
Encinitas, California 92024
This Coastal Single Family Residence is a Strong Value Opportunity, listed at $2,795,000—positioned well below the $3,200,000 Fair Market Value by 12.6%. This valuation gap offers $405,000 in Instant Equity. Featuring a Condition Rating of 3, the home includes a renovated open-concept kitchen, owned solar, and a wraparound deck with ocean views. Its expansive 0.33-acre lot provides significant development potential for an ADU or pool. This property is an ideal acquisition for Owner-Occupants or Investors seeking a prime Leucadia lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 398 Andrew Avenue Subject 3 bd · 3 ba · 3,121 sqft · $896 | $2,795,000* List Price | 3 | 3 | 3,121 | $896 | - |
A 1938 Sheridan Road Sold 4 bd · 4 ba · 3,236 sqft · $1,075 · 0.1 mi | $3,477,500 | 4 | 4 | 3,236 | $1,075 | 0.1 mi |
B 279 1/4 Hillcrest Drive Sold 4 bd · 3 ba · 2,983 sqft · $1,072 · 0.4 mi | $3,197,500 | 4 | 3 | 2,983 | $1,072 | 0.4 mi |
C 213 Hillcrest Dr. Sold 3 bd · 3 ba · 2,716 sqft · $957 · 0.5 mi | $2,600,000 | 3 | 3 | 2,716 | $957 | 0.5 mi |
D 400 Andrew 1 Sold 4 bd · 3 ba · 2,065 sqft · $1,114 · 0.0 mi | $2,300,000 | 4 | 3 | 2,065 | $1,114 | 0.0 mi |
E 489 La Costa Ave Sold 4 bd · 3 ba · 3,242 sqft · $822 · 0.1 mi | $2,665,000 | 4 | 3 | 3,242 | $822 | 0.1 mi |
F 1551 Burgundy Road Sold 4 bd · 3 ba · 2,307 sqft · $1,127 · 0.7 mi | $2,600,000 | 4 | 3 | 2,307 | $1,127 | 0.7 mi |
G 365 Shore View Lane Pending 3 bd · 3 ba · 2,881 sqft · $1,076 · 0.5 mi | $3,100,000 List Price | 3 | 3 | 2,881 | $1,076 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1990 but features a renovated open-concept kitchen with stone countertops and stainless appliances. The home is move-in ready with updated flooring, recessed lighting, and modern system upgrades including owned solar, EV charging, and dual-paned French doors, placing it in the 5-15 year renovation category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13200, living area = 3121.
The expansive 0.33-acre level lot is a rare find in Leucadia, providing ample space to add a guest house, ADU, or a private pool to maximize the property's utility and value.
Situated west of I-5 in a quiet cul-de-sac, the home offers an ideal lifestyle with walking access to Batiquitos Lagoon and proximity to world-class surf beaches and top-rated schools.
The property has been on the market for 75 days and has undergone multiple significant price reductions totaling $405,000, which may signal initial overpricing or buyer hesitation.
Despite its generous 3,121 square foot floor plan, the home only offers three dedicated bedrooms, which may be insufficient for larger families looking for more traditional sleeping quarters at this price point.
New price: now offered at $2,795,000. Discover a rare slice of coastal paradise in the heart of Leucadia, Encinitas’ beloved beachside enclave, now priced to move. Set on a peaceful cul-de-sac street, this two-story coastal home has room to breathe on a level, third-acre lot just west of I-5, with space to add a guest house or ADU. At 3,121 square feet, it is one of the larger homes in the neighborhood, offering three bedrooms downstairs plus a family room and game room that flex to fit your life: home gym, media room, playroom, or guest space. Owned solar and upgraded dual-paned French doors deliver comfort, quiet, and lower energy bills year-round. The entire upper level is built for entertaining. A light and bright open kitchen, bar, dining, and living space flows onto an extensive wraparound deck with peek ocean and sunset views, so the party and the coastal air are never more than a few steps away. Outside, the fenced backyard is level and private, with room to relax, entertain, or add a pool. The terraced side yard features a small vegetable garden with room to grow. A two-car attached garage offers EV charging and extra storage, and the circular driveway parks four more cars. Walk to the trails at Batiquitos Lagoon or bike to Grandview, the closest of the area’s renowned surf beaches, along with Beacons and Swami’s. Moonlight Beach and Encinitas Ranch Golf Course are minutes away. Renowned restaurants, cafés, and boutique shopping are part of the rhythm here, served by acclaimed schools. This much space, land, and lifestyle at this new price is an opportunity worth seeing soon. Come feel the good vibes, and make coastal Leucadia yours. Select photos digitally altered to remove upstairs bar and to illustrate a conceptual pool and spa design. No pool or spa currently exists on the property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,121 | 2,072.058 |
| Lot Size | 13,200 | 9,262.387 |
| Price | $2.79M | $2.37M |
| Price per sq ft | $896 | $988 |
| Built year | 1990 | 1987 |
| HOA | $0 | $188 |
| Days on market | 84 | 43 |
Oct 16, 2026
$2,795,000
$2,995,000
-7% Price Drop
Initial Listing
Sep 2, 2026
$2,995,000
$3,200,000
-6% Price Drop
Initial Listing
Aug 2, 2026
$3,200,000
Initial Listing