
Del Mar, California 92014
This property presents a High-Potential Investment Opportunity with a List Price of $3,950,000—positioned well above the $3,645,863 Fair Market Value by -8%. While the pricing reflects the premium land value of an oversized corner lot in Olde Del Mar, the Condition Rating of 5 necessitates a comprehensive remodel or rebuild. Featuring Ocean Views and proximity to Top-Rated Schools like Pacific Trails Middle, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to capitalize on significant development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 386 13th Street Subject | $3,950,000* List Price | 3 | 3 | 1,620 | $2,251 | - |
A 459 Carolina Rd Sold | $4,200,000 | 3 | 2 | 2,074 | $2,025 | 0.1 mi |
B 425 11th Street Sold | $4,385,000 | 3 | 2 | 1,772 | $2,475 | 0.2 mi |
C 1130 Cuchara Dr Sold | $4,300,000 | 4 | 2 | 1,921 | $2,238 | 0.2 mi |
D 445 Avenida Primavera Sold | $4,135,000 | 4 | 2 | 1,950 | $2,121 | 0.2 mi |
E 14042 Rue Monaco Pending | $4,450,000 List Price | 4 | 2 | 2,160 | $2,060 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955 (71 years old) and featuring original oak floors and wood-beam ceilings, the property lacks evidence of modern renovations to kitchens, baths, or systems. The listing explicitly suggests a 'remodel or rebuild,' indicating the structure requires a full rehab despite its current livability.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9116, living area = 1620.
Elementary School: Del Mar Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
Situated on a rare 9,100+ sq ft oversized corner lot in Olde Del Mar, this property offers a 'walk-to-everything' lifestyle with exceptional privacy and only one shared property line.
Built in 1955, the original beach bungalow likely requires substantial modernization or a complete rebuild to meet the expectations of today's luxury coastal buyers.
At 1,620 square feet, the interior living area is relatively small for the $3.95M price point, indicating that the value is heavily weighted in the land and location rather than the existing structure.
Ocean views, oversized corner lot, and a walk-to-everything address in Olde Del Mar. This classic beach bungalow sits on a fully usable 9,100+ sq ft corner lot with only one shared property line, delivering more yard, natural light, and a level of privacy rarely found this close to the beach. Inside, the living room features wood beam ceilings, a brick fireplace, and original oak floors, with a bonus family room adding flexible living space. Outside, an oversized ocean view deck and grassy yard extend the living experience well beyond the interior walls. The detached 220 sq ft office with built-ins is not included in the listed square footage, and the attached 2-car garage with two additional parking spaces and EV charging rounds out the property. Priced below any comparable in the neighborhood, this is an opportunity that outpaces its asking price in a market where inventory at this level seldom comes to market. Enjoy rarely matched potential offering immediate livability while planning your remodel or rebuild.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 1.2 mi
Grades 7-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,620 | 2,369 | 9% |
| Lot Size | 9,116 | 8,500 | 57% |
| Price | $3.95M | $3.52M | 57% |
| Price per sq ft | $2.4K | $1.4K | 89% |
| Built year | 1955 | 1985 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 98 | 15% |
May 11, 2026
$3,950,000
Initial Listing
Apr 24, 2025
$3,950,000
Public Record