231 5th Street, Encinitas, California 92024, Encinitas, 92024 - 3 bed, 2 bath
231 5th Street
Encinitas, California 92024
Property Price
SUMMARY
Analysis of 231 5th Street, Encinitas, California 92024 reveals a Fairly Priced Property with a current list price of $6,250,000 aligned with the estimated $6,250,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 5th Street Subject | $6,250,000* List Price | 3 | 2 | 1,980 | $3,157 | - |
A 330 Neptune Ave Active | $5,995,000 List Price | 3 | 3 | 2,217 | $2,704 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation, making it completely turnkey. It features modern kitchens with premium stone countertops and sleek stainless steel appliances, fully renovated bathrooms, hardwood flooring, recessed lighting, and dual-pane windows. Despite the 1963 build date, the extensive recent updates and luxury finishes meet the criteria for excellent condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Pacific Trails Middle (10/10).
- Prime Coastal Location & Views
Situated just steps from the iconic Moonlight Beach, this property offers rare and unobstructed panoramic whitewater and ocean views from nearly every vantage point.
- Versatile Living Configurations
The home’s unique layout allows it to function as a large single-family residence or two independent units, providing exceptional flexibility for multi-generational living or rental income.
CONSRISKS & DEFICIENCIES
- Ongoing Construction
The detached garage and studio space are currently still under renovation, which may be a deterrent for buyers seeking a 100% completed project at this price point.
- High Price Per Square Foot
With a list price exceeding $3,100 per square foot, the property represents a significant premium that may limit the pool of qualified buyers despite its luxury upgrades.
About 231 5th Street
Huge Price Reduction! Discover the ultimate coastal treasure at 231 5th Street, Encinitas, CA—truly a real-life unicorn in the world of real estate! This 3-bedroom, 2-bathroom sanctuary spans nearly 2,000 square feet, seamlessly blending modern luxury with stunning beach and whitewater views that greet you from every angle. Just steps away from the sands of Moonlight Beach, one of San Diego's most cherished spots, this home has been fully remodeled and is completely turnkey. This incredible home has the ability to be a single family home with a detached garage/studio and yard or two separate units, one upper and one lower, to provide the potential for multi-generational living or a nanny suite under the same roof. Each unit contains fully equipped updated kitchens with premium stone counters and sleek stainless appliances, fully renovated bathrooms, and private living space. Perfect for when you want family living while maintaining privacy. Or if you choose, long-term rental possibilities are an option. The detached garage is still under renovation, complete with a full bathroom, washer/dryer and studio kitchen. A roof top deck will capture all of the action at Moonlight beach and fantastic sunsets. This space could be a garage, studio, office, workout room, storage, etc. Step outside into your private oasis, where a brand new hot tub and beautiful outdoor spaces await. Enjoy the expansive deck and balcony, each offering breathtaking vistas. Copper rain gutters add a sophisticated touch to the exterior, while the interior shines with dual pane windows, hardwood floors, and recessed lighting. Additionally, parking is convenient with a detached garage, guest parking, and accessible street parking. This exceptional property is ready to be all yours, offering a lifestyle that’s both luxurious and relaxed. Don’t miss out on this rare opportunity—fully furnished and waiting for you to make it your own slice of paradise!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 4,946 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Encinitas Unified Schools
Paul Ecke-Central Elementary School
Grades K-6 • 0.6 mi
Ocean Knoll Elementary School
Grades K-6 • 1.6 mi
Ada W. Harris Elementary School
Grades 3-6 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,980 | 2,281.5 | 39% |
| Lot Size | 4,946 | 6,823.5 | 35% |
| Price | $6.25M | $2.12M | 99% |
| Price per sq ft | $3.2K | $965 | 98% |
| Built year | 1963 | 1985 | 14% |
| HOA | $0 | $11 | 50% |
| Days on market | 267 | 156 | 94% |
Pricing History
Listed for Sale
Dec 22, 2025
$6,250,000
$6,499,000
-4% Price Drop
Initial Listing
Price Change
Jun 13, 2025
$6,499,000
Initial Listing