
Carlsbad, California 92008
This property presents a High-Potential Investment Opportunity with a List Price of $3,100,000—positioned above the $2,846,489 Fair Market Value. While priced for its Shovel-Ready Development potential, the existing structure maintains a Mint Condition Rating following high-end renovations. Featuring Ocean Views, a Chef’s Kitchen, and proximity to Top-Rated Schools like Sage Creek High, this asset offers massive expansion potential via approved plans for a duplex and ADU. This is an ideal acquisition for Real Estate Developers or Sophisticated Investors seeking a premium coastal project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 147 49 Maple Avenue Subject 3 bd · 2 ba · 1,222 sqft · $2,329 | $3,100,000* List Price | 3 | 2 | 1,222 | $2,329 | - |
A 245 Hemlock Avenue Active 3 bd · 2 ba · 1,138 sqft · $2,636 · 0.3 mi | $3,000,000 List Price | 3 | 2 | 1,138 | $2,636 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While marketed as a development opportunity, the existing structure has undergone a high-end renovation within the last 5 years. It features a modern chef's kitchen with stainless appliances, updated bathrooms with contemporary tiling, and new mini-split HVAC systems, meeting the criteria for mint condition.
High School: Sage Creek High School (9/10).
The property includes approved CDP plans for a duplex and ADU, significantly reducing the time, risk, and expense typically associated with coastal permitting.
Situated steps from a top-ranked beach with direct boardwalk access and walking proximity to Carlsbad Village, offering an elite lifestyle and high resale demand.
The $3.1M list price is heavily weighted toward the land and plans, making it a high-barrier entry for anyone not prepared for immediate, large-scale development.
Executing the approved plans, particularly the 3,210 sqft of underground parking, requires significant additional capital and specialized engineering expertise.
Very Rare - Development Opportunity with Ocean View: Save time and a lot of money with APPROVED CDP PLANS just steps away from the #4 ranked Best Beach in all of California!! Great Location: Direct access to the Boardwalk to the beach, Friendly neighbors, a short walk to Carlsbad Village, and centrally located close to the 5 & 78 freeways for an easy/fast commute. Top-rated schools! Enjoy the Ocean View & Breeze as you listen to the waves crash from your own patio, while you're grilling/smoking meat and catching up with family/friends. The Open-Concept layout lives bigger than expectations. Large Chef’s Kitchen with a Gas stove, Kitchen Island with power, and plenty of storage and counter space. Fully fenced-in backyard, great for kids to play or to practice putting. - Approved Plans are for a Duplex & Attached ADU with Underground Parking. Unit 1: 4,984sq ft. Unit 2: 2,024sq ft. ADU: 630sq ft. Underground Parking: 3,210sq ft. That is a Total of 7,638sq ft living space with 3,210sq ft of underground parking.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,222 | 2,357.728 |
| Lot Size | 6,134 | 8,811.432 |
| Price | $3.10M | $1.88M |
| Price per sq ft | $2.5K | $760 |
| Built year | 1951 | 1993 |
| HOA | $0 | $196 |
| Days on market | 10 | 41 |
Oct 15, 2026
$3,100,000
Initial Listing
Jul 12, 2023
$1,750,000
Public Record
Dec 30, 2014
$950,000
Public Record