3780 82 Highland Dr., Carlsbad, California 92008, Carlsbad, 92008 - 6 bed, 7 bath
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3780 82 Highland Dr.
Carlsbad, California 92008
ACTIVE
CONDITION: POOR
6Beds
7Baths
4,051Sq Ft
9,860Lot Size
Property Price
LIST PRICE$2,500,000
EST. MARKET VALUE
$2,439,124
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $2,450,000—positioned well below the $3,150,000 Fair Market Value by 22%. This valuation gap offers $700,000 in Instant Equity for buyers capable of completing the build. Featuring a 5 Condition Rating, the structure includes a 958 sq ft ADU and 1,744 sq ft workshop. This is a strategic asset for Buy-and-Hold Investors or Owner-Occupants seeking to leverage 4% seller financing to customize a coastal residence.
Estimated Market Value
$2,439,124
Based on Realkey algorithm analyzing recent comparable sales in Carlsbad.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3780 82 Highland Dr. Subject | $2,500,000* List Price | 6 | 7 | 4,051 | $602 | - |
A 1546 Oak Ave Sold | $2,168,000 | 5 | 5 | 4,867 | $445 | 0.2 mi |
B 2246 Janis Way Sold | $1,905,500 | 4 | 3 | 2,725 | $699 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
While the structure is a 2024 build, it is currently an unfinished shell. It lacks a functional kitchen, bathrooms, and completed HVAC/electrical systems, requiring an estimated $800,000 in additional construction to reach a livable state.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Equity Potential
Offered as an unfinished project with core structures complete, this property provides a unique opportunity to capture an estimated $700,000 in instant equity while allowing the buyer to select all custom finishes.
- Attractive Seller Financing
The listing features a rare 4% interest-only seller-carry option, which significantly undercuts current market rates and saves approximately $60,000 annually in carrying costs during the construction phase.
- Versatile Multi-Generational Layout
The floor plan includes a substantial 958 sq ft private ADU and a massive 1,744 sq ft garage/workshop, offering exceptional potential for rental income, guest housing, or specialized hobby space.
CONSRISKS & DEFICIENCIES
- Substantial Capital Outlay
The property requires an estimated $800,000 in additional investment and approximately 9 months of construction to complete, posing a high barrier to entry for traditional residential buyers.
- Market Stagnation
With over 90 days on the market and multiple price reductions from the original $2.795M, the property's 'as-is' unfinished state has faced challenges in securing a buyer at the initial valuation.
About 3780 82 Highland Dr.
Bypass 18+ months of municipal approvals and permitting red tape! Situated just one mile from the coast on a desirable cul-de-sac in Carlsbad, this brand-new custom estate is offered mid-construction—giving a savvy buyer the unique opportunity to select high-end finishes and complete construction in under 9 months. Essential structural milestones are complete, including grading, framing, and core structures. Fully approved plans, final revisions, and active permits transfer to the buyer prior to close of escrow. With an estimated finish cost of ~$800K, capture over $1.4M in instant equity based on prevailing coastal comps approaching $1,300/sq. ft. Main Residence (3,028 sq. ft.) features single-level luxury living, paired with a lower-level private 2BR/2BA ADU (1,023 sq. ft.) ideal for rental income or multi-gen living. Prepped for an optional elevator to connect levels. Includes a cavernous 1,744 sq. ft. garage/workshop, 281 sq. ft. covered decks, and space for an optional 15x30 detached workshop. Owner May Carry! Located in top-rated Carlsbad Unified School District (Magnolia Elem, Valley Middle, Carlsbad High). Price includes plans and active permits. Virtual images shown are conceptual; home sold unfiniler shed (active CBC/Title 24 codes apply). Potential for Proprietary Financing: Skip 7%+ bank rates. Offered terms 4.75% Interest-Only Seller-Carry ($500K down, $2.0M note, 24-month term). Saving ~$60K/year in carry costs, allowing those funds to be redeployed into custom finishes. (Virtual images; unfinished. Active CBC/Title 24 codes apply).
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2024
- Lot Size
- 9,860 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $50.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 7.0 | 3.0 |
| Square foot | 4,051 | 2,315.926 |
| Lot Size | 9,860 | 8,826.162 |
| Price | $2.50M | $1.88M |
| Price per sq ft | $617 | $772 |
| Built year | 2024 | 1992 |
| HOA | $50.0 | $200 |
| Days on market | 174 | 41 |
Pricing History
Listed for Sale
Jun 25, 2026
$2,500,000
$2,450,000
+2% Price Increase
Initial Listing
Price Change
Jun 5, 2026
$2,450,000
$2,500,000
-2% Price Drop
Initial Listing
Price Change
May 21, 2026
$2,500,000
$2,749,000
-9% Price Drop
Initial Listing
Price Change
May 2, 2026
$2,749,000
$2,795,000
-2% Price Drop
Initial Listing
Price Change
Mar 19, 2026
$2,795,000
Initial Listing