2438 Ocean Street, Carlsbad, California 92008, Carlsbad, 92008 - 3 bed, 3 bath
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Carlsbad, California 92008
This Luxury Coastal Residence is a Strong Value Opportunity, listed at $3,995,000—positioned well below the $4,037,639 Fair Market Value by 1%. This valuation gap offers $42,639 in Instant Equity. Featuring a Good Condition Rating, the home offers a Gourmet Kitchen, R3 Zoning, and a Rooftop Deck with panoramic ocean views. Located in the Carlsbad Unified district near Sage Creek High School, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premier beachside lifestyle.
Property is move-in ready.
The property underwent a major remodel in 2005 (19 years ago), placing it within the 'Good' category. While the finishes like granite counters and cherry-wood cabinetry are becoming dated, the home is exceptionally well-maintained, functional, and move-in ready with luxury features including a gourmet kitchen and spa-style primary bath.
High School: Sage Creek High School (9/10).
The property offers an unparalleled lifestyle with direct beach access and is within walking distance to the vibrant shops, cafes, and restaurants of Carlsbad Village.
Boasting one of the largest lots on Ocean Street with R3 zoning, this property provides significant investment upside through potential expansion or redevelopment.
While the home was significantly updated in 2005, the finishes and systems are nearly 20 years old and may require modernization to meet current luxury standards.
At a list price of nearly $4 million for 2,333 square feet, the valuation is heavily concentrated in the land and location rather than the interior living area.
Sunset Alert! Rare opportunity to live steps from the sand with direct beach access and breathtaking ocean views. Seller completed a major remodel in 2005 on this luxury coastal home which offers multiple outdoor entertaining areas, a rooftop deck for unforgettable sunsets, and a spa with waterfall. Inside, enjoy a light-filled open layout with expansive windows, gourmet kitchen, granite counters, and wine cooler. The primary suite features a balcony, fireplace, and spa-style jacuzzi bath. Two guest suites, a custom cherry-wood office, private driveway, and large two-car garage complete this exceptional beachside retreat. Walk to Carlsbad Village shops, cafés, and restaurants. Explore the feasibility of one of the largest lots on Ocean St with R3 zoning.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.2 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 35% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,333 | 2,255.5 | 54% |
| Lot Size | 5,334 | 8,545 | 18% |
| Price | $4.00M | $1.99M | 91% |
| Price per sq ft | $1.7K | $898 | 96% |
| Built year | 1980 | 1984 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 135 | 2% |
May 9, 2026
$3,995,000
Initial Listing