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250 258 Hillcrest Drive, Encinitas, California 92024, Encinitas, 92024 - bed, 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
0Bed
0Bath
5,104Sqft
10,099Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New Construction & Turnkey: Completed in January 2026, this complex offers modern amenities, minimal immediate maintenance, and is ready for immediate occupancy or rental.
Top Cons:
High Initial Investment: The $5.5 million list price represents a substantial capital outlay, which may narrow the pool of potential investors.

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: This property is brand new, with construction completed in January 2026. The description explicitly states 'Turnkey and brand new' and highlights 'completely remodeled' units and 'ground-up new construction' with 'high-quality amenities'. Images confirm modern kitchens with new stainless steel appliances, white shaker cabinets, and light countertops. Bathrooms feature contemporary vanities, stylish tiling, and new fixtures. All flooring is new wood-look, and modern mini-split systems provide cooling/heating. The entire complex presents as virtually new with current quality standards and no deferred maintenance.
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
NDP2600437
Home ConditionExcellent
Features
Good View:
Patio
View-

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
This property is brand new, with construction completed in January 2026. The description explicitly states 'Turnkey and brand new' and highlights 'completely remodeled' units and 'ground-up new construction' with 'high-quality amenities'. Images confirm modern kitchens with new stainless steel appliances, white shaker cabinets, and light countertops. Bathrooms feature contemporary vanities, stylish tiling, and new fixtures. All flooring is new wood-look, and modern mini-split systems provide cooling/heating. The entire complex presents as virtually new with current quality standards and no deferred maintenance.
Pros & Cons

Pros

Brand New Construction & Turnkey: Completed in January 2026, this complex offers modern amenities, minimal immediate maintenance, and is ready for immediate occupancy or rental.
Prime Leucadia Location: Situated in the highly desirable heart of Leucadia, the property is exceptionally close to the beach, shops, fitness studios, and community centers, ensuring high tenant demand.
Exceptional Income Potential with Vacation Rental Eligibility: The area boasts strong income potential, with two units legally eligible for vacation rentals, offering diversified revenue streams and potentially higher yields.
Diverse Unit Mix & Private Amenities: The complex features a versatile mix of 1-bedroom and 2-bedroom units, each offering desirable private amenities such as enclosed backyards, private yards, vaulted ceilings, and upstairs patios.
Individual Unit Autonomy: All five units benefit from their own designated laundry, utilities, and parking, simplifying management and enhancing tenant convenience and satisfaction.

Cons

High Initial Investment: The $5.5 million list price represents a substantial capital outlay, which may narrow the pool of potential investors.
No Mention of Shared Common Area Amenities: While units have private outdoor spaces, the description does not highlight any shared common area amenities (e.g., pool, gym, communal lounge) that could further enhance tenant appeal or justify the price point for some investors.
Future Market Volatility for Vacation Rentals: While currently eligible and desirable, the success and regulations surrounding vacation rentals can be subject to market fluctuations and policy changes, introducing a degree of risk.
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