
San Diego, California 92116
This Historic Kensington Heights Residence is a Strong Value Opportunity, listed at $2,650,000—positioned well above the $2,531,022 Fair Market Value by 4%. While priced at a premium, the property offers significant long-term financial stability through Mills Act Tax Savings and a Condition Rating of 3. Featuring Panoramic Canyon Views, an Expansive View Deck, and a Private-Entry Studio, this home provides a versatile lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique, tax-advantaged estate in a premier San Diego neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4343 Ridgeway Drive Subject | $2,650,000* List Price | 4 | 4 | 2,481 | $1,020 | - |
A 5038 Hastings Road Sold | $2,477,325 | 4 | 3 | 2,180 | $1,136 | 0.3 mi |
B 4736 38 Kensington Drive Sold | $2,250,000 | 4 | 4 | 2,300 | $978 | 0.8 mi |
C 5025 Kensington Drive Sold | $2,170,000 | 3 | 2 | 1,984 | $1,094 | 0.5 mi |
D 4429 Braeburn Road Sold | $2,155,000 | 3 | 3 | 2,083 | $1,035 | 0.3 mi |
E 4640 Biona Drive Sold | $1,999,000 | 3 | 2 | 2,120 | $943 | 0.9 mi |
F 4021 S S Hempstead Cir Sold | $2,147,000 | 3 | 3 | 1,554 | $1,382 | 0.6 mi |
G 4253 Alder Drive Sold | $2,760,750 | 3 | 4 | 2,863 | $964 | 0.7 mi |
H 4374 Adams Ave Sold | $2,600,000 | 5 | 4 | 2,971 | $875 | 0.8 mi |
I 4391 Middlesex Drive Active | $2,150,000 List Price | 3 | 3 | 2,100 | $1,024 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1948, the property has been well-maintained with a remodeled kitchen featuring stainless steel appliances and an updated primary bath. While guest bathrooms are described as vintage and the home is over 70 years old, the modern updates to the main living areas and systems make it move-in ready and consistent with 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 = 21780, living area = 2419.
As a designated Mills Act property, this home offers extraordinary property tax savings that transfer to the buyer, with current annual taxes under $6,000—a rare financial incentive for a multi-million dollar estate.
Perched on a premium south-facing half-acre lot, the property delivers breathtaking southern and eastern vistas from the primary suite and an expansive full-length viewing deck.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2481, other record living area = 2419. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The local elementary school carries a lower rating of 4/10, which may be a drawback for families seeking high-performing public school districts within this luxury price segment.
The half-acre 'view lot' designation typically indicates sloped terrain, which may restrict the amount of flat, usable yard space for traditional recreational use or gardening.
Kensington Heights – Spectacular Views, Historic Charm & Mills Act Tax Savings Perched on a quiet, south-facing half-acre view lot in the coveted Kensington Heights neighborhood, this exceptional Mills Act property offers breathtaking panoramic views and remarkably low property taxes that transfer to the new owner. The current annual property tax assessment is under $6,000. The main level features a thoughtfully designed open floor plan with three bedrooms and three bathrooms, spacious living and dining areas, beautiful hardwood floors, and a remodeled kitchen. A generous walk-in pantry, large laundry room, and abundant storage add everyday convenience. The private primary suite is ideally positioned at the rear of the home to capture sweeping southern and eastern views. The updated primary bath, along with two beautiful vintage guest bathrooms, completes the main level. Stretching the length of the home, an expansive view deck/veranda provides the perfect setting to relax, entertain, and enjoy the stunning vistas. This is one of the finest streets in Kensington Heights, offering an unbeatable combination of tranquility, privacy, and scenery. The lower level features a separate entrance and includes a studio with its own full bath, making it ideal as a fourth bedroom, guest suite, home office, artist's studio, or flexible living space. Additional substantial storage is located beneath the home. A rare opportunity to own a historic property with timeless character, modern updates, extraordinary views, and significant long-term tax savings in Kensington!
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades 6-8 • 1.6 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,481 | 1,777.941 |
| Lot Size | - | 6,474.445 |
| Price | $2.65M | $1.27M |
| Price per sq ft | $1.1K | $741 |
| Built year | 1948 | 1971 |
| HOA | $0 | $184 |
| Days on market | 34 | 40 |
Aug 6, 2026
$2,650,000
Initial Listing
Jul 8, 2020
$1,695,000
Public Record
Mar 7, 2008
$1,230,000
Public Record
Oct 3, 2006
$1,080,000
Public Record
Apr 4, 1997
$424,000
Public Record