
San Diego, California 92128
This High-Potential Investment Opportunity is listed at $775,000, which is positioned above the $685,057 Fair Market Value. While the property requires a full interior modernization due to its Condition Rating of 5, it offers a rare, large-scale single-level floor plan in a gated community. Located in the top-tier Poway Unified School District, including Del Norte High (10/10), the home provides significant long-term value. This asset is best suited for Value-Add Investors or Owner-Occupants capable of executing a comprehensive renovation to modernize the 1982 finishes.
Property is extensive renovation needed.
The property was built in 1982 (42+ years old) and shows original, highly dated interior finishes. The bathroom features 1980s-era wallpaper, arched mirrors, and older fixtures, indicating the home has not undergone a major renovation in over 30 years and requires a full rehab to modernize systems and aesthetics.
Elementary School: Stone Ranch Elementary School (9/10). High School: Del Norte High School (10/10).
As the largest unit in the complex, this rare single-level floor plan features vaulted ceilings and an expansive patio, offering superior accessibility and a spacious, house-like feel.
The property includes access to the Bernardo Heights Community Center and the gated Palazzo Bernardo facilities, featuring three pools, a spa, tennis courts, and a beautiful courtyard with fountains.
The monthly HOA fee of $868 is significantly high, which may impact buyer affordability and increase the overall cost of ownership compared to other area options.
Built in 1982, the unit may require capital improvements or modernization of its original systems and finishes to meet the expectations of contemporary buyers.
Highly desirable single level 3 bedroom 2.5 bathroom view home in Palazzo Bernardo gated community vaulted ceilings cozy fireplace large patio area largest unit in complex beautiful courtyard with fountains 3 pools spa tennis Bernardo Heights Community Center Association is included with endless activities and amenities A must see property
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.6 mi
Grades K-5 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 76% |
| Baths | 3.0 | 2.0 | 89% |
| Square foot | 1,670 | 1,225 | 96% |
| Lot Size | - | - | 50% |
| Price | $775.0K | $644.0K | 83% |
| Price per sq ft | $464 | $532 | 21% |
| Built year | 1982 | 1985 | 43% |
| HOA | $868.0 | $515 | 98% |
| Days on market | 19 | 135 | 5% |
May 26, 2026
$775,000
Initial Listing
May 5, 1997
$159,000
Public Record