
Encinitas, California 92024
This Coastal Luxury Estate represents a High-Potential Investment Opportunity, listed at a List Price of $11,000,000—positioned well below the $11,357,609 Fair Market Value by 3%. This valuation gap offers $357,609 in Instant Equity. Featuring a Condition Rating of 2, the home offers a turnkey, modern interior with panoramic ocean views, a permitted seawall, and private beach access. With two legal addresses and top-rated schools like Pacific Trails Middle, this is an ideal acquisition for Luxury Investors or Owner-Occupants seeking a premier bluff-front sanctuary.
Property is new construction or fully renovated.
While originally built in 1984, the property has undergone a high-end, contemporary renovation within the last 5 years. The interior features a modern kitchen with premium appliances, spa-inspired bathrooms, and a Crestron smart-home system. The exterior and systems are in mint condition with luxury amenities like a permitted seawall and private beach access.
Middle School: Pacific Trails Middle (10/10).
The property features a rare permitted seawall and private stairs leading directly to the beach, providing an exclusive and secure connection to the Pacific coastline that is highly coveted in Leucadia.
With two legal addresses, this property offers a unique opportunity to maintain a single expansive estate or potentially develop two separate private residences on a premier bluff-front lot.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
The current list price of $11 million reflects a significant premium over the 2020 sale price of $6.9 million, which may require strong market justification for potential buyers.
Given the 1984 construction and direct bluff-front location, the property will require rigorous and costly ongoing maintenance to combat the corrosive effects of salt air and coastal erosion.
A rare expression of Southern California coastal luxury, set directly above the Pacific on the coveted bluff front of Neptune Avenue in Leucadia. With sweeping ocean and sunset views, a permitted seawall, and private stairs leading to the beach below, this exceptional residence offers an unparalleled connection to the coastline. More than 1,300 square feet of ocean-view terraces create a spectacular setting for effortless indoor-outdoor living, complete with an oceanfront spa, firepit, built-in outdoor kitchen with wine fridge and ice maker, outdoor shower, custom lighting, and expansive areas designed for sunset entertaining. Inside, warm wood floors, abundant natural light, and refined finishes create a sophisticated yet inviting atmosphere. The private primary retreat features sweeping Pacific views, a fireplace, spa-inspired bath, and a remarkable custom walk-in closet overlooking the ocean. A Crestron intelligent-home system seamlessly controls the residence, while comprehensive security, a private sauna, and two separate attached garages provide an exceptional level of comfort and convenience. Adding to the property’s rarity, its two legal addresses offer the unique potential for two private residences. Moments from the heart of Leucadia and Coast Highway, this is an extraordinary opportunity to own one of Encinitas’ most coveted coastal settings, a true front-row seat to the Pacific.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 3.8 mi
Grades 7-8 • 10.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,556 | 2,143.841 |
| Lot Size | - | 9,012.978 |
| Price | $11.00M | $2.49M |
| Price per sq ft | $3.1K | $988 |
| Built year | 1984 | 1985 |
| HOA | $0 | $189 |
| Days on market | 8 | 41 |
Sep 1, 2026
$11,000,000
Initial Listing
Apr 1, 2020
$6,900,000
Public Record