
Carlsbad, California 92008
This Spacious Coastal Residence represents a High-Potential Investment Opportunity, listed at $3,000,000—positioned well below the $3,039,729 Fair Market Value by 1.3%. With a Condition Rating of 3, the home offers immediate move-in readiness while providing significant upside through its 15,681 sq. ft. lot and ADU potential. Featuring Panoramic Ocean and Vineyard Views and proximity to Top-Rated Schools like Kelly Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4347 Highland Drive Subject 6 bd · 3 ba · 2,450 sqft · $1,241 | $3,000,000* List Price | 6 | 3 | 2,450 | $1,241 | - |
A 4250 Clearview Dr Sold 4 bd · 3 ba · 2,258 sqft · $1,151 · 0.5 mi | $2,599,999 | 4 | 3 | 2,258 | $1,151 | 0.5 mi |
B 4860 Park Drive Sold 4 bd · 3 ba · 2,502 sqft · $859 · 0.9 mi | $2,150,000 | 4 | 3 | 2,502 | $859 | 0.9 mi |
C 1807 Valencia Sold 4 bd · 3 ba · 2,103 sqft · $1,146 · 0.8 mi | $2,410,000 | 4 | 3 | 2,103 | $1,146 | 0.8 mi |
D 3768 Skyline Road Sold 4 bd · 3 ba · 2,606 sqft · $1,044 · 0.9 mi | $2,720,000 | 4 | 3 | 2,606 | $1,044 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1961, the property has undergone clear renovations within the 5-15 year range. It features updated laminate flooring, modern stone fireplaces, and a highly functional, well-maintained expansive outdoor deck. The home is move-in ready and well-preserved.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15681, living area = 2450.
Elementary School: Kelly Elementary School (9/10). High School: Sage Creek High School (9/10).
The property boasts rare, sweeping panoramic views of the Pacific Ocean, Agua Hedionda Lagoon, and local vineyards, providing a high-value aesthetic that defines the Olde Carlsbad lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15681, other record lot size in square feet = 16162. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2450, other record living area = 2398. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
The floor plan features six bedrooms but only three bathrooms, which may be inconvenient for large families or high-end vacation renters without further structural modification.
At a $3 million price point for 2,450 square feet, the valuation is heavily weighted toward the land and views, potentially requiring additional capital to modernize the 1961 structure to contemporary luxury standards.
Perched along one of Olde Carlsbad’s most coveted streets, 4347 Highland Drive captures the essence of coastal California living with a truly special front-facing outlook. Sweeping ocean, lagoon, and vineyard views unfold from the front of the property, creating a picturesque setting where coastal scenery and rolling vineyard landscapes come together. With an expansive lot and an elevated position, the property feels both private and connected to the beauty that defines this sought-after pocket of Carlsbad. Set on approximately one-third of an acre, this 6-bedroom, 3-bathroom residence is thoughtfully positioned to embrace its surroundings. From peaceful mornings overlooking the vineyards, lagoon, and Pacific Ocean to golden-hour skies stretching toward the coast, the front-facing views provide an ever-changing backdrop to daily life. Inside, a versatile six-bedroom floor plan offers an abundance of space to live, gather, work, and host. Multiple living areas transition naturally to expansive outdoor spaces, creating an effortless indoor-outdoor lifestyle perfectly suited for Southern California. Whether entertaining friends, dining under the open sky, or simply enjoying a quiet evening at home, the property offers countless places to take in the scenery. Beyond the residence, the grounds are what truly set this property apart. An extensive driveway provides generous off-street parking, while the upper portion of the property offers additional usable space with exciting potential for an ADU, guest house, studio, or thoughtfully designed outdoor retreat, subject to applicable approvals and requirements. Adding to its versatility, the property is located within Carlsbad’s short-term vacation rental zone, presenting an additional opportunity for those interested in income-producing potential, subject to applicable City permitting, licensing, and regulations. Located in the heart of Olde Carlsbad, the home offers the tranquility and space of an established residential neighborhood while remaining just minutes from Carlsbad Village, the coastline, beaches, dining, shopping, and the relaxed lifestyle that defines North County. With its remarkable front-facing ocean, lagoon, and vineyard views, generous land, versatile floor plan, short-term rental potential, and room for future possibilities, 4347 Highland Drive is more than a home—it is a property with room to evolve, designed for those who value space, possibility, and the beauty of coastal living.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,450 | 2,357.728 |
| Lot Size | 15,681.6 | 8,811.432 |
| Price | $3.00M | $1.88M |
| Price per sq ft | $1.2K | $760 |
| Built year | 1961 | 1993 |
| HOA | $0 | $196 |
| Days on market | 32 | 41 |
Sep 23, 2026
$3,000,000
Initial Listing
Nov 19, 2018
$1,750,000
Public Record
Jun 5, 2017
$1,450,000
Public Record
Jul 8, 2015
$1,025,000
Public Record
Aug 16, 2013
$910,000
Public Record
Oct 4, 1993
$328,000
Public Record