
Encinitas, California 92024
This Stunning Coastal Residence is a High-Potential Investment Opportunity, listed at $4,600,000—positioned well below the $5,129,372 Fair Market Value by 10%. This valuation gap offers $529,372 in Instant Equity for the discerning buyer. Featuring a Fair Condition Rating with original finishes, the home offers significant upside for cosmetic modernization. With Panoramic Ocean Views, Owned Solar, and proximity to Top-Rated Schools like Pacific Trails Middle, this property is an ideal acquisition for Luxury Homeowners or Strategic Investors seeking a premier Leucadia asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1477 Neptune Avenue Subject | $4,600,000* List Price | 4 | 3 | 2,382 | $2,153 | - |
A 1547 Neptune Active | $3,650,000 List Price | 3 | 2 | 1,679 | $2,174 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2001, the property is 23 years old, placing it in the 'Fair' category based on age. While the home is exceptionally well-maintained and features modern system upgrades like owned solar and a Tesla charger, the kitchen and bathroom finishes (granite and cabinetry) are original to the build and considered dated for the current luxury market.
Middle School: Pacific Trails Middle (10/10).
Situated on Neptune Avenue, one of Leucadia's most prestigious streets, the property offers unparalleled access to world-class surf, beaches, and the vibrant local lifestyle of Encinitas.
The home features stunning, sit-down white water ocean views and unique wave-inspired architecture, with expansive glass walls and decks designed to maximize the Pacific backdrop from the main living areas.
At a list price of $4.6 million for 2,382 square feet, the property commands a significant premium that may challenge buyers looking for more interior living space at this price point.
Built in 2001, certain interior finishes such as the granite countertops and jetted tub may feel dated to contemporary buyers seeking a fully modernized ultra-luxury aesthetic.
Experience the ultimate coastal lifestyle on Leucadia's most iconic street. Stunning, white water ocean view home, with unique architecture inspired by the natural curve of the waves-blending refined elegance with a laid-back coastal feel. Enter through the grand entrance to the upper level and you’re immediately drawn forward—as if the home itself is guiding you to the view. An expansive deck spanning the width of the home, allows sunlight to pour through walls of glass-the ocean becomes the focal point. At the heart of the home, the great room offers open concept design seamlessly connecting living, dining, and kitchen spaces suited for cooking, entertaining, or quiet evenings by the fireplace. The gourmet kitchen features custom cabinetry, attached oversized granite island with prep sink, professional-grade appliances and pantry-creating a space both beautiful and functional. The primary suite is a serene retreat, complete with walk-in closet, and private balcony where mornings begin with the sound and sight of the ocean. The en suite bath is equally indulgent, with dual vanities, a jetted bathtub, spacious shower and a sunlit dome fills the space with natural light. On the ground level, three beautifully appointed bedrooms, with ocean views, open through sliding glass doors to a terraced stone patio. A full bathroom and laundry room with sink, add everyday convenience. After a morning surf or beach walk, rinse off in the outdoor shower-perfect for salty hair and sandy toes. Owned Solar and a Tesla charger complete the home, blending sustainability with modern luxury. On Neptune, spectacular sunsets become a celebration, and life unfolds with effortless access to epic surf, beaches, boutiques, award winning dining, craft breweries, fitness studios and coffee houses-capturing the essence of the Leucadia lifestyle.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades 7-8 • 4.0 mi
Grades 7-8 • 10.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,382 | 2,450 | 48% |
| Lot Size | 8,238 | 7,900 | 52% |
| Price | $4.60M | $2.35M | 92% |
| Price per sq ft | $1.9K | $948 | 94% |
| Built year | 2001 | 1986 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 121 | 10% |
May 4, 2026
$4,600,000
Initial Listing