
San Diego, California 92122
This Turnkey Condominium in the Madrid community of La Jolla Colony is a High-Potential Investment Opportunity, currently listed at $1,060,000. While priced above the $961,782 Fair Market Value, the property offers significant lifestyle value through its Good Condition Rating, featuring updated cabinetry and hardwood floors. Residents benefit from resort-style amenities, including a pool and spa, and proximity to top-rated schools like Doyle Elementary and University City High. This residence is an ideal sanctuary for Owner-Occupants or professional couples seeking a sophisticated, move-in ready home in a prime San Diego location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4007 Porte De Palmas 67 Subject | $1,060,000* List Price | 2 | 3 | 1,428 | $674 | - |
A 3941 Nobel Dr 174 Sold | $775,000 | 2 | 3 | 1,100 | $705 | 0.6 mi |
B 4050 Porte De Palmas 26 Sold | $900,000 | 3 | 3 | 1,721 | $523 | 0.1 mi |
C 4135 Porte De Merano 144 Sold | $849,000 | 2 | 2 | 1,004 | $846 | 0.2 mi |
D 3969 Mahaila Ave 209 Sold | $792,000 | 3 | 2 | 1,376 | $576 | 0.7 mi |
E 3941 Camino Lindo Sold | $840,000 | 3 | 3 | 1,380 | $609 | 0.4 mi |
F 3937 Nobel Dr 132 Sold | $745,000 | 2 | 2 | 1,080 | $690 | 0.6 mi |
G 4040 Porte De Palmas 31 Sold | $1,210,000 | 3 | 3 | 1,721 | $703 | 0.1 mi |
H 4383 Nobel Dr 86 Sold | $1,035,000 | 2 | 3 | 1,881 | $550 | 1.0 mi |
I 3965 Nobel Drive 230 Active | $749,900 List Price | 2 | 3 | 1,100 | $682 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1986 but shows clear evidence of a mid-life renovation (approx. 10-15 years ago). The kitchen features updated wood cabinetry, stone countertops, and stainless steel appliances. The interior boasts modern recessed lighting and updated hardwood flooring. The property is impeccably maintained and move-in ready, fitting the 5-15 year renovation window for a 'Good' rating.
Elementary School: Doyle Elementary School (9/10). High School: University City High School (9/10).
Situated in the highly desirable La Jolla Colony, the property offers exceptional proximity to UCSD and UTC, and is zoned for top-rated schools including Doyle Elementary and University City High, both boasting a 9/10 rating.
The floor plan is optimized for privacy and convenience, featuring two spacious upstairs bedroom suites with dedicated bathrooms, a main-level powder room, and a rare attached two-car garage with direct access.
The association fee of $525 per month is a significant recurring cost that may impact the overall affordability and debt-to-income ratio for potential buyers.
Built in 1986, the property may require capital investments for modernizing finishes or upgrading aging systems to compete with newer luxury developments in the San Diego market.
Nestled within the highly coveted Madrid community of La Jolla Colony, this impeccably maintained 2-bedroom, 2.5-bath home offers an exceptional blend of timeless style, comfort, and everyday livability. Lovingly cared for and thoughtfully maintained, the home showcases a spacious, light-filled floor plan designed to complement both relaxed living and effortless entertaining. The inviting living room is centered around a charming fireplace and opens seamlessly to a private patio, creating an ideal indoor-outdoor setting for morning coffee, evening gatherings, or simply enjoying San Diego's year-round climate. The well-appointed kitchen features generous cabinetry, ample workspace, and an adjoining dining area that flows naturally into the home's main living spaces. Upstairs, two spacious bedroom suites each offer their own private bathroom, creating a comfortable retreat for residents and guests alike, while a convenient powder room on the main level enhances the home's thoughtful design. An attached two-car garage provides direct access along with abundant storage. Surrounded by mature landscaping and tranquil greenbelts, Madrid residents enjoy resort-inspired amenities including a sparkling pool and spa, all within one of La Jolla Colony's most desirable neighborhoods. Ideally positioned moments from UCSD, premier shopping and dining at UTC, beautiful parks, world-renowned beaches, and major commuter routes, this exceptional residence offers an outstanding opportunity to experience the perfect balance of convenience, sophistication, and the coveted La Jolla lifestyle.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,428 | 999 |
| Lot Size | 100,743 | 84,697.5 |
| Price | $1.06M | $604.2K |
| Price per sq ft | $742 | $618 |
| Built year | 1986 | 1985 |
| HOA | $525.0 | $500 |
| Days on market | 6 | 53 |
Jul 16, 2026
$1,060,000
Initial Listing
Feb 2, 2015
$600,000
Public Record
Jul 27, 2005
$607,500
Public Record
Aug 15, 2000
$340,000
Public Record
Feb 3, 1997
$205,000
Public Record