
Encinitas, California 92024
This Oceanfront Residential Income Asset represents a Strong Value Opportunity, listed at $5,850,000—positioned well below the $5,549,159 Fair Market Value by -5%. While the main residence requires modernization, the updated ADU and unobstructed Pacific views provide immediate utility. With a Condition Rating of 4, this property serves as a blank canvas for high-end customization. Located in the San Dieguito Union district near top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy coastal estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1660 62 Neptune Avenue Subject | $5,850,000* List Price | 6 | 3 | 3,580 | $1,550 | - |
A 166 168 Coop Court Active | $4,200,000 List Price | 4 | 6 | 3,102 | $1,354 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property presents a split condition. While the ADU has been recently updated with modern LVP flooring, quartz countertops, and stainless appliances, the primary residence (the majority of the square footage) is described as a 'blank canvas,' suggesting original or dated interiors. The main house kitchen and baths appear functional but require significant cosmetic and system updates to meet modern standards, fitting the criteria for a property over 20 years old needing updates.
Middle School: Pacific Trails Middle (10/10).
Situated on Neptune Avenue, the most coveted street in Encinitas, this property offers rare, unobstructed Pacific views and immediate proximity to Grandview Beach and Leucadia's amenities.
The dual-unit setup, featuring a 4-bedroom main house and a 2-bedroom ADU, provides exceptional flexibility for rental income, multigenerational living, or conversion into a grand single-family estate.
Marketed as a 'blank canvas,' the main residence likely requires a substantial capital investment to modernize and align with the luxury standards expected at this price point.
Built in 1978, the property may require extensive updates to its core systems and exterior to address the long-term effects of the coastal environment and salt air exposure.
Rarely does an opportunity like this come along. First time on the market. Same family has enjoyed this cherished location for decades. Perched on Neptune Avenue — the most coveted street in Encinitas — this sprawling oceanfront property delivers unobstructed, sweeping views of the Pacific and a blank canvas to create the coastal dream home you've always envisioned. At 3,570 square feet with 6 bedrooms and 4 bathrooms, the home is configured as a main residence (approx. 2730 sq ft | 4 bed/2 bath) plus a 2-bed/1 bath ADU (approx. 850 sq ft). Each unit has a 2 car garage, offering incredible flexibility for multigenerational living, rental income, or the opportunity to combine it all into one grand single-family oceanfront residence. The possibilities are truly yours to define. The main residence's second floor is made for entertaining — an open kitchen and family room open directly to a generous deck where sunset becomes a nightly ritual. Imagine afternoons soaking in the Pacific sun, the sound of waves below, and uninterrupted ocean views stretching as far as the eye can see. The updated ADU with Luxury Vinyl plank flooring, newer windows and cabinets along with quartz countertops and stainless steel appliances impresses with its very own panoramic Pacific views from the kitchen and family room. Additionally it has a deck off the family room and bedroom that delivers even more breathtaking oceanfront scenery. Steps to Grandview Beach and just minutes from the eclectic restaurants and cafes lining Coast Highway in Leucadia, the location is as good as it gets in North County San Diego. Bring your vision. This is your chance to craft an extraordinary oceanfront legacy on one of Southern California's most sought-after streets.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades 7-8 • 4.1 mi
Grades 7-8 • 10.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,580 | 2,087 |
| Lot Size | 9,552 | 5,059 |
| Price | $5.85M | $2.64M |
| Price per sq ft | $1.6K | $1.2K |
| Built year | 1978 | 1977 |
| HOA | $0 | $183 |
| Days on market | 21 | 120 |
Aug 19, 2026
$5,850,000
Initial Listing