
Del Mar, California 92014
This High-Potential Investment Opportunity is listed at $7,499,000, positioned well below the $7,742,172 Fair Market Value by 3%. This valuation gap offers $243,172 in Instant Equity. Featuring a Condition Rating of 3, the property offers a rare 16,700 sqft lot with Panoramic Ocean Views and significant architectural pedigree. Located in the San Dieguito Union district with access to Top-Rated Schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy estate with substantial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 Torrey Pines Terrace Subject | $7,499,000* List Price | 4 | 4 | 3,402 | $2,276 | - |
A 327 Pine Needles Dr Sold | $6,800,000 | 3 | 4 | 3,475 | $1,957 | 0.1 mi |
B 354 Ocean View Ave Sold | $9,100,000 | 4 | 5 | 3,709 | $2,453 | 0.1 mi |
C 262 Ocean View Sold | $6,925,000 | 4 | 4 | 2,817 | $2,458 | 0.2 mi |
D 404 Pine Needles Sold | $6,250,000 | 4 | 5 | 3,880 | $1,611 | 0.1 mi |
E 750 Stratford Ct Sold | $6,250,000 | 3 | 4 | 2,577 | $2,425 | 0.7 mi |
F 226 Stratford Park Cir Active | $5,995,000 List Price | 4 | 4 | 3,247 | $1,846 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property was built in 2000 and shows evidence of high-quality maintenance and selective updates. The kitchen features modern stainless steel appliances, updated cabinetry, and contemporary tile work consistent with a renovation within the last 5-15 years. While the architectural style and some stone finishes reflect its 24-year age, the home is in move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16700, living area = 3402.
Elementary School: Del Mar Hills Elementary School (9/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
The property features rare dual-aspect ocean views spanning from Torrey Pines State Beach and La Jolla to the Channel Islands, offering an exceptional coastal backdrop from both the front and rear of the home.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The listing suggests the property is an opportunity to be 'reimagined,' indicating that the current 3,402 square foot structure may require significant capital investment to meet modern luxury standards.
At a list price of $7.499 million, the property is priced for its land value and pedigree, which may be a deterrent for buyers seeking a turnkey, move-in-ready residence at this price point.
Among the most exceptional offerings in Old Del Mar, this remarkable property presents a rare combination of panoramic ocean views, architectural significance, privacy, and endless potential, all set on an exceptionally large parcel in one of Southern California's most coveted coastal neighborhoods. Originally commissioned in the 1950s by U.S. Steel as a prototype home with the assistance of architect John Lloyd Wright, the residence reflects subtle Mid-Century influences, abundant natural light, and a seamless connection to its extraordinary setting. Sweeping ocean views unfold from both the front and rear of the home, spanning from Torrey Pines State Beach and La Jolla to the south, north to the Channel Islands, creating an ever-changing coastal backdrop from sunrise to sunset. Walls of glass, generous living spaces, and an effortless indoor-outdoor flow embrace Southern California's year-round lifestyle, while the expansive grounds provide a remarkable sense of privacy just moments from the village, world-class beaches, restaurants, and scenic coastal trails. Whether enjoyed in its current form or thoughtfully reimagined, the property presents an extraordinary opportunity to create a legacy estate. Defined by its oversized parcel, architectural pedigree, breathtaking ocean views, and coveted Old Del Mar location, this is a once-in-a-generation offering that is as timeless as it is rare.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.0 mi
Grades 7-8 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 4.0 |
| Square foot | 3,402 | 2,932.5 |
| Lot Size | 16,700 | 8,150 |
| Price | $7.50M | $3.84M |
| Price per sq ft | $2.2K | $1.5K |
| Built year | 2000 | 1998 |
| HOA | $0 | $554 |
| Days on market | 9 | 65 |
Jul 13, 2026
$7,499,000
Initial Listing
Mar 15, 2024
$6,550,000
Public Record
Aug 3, 2005
$3,315,000
Public Record