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250 258 Hillcrest Drive, Encinitas, California 92024, Encinitas, 92024 - 9 bed, 11 bath

250 258 Hillcrest Drive, Encinitas, California 92024 home-pic-0
ACTIVE$5,500,000$5,104/sqft
250 258 Hillcrest Drive, Encinitas, California 92024
9Beds
11Baths
5,104Sqft
10,099Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New & Turnkey: The complex is brand new, with construction completed in January 2026, offering a turnkey investment opportunity with modern finishes and minimal immediate maintenance concerns.
Top Cons:
Lack of Mentioned Central AC: While Encinitas enjoys a mild climate, the property description does not explicitly mention central air conditioning, which could be a drawback for some tenants or vacation rental guests, particularly during warmer periods.

Compared to the nearby listings

Price:$5.50M vs avg $1.73M (+$3,775,000)91%
Size:5,104 sqft vs avg 2,180 sqft91%
Price/sqft:$1.1K vs avg $83073%

More Insights

Built in 2026 (0 years old).
Condition: The property is explicitly described as 'brand new' with construction completed in January 2026. The images confirm this with modern, high-quality finishes throughout, including new stainless steel kitchen appliances, contemporary white cabinetry, quartz countertops, stylish tile work in bathrooms, new flooring, and modern light fixtures. All components appear new with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' criteria for a newly built property.
Year Built
2026
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,078
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2600374
Home ConditionExcellent
Features
Good View: Neighborhood
Deck
Patio
ViewNeighborhood

About this home

Turnkey and brand new, this five-unit complex is located in the heart of Leucadia and construction was completed in January 2026. The complex includes two matching 2-bedroom, 2.5-bathroom units that were completely remodeled from the original structure. These homes feature large enclosed backyards, mature vegetation, and abundant natural light from the upstairs bedrooms. There are also two matching 2-bedroom, 2-bathroom units built as ground-up new construction. Each offers a private yard, tall vaulted ceilings, and upstairs patios. The final unit is a spacious 1-bedroom, 1-bathroom residence located on the ground level with no steps, providing easy access and the same high-quality amenities found in the other floor plans. All units have their own designated laundry, utilities, and parking. Income potential in this area is exceptional, with two of the units eligible for legal vacation rentals. Do not miss out on this rare gem so close to the beach, shops, fitness studios, and community centers which is desired by everyone in this amazing beach town.

D
Daniel Gibbel
Listing Agent
Condition Rating
Excellent
The property is explicitly described as 'brand new' with construction completed in January 2026. The images confirm this with modern, high-quality finishes throughout, including new stainless steel kitchen appliances, contemporary white cabinetry, quartz countertops, stylish tile work in bathrooms, new flooring, and modern light fixtures. All components appear new with no signs of wear or deferred maintenance, aligning perfectly with the 'excellent' criteria for a newly built property.
Pros & Cons

Pros

Brand New & Turnkey: The complex is brand new, with construction completed in January 2026, offering a turnkey investment opportunity with modern finishes and minimal immediate maintenance concerns.
Exceptional Income Potential: Located in a highly desirable area, the property boasts exceptional income potential, with two units legally eligible for lucrative vacation rentals, diversifying revenue streams.
Prime Leucadia Location: Situated in the heart of Leucadia, the property offers unparalleled proximity to the beach, shops, fitness studios, and community centers, appealing to a wide range of tenants and vacationers.
Diverse Unit Mix & Quality Features: The complex features a versatile mix of two 2-bedroom/2.5-bathroom, two 2-bedroom/2-bathroom, and one 1-bedroom/1-bathroom unit, each with high-quality amenities, private yards, vaulted ceilings, and abundant natural light.
Individual Unit Autonomy: Each of the five units benefits from its own designated laundry, utilities, and parking, enhancing tenant privacy and convenience while simplifying property management.

Cons

Lack of Mentioned Central AC: While Encinitas enjoys a mild climate, the property description does not explicitly mention central air conditioning, which could be a drawback for some tenants or vacation rental guests, particularly during warmer periods.
Limited Common Area Amenities: The property emphasizes individual unit features but does not detail any shared common area amenities (e.g., pool, gym, communal lounge) that might be expected in a luxury multi-unit complex at this price point.
Potential for High Management Demands: Managing five distinct units, especially with two designated for vacation rentals, could entail significant time and effort for an owner, potentially requiring professional property management services.
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