
San Clemente, California 92672
This property presents a High-Potential Investment Opportunity with a List Price of $2,999,000—positioned well above the $2,701,785 Fair Market Value by -11%. While the pricing reflects a premium for the coastal location, the 10,500 sqft lot and ADU potential provide significant upside for redevelopment. With a Condition Rating of 6, the aging 1951 structure serves as a canvas for a custom luxury build. This asset is ideal for Buy-and-Hold Investors or Custom Home Builders seeking a prime T-Street location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 213 Esplanade Subject 3 bd · 3 ba · 2,052 sqft · $1,317 | $2,999,000* List Price | 3 | 3 | 2,052 | $1,317 | - |
A 249 Avenida Madrid Sold 2 bd · 2 ba · 1,549 sqft · $1,453 · 0.2 mi | $2,250,000 | 2 | 2 | 1,549 | $1,453 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1951 (75 years old) with no mention of renovations. The marketing description focuses heavily on 'Potential' and the large 10,500 sqft lot size with ocean views, which typically indicates the value is in the land rather than the aging structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10500, living area = 2052.
Situated at the iconic T-Street beach, this property offers unparalleled access to one of San Clemente’s most famous surf breaks and coastal trails.
The expansive 10,500 square foot lot provides a rare opportunity for expansion, redevelopment, or a custom luxury build in a high-demand neighborhood.
Built in 1951, the original structure likely requires extensive modernization or a complete rebuild to meet contemporary luxury standards.
With a list price near $3 million, the property is priced primarily for its land value, which may necessitate a substantial additional budget for renovations or construction.
1950's Home at T-Street on 10,500 square foot lot with an Ocean View! Plus an ADU, Potential Potential Potential!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,052 | 2,323.94 |
| Lot Size | 10,500 | 6,679.569 |
| Price | $3.00M | $2.10M |
| Price per sq ft | $1.5K | $855 |
| Built year | 1951 | 1990 |
| HOA | $0 | $272 |
| Days on market | 14 | 46 |
Oct 11, 2026
$2,999,000
Initial Listing