
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 | $2,300,000* List Price | 4 | 3 | 2,294 | $1,034 | - |
A 1349 Ranch Rd Sold | $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.
Opportunity awaits on nearly 3/4 of an acre in one of Encinitas' most sought-after pockets. This canyon-view property offers a rare combination: room to dream, income potential from day one, and a location surrounded by beautiful new construction that signals a neighborhood on the rise. The main house is a 2-bedroom, 2-bath home with a bonus basement-level bedroom, offering flexible living space today. But the real value here is in what comes next — this home is ideally suited for a full remodel or, better yet, a ground-up rebuild. Envision a stunning custom home taking in canyon views from the main level, with a second story potentially capturing coveted ocean views. Buyers and builders will appreciate the generous 33,000+ sq ft lot, giving real room to design without compromise. What sets this property apart is the detached 2-bedroom, 1-bath ADU currently rented at $3,500/mo. Whether you live in it while you build your dream home on the main lot, or rent it out to help offset your mortgage, the ADU adds flexibility and value that's hard to find elsewhere. Surrounded by newly built and recently remodeled homes, this is a community actively investing in itself — buy now and be part of that momentum. Perfect for a flip, investor, or homebuilder.
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 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,294 | 2,143.841 |
| Lot Size | 33,105.602 | 9,012.978 |
| Price | $2.30M | $2.49M |
| Price per sq ft | $1.0K | $988 |
| Built year | 1975 | 1985 |
| HOA | $0 | $189 |
| Days on market | 52 | 41 |
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