1355 Rainbow Ridge Lane, Encinitas, California 92024, Encinitas, 92024 - 2 bed, 1 bath
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Encinitas, California 92024
Analysis of 1355 Rainbow Ridge Lane, Encinitas, California 92024 is currently available with a list price of $4,000,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Encinitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The 1950s concrete block home is well-maintained and functional, featuring some updates like skylights and painted cabinetry. However, the overall style, kitchen, and systems are outdated compared to modern standards. While livable, the property is primarily positioned for its land value and development potential rather than the current condition of the structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 74923, living area = 1170.
Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
The 1.72-acre lot is zoned RR2, offering a rare opportunity to subdivide into two oversized parcels or create an expansive legacy family compound in a prime coastal location.
The $4 million list price is primarily for the land value, as the existing 1,170-square-foot, 2-bedroom home is modest and may not meet the needs of a luxury buyer without significant expansion.
With the original structure dating back to 1950, buyers should expect potential costs related to modernizing older utilities or site preparation for new construction.
Looking for outstanding views and acreage (1.72 Ac.), where vivid sunrises and dynamic sunsets are an everyday occurrence? This is it! First time on the market in over 50 years, opportunities like this are truly rare. Perched atop a hill with unbeatable backcountry views of Indian Head Canyon and Encinitas Ranch Golf Course, combined with excellent westerly views toward the ocean, this property offers a breathtaking setting from sunrise to sunset. This gated flag-lot parcel spans 1.72 acres in coastal Leucadia, offering exceptional privacy. You’ll be amazed by how much of the land is flat and usable, perfect for creating a legacy family compound, with the potential to subdivide into two oversized parcels. Current zoning is RR2 (Rural Residential—2 units per acre), with a minimum lot size of 21,500 sq. ft. The well-maintained original concrete block home has been tastefully updated over time and could potentially be retained as fantastic guest quarters. Located near the south end of Rainbow Ridge Lane, the property includes a clicker to a private gate providing convenient ingress and egress to the south, a luxury enjoyed only by this section of the street. This is a once-in-a-lifetime opportunity to enjoy the ultimate coastal lifestyle, with the beach just minutes away, along with great restaurants, shopping, and easy freeway access.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 1.6 mi
Grades K-6 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 6% |
| Baths | 1.0 | 3.0 | 4% |
| Square foot | 1,170 | 2,450 | 6% |
| Lot Size | 74,923.203 | 7,900 | 94% |
| Price | $4.00M | $2.35M | 85% |
| Price per sq ft | $3.4K | $948 | 98% |
| Built year | 1950 | 1986 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 123 | 28% |
Mar 24, 2026
$4,000,000
Initial Listing