1243 Saxony Road, Encinitas, California 92024, Encinitas, 92024 - 4 bed, 4 bath
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Encinitas, California 92024
This property presents a High-Potential Investment Opportunity with a List Price of $2,500,000, positioned slightly above the $2,453,792 Fair Market Value. While the main structure carries a Fair Condition Rating requiring a full remodel or rebuild, the expansive 33,105 sq ft lot and Panoramic Canyon Views offer significant upside. The inclusion of a Detached 2-Bedroom ADU providing immediate rental income creates a stable foundation for development. This is an ideal acquisition for Buy-and-Hold Investors or Custom Homebuilders targeting the high-demand Encinitas market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1243 Saxony Road Subject | $2,500,000* List Price | 4 | 4 | 2,294 | $1,070 | - |
A 1349 Ranch Rd Sold | $2,217,500 | 3 | 2 | 2,000 | $1,109 | 0.4 mi |
B 975 Urania Avenue Active | $2,399,000 List Price | 5 | 3 | 1,816 | $1,321 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 (51 years old), the property is explicitly marketed as a candidate for a 'full remodel' or 'ground-up rebuild.' While the ADU is currently livable and rented, the main structures are significantly dated with older systems, 1980s-style oak cabinetry, and fluorescent lighting, indicating a need for total rehabilitation to meet modern standards.
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 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-built main structure is positioned as a teardown or major remodel, requiring substantial additional investment beyond the $2.5M purchase price.
The high entry price for a project property may compress profit margins for flippers or investors when factoring in modern construction costs in this premium coastal market.
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 | 4.0 | 3.0 |
| Square foot | 2,294 | 2,167 |
| Lot Size | 33,105.602 | 7,840.8 |
| Price | $2.50M | $2.54M |
| Price per sq ft | $1.1K | $969 |
| Built year | 1975 | 1984 |
| HOA | $0 | $174 |
| Days on market | 3 | 41 |
Jul 19, 2026
$2,500,000
Initial Listing