
Encinitas, California 92024
This property presents a High-Potential Investment Opportunity with a List Price of $2,350,000—positioned well below the $2,396,338 Fair Market Value by 2%. This valuation gap offers $46,338 in Instant Equity. Featuring a 33,105 sq ft lot and a Condition Rating of 5, the asset is primed for a ground-up rebuild or major remodel. With an income-generating ADU and panoramic canyon views, this is an ideal acquisition for Fix-and-Flip Investors or Homebuilders seeking to capitalize on the San Dieguito Union school district.
Encinitas canyon-view property for sale. 33,000+ sq ft lot with income-generating ADU. Prime redevelopment potential in top-rated San Dieguito school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1243 Saxony Road Subject 4 bd · 3 ba · 2,294 sqft · $894 | $2,050,000* List Price | 4 | 3 | 2,294 | $894 | - |
A 1349 Ranch Rd Sold 3 bd · 2 ba · 2,000 sqft · $1,109 · 0.4 mi | $2,217,500 | 3 | 2 | 2,000 | $1,109 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 (49 years old), the property is explicitly marketed as a candidate for a full remodel or ground-up rebuild. While the ADU is currently functional and rented, the main house features dated finishes, older systems, and the listing emphasizes land value and redevelopment potential.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 33105, living area = 2294.
Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
The expansive 33,105 sq ft lot provides a rare opportunity for a ground-up rebuild or major custom estate in a high-demand Encinitas neighborhood surrounded by new construction.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The 1975 main residence is positioned as a candidate for a full remodel or demolition, necessitating substantial additional capital investment beyond the purchase price.
The property has undergone four price reductions within its first 40 days on the market, indicating initial market resistance to the valuation relative to its current condition.
A rare opportunity to create your own Encinitas retreat on more than three-quarters of an acre, with beautiful canyon views, flexible living space and a detached 2-bedroom ADU. Set on an expansive 33,000+ sq. ft. lot, this unique property offers the space and versatility that can be difficult to find in Encinitas. The main residence features two bedrooms and two baths on the main level, plus additional basement-level bonus/bedroom space—providing plenty of flexibility for a home office, guest space, playroom or whatever best suits your lifestyle. The home offers an opportunity to make it your own, whether that means refreshing the existing spaces, undertaking a larger renovation over time, or ultimately creating the custom home you've always envisioned. Canyon and panoramic views provide a beautiful backdrop, while the generous property gives you room to think beyond the walls of the house. Adding even more versatility is a detached 2-bedroom, 1-bath ADU, currently rented for $3,500 per month. Keep it as an income-producing rental, use it for extended family or guests, or take advantage of the added space as your needs evolve. With no HOA and neighboring properties that have been thoughtfully renovated and newly built, 1243 Saxony Road combines an established Encinitas location with the freedom to create something distinctly your own. Enjoy the property today, personalize it at your own pace, and imagine what's possible for the future. Perfect for Flip, investor, needs some TLC.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 1.6 mi
Grades K-6 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,294 | 2,072.058 |
| Lot Size | 33,105.602 | 9,262.387 |
| Price | $2.05M | $2.37M |
| Price per sq ft | $894 | $988 |
| Built year | 1975 | 1987 |
| HOA | $0 | $188 |
| Days on market | 98 | 43 |
Oct 14, 2026
$2,050,000
$2,100,000
-2% Price Drop
Initial Listing
Oct 3, 2026
$2,100,000
$2,150,000
-2% Price Drop
Initial Listing
Sep 23, 2026
$2,150,000
$2,200,000
-2% Price Drop
Initial Listing
Sep 15, 2026
$2,200,000
$2,250,000
-2% Price Drop
Initial Listing
Sep 11, 2026
$2,250,000
$2,300,000
-2% Price Drop
Initial Listing
Sep 1, 2026
$2,300,000
$2,350,000
-2% Price Drop
Initial Listing
Aug 27, 2026
$2,350,000
$2,400,000
-2% Price Drop
Initial Listing
Aug 19, 2026
$2,400,000
$2,450,000
-2% Price Drop
Initial Listing
Aug 11, 2026
$2,450,000
$2,500,000
-2% Price Drop
Initial Listing
Jul 19, 2026
$2,500,000
Initial Listing