1547 Neptune, Encinitas, California 92024, Encinitas, 92024 - 3 bed, 2 bath
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Encinitas, California 92024
This property presents a High-Potential Investment Opportunity with a List Price of $3,650,000—positioned above the $3,438,364 Fair Market Value by 6%. While the price reflects the premium coastal land value, the Condition Rating of 5 indicates a need for significant modernization. The expansive 6,098-square-foot lot offers massive development upside for ocean-view expansion. Located near top-tier schools like Pacific Trails Middle, this is a strategic acquisition for Value-Add Investors or Custom Home Builders seeking a premier Neptune Avenue footprint.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1547 Neptune Subject | $3,650,000* List Price | 3 | 2 | 1,679 | $2,048 | - |
A 217 Sanford Street Active | $2,699,999 List Price | 3 | 3 | 1,689 | $1,599 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1956 and on the market for the first time in 60 years, the home retains its original knotty pine kitchen cabinets and vintage structure. While recent cosmetic paint and a new tile backsplash/appliances have been added, the core systems (visible wall heater) and dated layout are over 60 years old, requiring a full rehab to meet modern standards.
Middle School: Pacific Trails Middle (10/10).
Situated on the iconic Neptune Avenue in Leucadia, this property is just two blocks from public beach access, offering an unparalleled lifestyle in one of Encinitas' most prestigious and sought-after neighborhoods.
The spacious 6,098-square-foot lot features a largely unimproved rear portion, providing a rare opportunity for expansion or new construction to maximize spectacular ocean views and property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6098, other record lot size in square feet = 6007. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Built in 1956 and held by the same family for over 60 years, the home likely requires substantial updates to its core systems and interior finishes to meet contemporary luxury standards.
With a list price of $3.65M for a modest 1,679-square-foot residence, the investment is heavily weighted in the land value, which may be a hurdle for buyers not looking for a major renovation or rebuild project.
First time on the market in over 60 years! This classic Leucadia beach house is ideally situated on the coveted north end of Neptune Avenue, one of the area's most iconic and desirable coastal streets, just two blocks from public beach staircase access. Set on a spacious 6,098-square-foot lot, the property offers a rare opportunity to create a dream coastal estate. The rear half of the lot remains largely unimproved, providing ample space for expansion or new construction offering spectacular ocean views, while preserving the charm and character of the original 1950s beach cottage. The existing home features ocean views from both the lower and upper levels, authentic knotty pine walls, ceilings, kitchen cabinets that capture the essence of vintage California beach living. The upstairs primary suite opens to a private deck with breathtaking ocean views. Recent interior and exterior painting enhances the home's appeal, making it ready to enjoy today while offering endless possibilities for the future.
No exterior & parking available.
Grades K-6 • 1.3 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 | 3.0 | 4.0 | 33% |
| Baths | 2.0 | 3.0 | 24% |
| Square foot | 1,679 | 2,450 | 21% |
| Lot Size | 6,098 | 7,841 | 31% |
| Price | $3.65M | $2.35M | 79% |
| Price per sq ft | $2.2K | $948 | 95% |
| Built year | 1956 | 1986 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 123 | 8% |
Jun 3, 2026
$3,650,000
Initial Listing