
Oceanside, California 92054
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $1,199,900—positioned above the $1,127,119 Fair Market Value. While the property requires cosmetic updates to address its Fair Condition Rating, the 2005 ground-up rebuild provides a solid structural foundation. The expansive 11,800-square-foot lot offers significant upside for an ADU or pool addition. Located near Palmquist Elementary and Lincoln Middle School, this property is an ideal project for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic renovation.
Rare Fire Mountain estate on 11,800 sqft lot. 3BR/2.5BA, 2005 ground-up rebuild. Prime Oceanside location near top schools. Perfect for renovation and expansion.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1354 Cornish Subject | $1,199,900* List Price | 3 | 2 | 1,918 | $588 | - |
A 1912 Andrews Court Sold | $1,300,000 | 3 | 2 | 1,869 | $696 | 0.6 mi |
B 1331 Cornish Drive Sold | $1,010,000 | 3 | 2 | 1,824 | $554 | 0.1 mi |
C 2619 Fire Mountain Dr Sold | $1,125,000 | 3 | 2 | 1,597 | $704 | 0.4 mi |
D 2301 Ivy Rd Sold | $1,325,000 | 3 | 2 | 2,384 | $556 | 0.8 mi |
E 327 Islander Street Sold | $1,375,000 | 3 | 3 | 2,171 | $633 | 0.9 mi |
F 1901 Laurel Sold | $1,250,000 | 4 | 2 | 2,431 | $514 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although the property underwent a significant ground-up reconstruction in 2005 including electrical and structural systems, the renovation is now 21 years old. The kitchen and bathrooms feature dated cabinetry and appliances from that era, and interior images show worn carpeting and marks on walls. The exterior sheds and yard appear unmaintained, placing it firmly in the 'Fair' category as a functional but dated home needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11800, living area = 1918.
Unlike typical cosmetic renovations, this home was rebuilt from the slab up in 2005 with a new foundation, electrical, and plumbing, providing the structural integrity and peace of mind of a modern build.
The oversized 11,800-square-foot corner lot offers rare versatility, including gated secondary parking, a large walk-around attic for expansion, and ample space for a potential pool or ADU.
While located in the desirable Fire Mountain hillside area, the property offers a standard neighborhood view rather than the panoramic ocean vistas often associated with this premium elevation.
With only three bedrooms at a $1.2M price point, the property may face competition from larger family homes in the Oceanside market that offer higher bedroom counts for a similar investment.
A Rare Fire Mountain–Skylark Terrace Estate — Fully Reimagined from the Slab Up Set on an 11,800-square-foot corner lot — on of the largest parcels in the Fire Mountain–Skylark Terrace subdivision — this 1,918-square-foot residence at 1354 Cornish Drive in Oceanside, CA 92054 underwent a complete, ground-up remodel in 2005: new foundation, new slab (excluding the primary bedroom), all-new electrical panel and subpanel, and a new sewer line to the front yard. This isn't a cosmetic update; it's a rebuilt home in one of North County San Diego's most sought-after hillside neighborhoods. Inside, 3 bedrooms and 2.5 bathrooms unfold across a design inspired by Italian country architecture. The great room has 16 foot ceilings anchored by a 26-by-7-foot domed ceiling and a solid art wall, flowing into a large sunroom filled with natural light. Travertine flooring runs throughout the main living areas, with carpet in the bedrooms. Granite surfaces extend through the kitchen and bathrooms — including window sill and the stove backsplash — and a walk-in pantry adds everyday functionality. Built for comfort and quiet: 9-foot ceilings, R-20 roof insulation, thick 5/8-inch drywall throughout, dual-pane windows, and solid-core, sound-suppressing doors. The primary suite goes further with soundboard insulation in the bathroom and bedroom walls for true acoustic privacy. Outdoor living is generous on this 11,800-square-foot lot — two sunny patios for entertaining, a large fully fenced backyard, three storage sheds, gated secondary gravel parking, a French drain system with sump pump, and mature wisteria anchoring the property's edge. A 15-foot circumference plumbed base stands ready for a water fountain feature. A large walk-around attic with solid flooring and high ceilings offers potential for future expansion, and the generous lot size leaves real room to explore a pool or ADU. Location seals it: minutes to the 5 and 78 freeways, Palmquist Elementary and Lincoln Middle school are close by, easy access to Mira Costa college and Cal State San Marcos, and Oceanside and Carlsbad beaches — all within the established, walkable streets of Fire Mountain.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,918 | 1,758.131 |
| Lot Size | 11,800 | 6,591.383 |
| Price | $1.20M | $979.3K |
| Price per sq ft | $626 | $556 |
| Built year | 1960 | 1986 |
| HOA | $0 | $145 |
| Days on market | 13 | 44 |
Aug 27, 2026
$1,199,900
Initial Listing
Apr 10, 1995
$145,000
Public Record