1042 Hymettus Avenue, Encinitas, California 92024, Encinitas, 92024 - 3 bed, 3 bath
Loading property details...
Encinitas, California 92024
This Rare Coastal Development Estate is listed at $4,400,000, representing a strategic acquisition of a 0.69-acre lot with Panoramic Ocean Views. While priced slightly above its $4,250,844 Fair Market Value, the property’s 100-foot frontage and potential for a lot split or multi-generational ADU compound provide immense value-add capacity. Currently holding a Dated Condition Rating, the 1981 home requires a full "reimagining" to maximize its coastal footprint. Located near 10/10 rated Pacific Trails Middle, this is a premier opportunity for Luxury Developers or Owner-Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 Hymettus Avenue Subject | $4,400,000* List Price | 3 | 3 | 3,336 | $1,274 | - |
A 1068 Passiflora Ave Sold | $3,500,000 | 4 | 3 | 2,450 | $1,429 | 0.8 mi |
B 661 Union Active | $3,200,000 List Price | 4 | 4 | 3,425 | $934 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1981, the property is over 40 years old and remains in largely original condition. The kitchen features dated tile countertops and oak cabinetry, while the interior is dominated by 1980s-era wood paneling and green carpeting. While functional, the home's age and 'old-fashioned' finishes suggest it needs a full rehab or 'reimagining' to meet modern standards, aligning with the >30-year age bracket for this category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30056, living area = 3336.
Middle School: Pacific Trails Middle (10/10).
The rare 0.69-acre lot with 100 feet of frontage provides a unique opportunity for a custom estate, ADU, multi-generational compound, or a potential lot split in a high-demand coastal area.
Built in 1981, the home likely requires significant modernization or a complete renovation to meet the aesthetic and functional standards of today's luxury buyers.
With a $4.4 million entry price, the property requires substantial capital upfront, which may be further increased by the costs associated with updating or redeveloping the oversized lot.
Located on the coveted west side of Hymettus in Leucadia, this rare west-facing 0.69-acre ocean view property captures views from nearly every room. The home offers 3 bedrooms, 3 full baths, plus office and bonus space, approx. 3,336 sq ft, and two spacious view decks with sit-down ocean views from both levels—ready to enjoy, update, or reimagine. Oversized ocean view parcels like this are rarely available in Leucadia. With approx. 100’ frontage, the property offers potential for a custom estate, ADU, multi-generational compound, or lot split while retaining the existing home. Minutes to beaches, dining, and top-rated schools. Properties like this are held for generations—rare opportunity in coastal Leucadia.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 3.3 mi
Grades 7-8 • 9.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 33% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,336 | 2,467.5 | 73% |
| Lot Size | 30,056.4 | 7,870.5 | 89% |
| Price | $4.40M | $2.35M | 89% |
| Price per sq ft | $1.3K | $948 | 83% |
| Built year | 1981 | 1986 | 34% |
| HOA | $0 | $73 | 49% |
| Days on market | 39 | 120 | 9% |
Apr 28, 2026
$4,400,000
Initial Listing