
Carlsbad, California 92008
This Coastal Residential Property is a High-Potential Investment Opportunity, listed at $3,690,000—positioned above the $3,343,800 Fair Market Value. While priced at a premium, the R-3 Zoning and expansive lot size on Ocean Street provide significant long-term development upside. The home features a Condition Rating of 3, highlighted by a Gourmet Kitchen and Panoramic Ocean Views. With proximity to Top-Rated Schools like Sage Creek High, this property serves as a premier lifestyle asset for Luxury Homeowners or Strategic Real Estate Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2438 Ocean Street Subject 3 bd · 3 ba · 2,333 sqft · $1,433 | $3,690,000* List Price | 3 | 3 | 2,333 | $1,433 | - |
A 857 Home Ave Active 3 bd · 4 ba · 2,373 sqft · $1,117 · 0.6 mi | $2,650,000 List Price | 3 | 4 | 2,373 | $1,117 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1980 but features a high-end renovation (estimated 10-15 years old) including a gourmet kitchen with granite countertops and a spa-style primary bath. The property is well-maintained, functional, and move-in ready with high-quality custom finishes.
High School: Sage Creek High School (9/10).
The property boasts direct beach access and is within walking distance to Carlsbad Village, offering an unparalleled lifestyle with immediate proximity to the sand, shops, and dining.
Situated on one of the largest lots on Ocean Street and zoned R-3, this property offers rare investment upside for future expansion or multi-unit development.
Built in 1980, the home may require significant capital investment to modernize its aesthetic and systems to meet the standards of today's luxury buyers.
With a list price of $3.69M for 2,333 square feet, the high price-per-square-foot places heavy reliance on the land value and development feasibility rather than the existing dwelling.
Enjoy direct beach access and sweeping ocean views from this exceptional Carlsbad coastal home, just steps from the sand. Multiple outdoor entertaining areas, a rooftop deck for unforgettable sunsets, and a waterfall spa create an inviting setting for relaxed coastal living. Inside, a light-filled open layout features expansive windows and a gourmet kitchen with granite counters and a wine cooler. The primary suite offers a balcony, fireplace, and spa-style bath with a Jacuzzi tub. Two additional bedrooms and a custom cherry-wood office provide space for guests or working from home. A private driveway and spacious two-car garage add convenience, while Carlsbad Village shops, cafés, and restaurants are within walking distance. Set on one of the largest lots on Ocean Street and zoned R-3; buyers to verify development potential and feasibility.
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 |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,333 | 2,357.728 |
| Lot Size | 5,334 | 8,811.432 |
| Price | $3.69M | $1.88M |
| Price per sq ft | $1.6K | $760 |
| Built year | 1980 | 1993 |
| HOA | $0 | $196 |
| Days on market | 11 | 41 |
Oct 14, 2026
$3,690,000
Initial Listing