lifestyle.
With 6 bedrooms but only 3 bathrooms across nearly 3,000 square feet, the property has a low bathroom count that may be inconvenient for large families or high-occupancy rental guests.
Originally constructed in 1951, the home may possess aging infrastructure or utility systems that require more frequent maintenance compared to newer luxury developments in the area.
IN ESCROW - ACCEPTING BACK-UP OFFERS! If you know, you know! Perched on one of the most desirable streets at the top of Bay Park, 2704–2706 Deerpark Drive is a rare coastal compound designed for evolving lifestyle, blending panoramic ocean and bay views, privacy, walkability, income potential, and exceptional living flexibility. The property features an approximately 2,000 sq. ft. single-story primary residence plus a townhome style, ~1,000 sq. ft. 2BR/1BA ADU with its own entrance, independent heat and air, private outdoor spaces, and stunning water views from nearly every room. The main home includes a private-entry suite configuration ideal for guests, multigenerational living, or a dedicated home office setup, offering flexibility while maintaining comfortable day-to-day livability. Outdoor spaces were designed for entertaining and everyday enjoyment with a built-in BBQ, firepit, barrel sauna, putting green, bocce area, and sunset-facing patios capturing incredible views and SeaWorld fireworks. The property has demonstrated strong historical short-term rental performance, providing additional flexibility and optional income potential. Located on a quiet, flat street just blocks from Sprouts, Starbucks, restaurants, trails, parks, and neighborhood amenities. Bay Park offers central access to Mission Bay, beaches, Downtown, the airport, USD, and more. A truly unique opportunity combining lifestyle, flexibility, and long-term value in one of San Diego’s most sought-after coastal neighborhoods. Property will be live on June 4th!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.3 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,998 | 1,777.941 |
| Lot Size | 7,600 | 6,474.445 |
| Price | $2.75M | $1.27M |
| Price per sq ft | $917 | $741 |
| Built year | 1951 | 1971 |
| HOA | $0 | $184 |
| Days on market | 97 | 40 |
Aug 21, 2026
$2,750,000
$2,800,000
-2% Price Drop
Initial Listing
Jun 4, 2026
$2,800,000
Initial Listing
Sep 30, 1998
$261,500
Public Record