
Encinitas, California 92024
This property represents a High-Potential Investment Opportunity, listed at $2,999,000—positioned above the $2,779,511 Fair Market Value. While priced for its land, the 0.44-acre lot offers significant upside for a luxury custom build or ADU development. With a Condition Rating of 4, the existing structure serves as a functional, income-generating asset while plans are finalized. Located near top-rated schools like Pacific Trails Middle, this is a prime acquisition for Buy-and-Hold Investors or Custom Home Builders seeking a rare coastal land position.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 215 N Vulcan Avenue Subject | $2,999,000* List Price | 3 | 3 | 1,975 | $1,407 | - |
A 828 Hygeia Avenue Sold | $3,000,000 | 5 | 3 | 2,640 | $1,136 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1947, this property is significantly dated, featuring mid-century elements like glass block windows and older brickwork. While currently functional as a 'successful Airbnb,' the listing explicitly markets the property for its land value and potential for a 'luxury renovation' or 'full custom build,' indicating that the kitchen, baths, and systems are likely near the end of their functional lifespan and require updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19166, living area = 1975.
Middle School: Pacific Trails Middle (10/10).
The expansive 0.44-acre lot is a rare find in coastal Encinitas, offering significant premium value and unparalleled flexibility for a luxury custom build, ADU, or multi-generational compound.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19166, other record lot size in square feet = 19000.
Built in 1947, the existing residence likely requires extensive modernization or a complete teardown to align with the high-end luxury standards expected at this price point.
Given the $2,999,000 entry price is primarily for land value, buyers will need substantial additional liquidity for the necessary renovations or new construction to realize the property's full potential.
Now offering an exceptional opportunity at $2,999,000. Rarely does a property of this scale and potential become available in the heart of coastal Encinitas. Set on an expansive 0.44-acre lot, this charming 1949 residence offers approximately 1,975 square feet of living space with 3 bedrooms, 1.5 bathrooms, and an oversized 3-car garage. The location places you within minutes of world-class beaches, acclaimed restaurants, vibrant coffee culture, and the energy that makes Encinitas and Leucadia two of the most beloved communities in all of Southern California. The true opportunity here is the land. In a coastal market where lot size commands a significant premium, nearly half an acre is genuinely extraordinary. Whether your vision is a luxury renovation, a full custom build, an ADU, multigenerational living, or a long-term coastal land investment, this property offers the kind of flexibility and upside that buyers spend years searching for at this price point. Currently operating as a successful Airbnb , the home offers immediate income potential for investors, vacation buyers, and primary residence buyers who want the ability to generate meaningful revenue while holding one of the most coveted land positions in all of North County San Diego. The potential is limitless!!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 1.6 mi
Grades 3-6 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,975 | 2,167 |
| Lot Size | 19,166.4 | 7,840.8 |
| Price | $3.00M | $2.54M |
| Price per sq ft | $1.5K | $969 |
| Built year | 1947 | 1984 |
| HOA | $0 | $174 |
| Days on market | 20 | 41 |
Jul 4, 2026
$2,999,000
Initial Listing
Jul 2, 2026
$3,000,000
Initial Listing
Mar 27, 2017
$1,100,000
Public Record