
Del Mar, California 92014
This Architecturally Significant Legacy Estate represents a High-Potential Investment Opportunity, listed at $7,899,000—positioned well below the $8,035,217 Fair Market Value by 1.7%. This valuation gap offers $136,217 in Instant Equity. Featuring a 3-rated Condition, the home offers Panoramic Ocean Views and an Exceptional 16,700 sqft Lot. With proximity to Top-Rated Schools like Pacific Trails Middle, this property is an ideal acquisition for Luxury Real Estate Investors or Owner-Occupants seeking a rare, customizable coastal legacy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 280 Torrey Pines Terrace Subject | $7,899,000* List Price | 4 | 4 | 3,402 | $2,362 | - |
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 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 (24 years old) but features high-end renovations, particularly in the kitchen which boasts a Wolf range, modern flat-panel cabinetry, and stone countertops. The bathrooms are well-maintained with contemporary fixtures and backlit mirrors. While the listing mentions 'endless potential' for reimagining, the current condition is move-in ready and reflects a 5-15 year renovation cycle.
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 offers rare, sweeping dual-aspect views spanning from Torrey Pines State Beach and La Jolla to the Channel Islands, providing an unparalleled 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.
Listed at nearly $7.9 million with a focus on 'endless potential,' the property likely requires a substantial additional investment to modernize the 2000-built structure to current ultra-luxury standards.
The property is positioned as a 'reimagining' opportunity, which may limit the buyer pool to those willing to undertake a complex renovation or redevelopment project rather than those seeking a turn-key residence.
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 | 3.8 |
| Baths | 4.0 | 4.2 |
| Square foot | 3,402 | 3,056.447 |
| Lot Size | 16,700 | 9,543.263 |
| Price | $7.90M | $3.97M |
| Price per sq ft | $2.3K | $1.5K |
| Built year | 2000 | 1990 |
| HOA | $0 | $600 |
| Days on market | 19 | 45 |
Aug 21, 2026
$7,899,000
Initial Listing
Mar 15, 2024
$6,550,000
Public Record
Aug 3, 2005
$3,315,000
Public Record