
Encinitas, California 92024
This Coastal Compound represents a unique Lifestyle Investment Opportunity, listed at $5,999,000 against a $5,100,118 Fair Market Value. While priced at a premium, the property offers rare Dual-Residence Versatility on a large, flat lot west of the 101. Featuring an Excellent Condition Rating, the home includes a Rooftop Deck with Sea Views, a Private Sauna, and high-end finishes. With proximity to Top-Rated Pacific Trails Middle School, this property is an ideal acquisition for Multigenerational Families or Sophisticated Investors seeking a high-yield coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 154 Phoebe St. Subject 6 bd · 7 ba · 3,677 sqft · $1,364 | $5,795,000* List Price | 6 | 7 | 3,677 | $1,364 | - |
A 374 Fulvia Street Sold 4 bd · 5 ba · 3,798 sqft · $1,273 · 0.7 mi | $4,835,000 | 4 | 5 | 3,798 | $1,273 | 0.7 mi |
B 141 W Leucadia Blvd Active 4 bd · 5 ba · 2,934 sqft · $1,839 · 0.4 mi | $5,395,000 List Price | 4 | 5 | 2,934 | $1,839 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2018, this coastal compound is less than 10 years old and in mint condition. Both residences feature high-end, modern kitchens and luxury bathrooms with premium finishes, quartz/concrete countertops, and stainless steel appliances. The property shows no signs of wear, requires zero maintenance, and includes top-tier amenities like a custom rooftop outdoor kitchen and a pristine built-in sauna.
Middle School: Pacific Trails Middle (10/10).
The rare configuration of two distinct homes on one large, flat lot offers exceptional flexibility for multigenerational living or high-yield rental income in a premier coastal market.
Situated in the heart of Leucadia, the property provides an enviable lifestyle with walkability to Beacon’s Beach, local boutiques, and top-tier dining.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10454, other record lot size in square feet = 9828.
At a list price of nearly $6 million, the property sits at a premium valuation that may limit the pool of qualified buyers despite its unique dual-home offering.
While the elementary school is close, the top-rated middle and high schools are located several miles away, which may be a logistical consideration for families.
A truly unique opportunity in the heart of Leucadia, this exceptional property features two homes on one beautifully landscaped, large, flat lot west of the 101. With six total bedrooms between the two residences, multiple outdoor living spaces, private yards, and an incredibly flexible layout, this is the kind of property that is hard to replicate this close to the coast. Each home has its own personality. One features a warm, modern-coastal style with rich flooring, architectural details, an entertainer’s kitchen, and an incredible rooftop deck with an outdoor kitchen, dining area, fire pit, shade sail, and sea-view lifeguard chairs. The second has a light, farmhouse-inspired feel with French oak floors, custom built-ins, quartz counters, oversized windows, and a bright, open layout. The outdoor spaces are just as special. A private grassy backyard includes a built-in BBQ area, multiple covered patios, an outdoor shower, a new four-person sauna, and an adorable custom-built kids’ playhouse. A finished garage with an additional full bath adds even more versatility and works perfectly as a home office, gym, studio, guest space, or bonus room. Walk to Beacon’s Beach for a surf or sunset, then stroll to some of the neighborhood’s best restaurants, coffee shops, boutiques, and bars. Whether you envision a multigenerational setup, living in one home while generating income from the other, or simply want an amazing coastal compound with room for family and friends, this is a rare chance to own something truly special in one of North County’s most desirable beach communities.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 3.8 mi
Grades 7-8 • 10.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.8 |
| Baths | 7.0 | 3.0 |
| Square foot | 3,677 | 2,072.058 |
| Lot Size | 10,454 | 9,262.387 |
| Price | $5.79M | $2.37M |
| Price per sq ft | $1.6K | $988 |
| Built year | 2018 | 1987 |
| HOA | $0 | $188 |
| Days on market | 33 | 43 |
Oct 19, 2026
$5,795,000
$5,999,000
-3% Price Drop
Initial Listing
Sep 22, 2026
$5,999,000
Initial Listing
Mar 8, 2021
$3,600,000
Public Record
Nov 18, 2009
$922,000
Public Record