2081 Sheridan, Encinitas, California 92024, Encinitas, 92024 - 2 bed, 2 bath
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2081 Sheridan
Encinitas, California 92024
ACTIVE
CONDITION: TEAR DOWN
2Beds
2Baths
1,384Sq Ft
19,529Lot Size
Property Price
LIST PRICE$2,995,000
SUMMARY
Analysis of 2081 Sheridan, Encinitas, California 92024 is currently available with a list price of $2,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Encinitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1947 with no significant renovations noted. The property is marketed primarily for its land value and approved permits to build a new 4,629 SF compound, with the existing structure being a dated adobe cottage.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19529, living area = 1384.
- Shovel-Ready Development
The property is sold with fully permitted plans for a 4,629 SF legacy compound, allowing the buyer to bypass the lengthy and complex coastal entitlement process and begin construction immediately.
- Prime Coastal Location
Situated on a rare, flat half-acre lot along the Batiquitos Lagoon, the site offers panoramic ocean views and exceptional proximity to Ponto Beach and the Leucadia lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Restricted Property Access
The interior of the existing 1947 structures is only shown upon receipt of an offer, suggesting the current improvements are likely in poor condition or serve primarily as tear-downs.
- Significant Capital Requirement
With a near $3 million entry price for the land and permits, buyers must have substantial additional liquidity to execute the construction of the nearly 5,000 SF planned compound.
About 2081 Sheridan
Begin construction immediately on this fully permitted legacy compound on a ½ acre along Batiquitos Lagoon. Reflecting the early topography of Leucadia, this flat, buildable site is rich with mature landscape, privacy, open space & views of Ponto Beach. Approved plans total 4,629 SF and feature a 3BR/2.5BA main home, 2 ADUs & 4-car garages, including a private garage for the detached ADU. Or, expand on the existing lot with 1BR/1BA adobe cottage + studio ADU w/full bath. Proximity to beaches & lifestyle? Hard to top. Existing interior of home will only be shown with offer.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 19,529 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,384 | 2,143.841 |
| Lot Size | 19,529 | 9,012.978 |
| Price | $3.00M | $2.49M |
| Price per sq ft | $2.2K | $988 |
| Built year | 1947 | 1985 |
| HOA | $0 | $189 |
| Days on market | 28 | 41 |
Pricing History
Listed for Sale
Aug 12, 2026
$2,995,000
Initial Listing
Sold
Sep 19, 2014
$1,440,000
Public Record
Sold
Jun 26, 1996
$454,000
Public Record