Realkey.ai
RealKey
‪(213) 433-7766‬

4348 Middlesex, San Diego, California 92116, San Diego, 92116 - 5 bed, 6 bath

4348 Middlesex, San Diego, California 92116 home-pic-0
ACTIVE$4,995,000$6,078/sqft
Est. Value: $5,372,298
7%
BelowEstimate
4348 Middlesex, San Diego, California 92116
5Beds
6Baths
6,078Sqft
19,846Lot

Price Vs. Estimate

The estimated value ($5,372,297.55) is $377,297.55 (7%) higher than the list price ($4,995,000). This property may be underpriced.

Key pros and cons

Top Pros:
Mills Act & Architectural Heritage: The property is a stunning Spanish-style residence with the coveted Mills Act in place, offering significant property tax benefits and preserving its unique architectural heritage.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19846, other record lot size in square feet = 19689. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6078, other record living area = 6028. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.

Compared to the nearby listings

Price:$5.00M vs avg $1.31M (+$3,685,000)99%
Size:6,078 sqft vs avg 1,344 sqft99%
Price/sqft:$822 vs avg $98527%

More Insights

Built in 1929 (97 years old).
Condition: Despite being built in 1929, this property has undergone an extensive, high-end renovation, evident in the description and images. The chef's kitchen features top-tier Italian ILVE, Wolf, and Sub-Zero appliances, modern cabinetry, and luxurious countertops. Bathrooms are virtually new, showcasing designer finishes, custom tile work (including a dual steam walk-in shower with integrated controls), and stylish fixtures. All visible components, from flooring to light fixtures, reflect current quality standards and appear to be recently installed or meticulously maintained, indicating no deferred maintenance and a move-in ready, luxury condition.
Year Built
1929
Close
-
List price
$5M
Original List price
$5M
Price/Sqft
$822
HOA
-
Days on market
-
Sold On
-
MLS number
2601054SD
Home ConditionExcellent
Features
Excellent View: City Lights
Deck
Pool
Spa
Patio
ViewCity Lights

About this home

Welcome to the most spectacular estate to ever come to market in Kensington. A once in a lifetime opportunity to own a stunning Spanish-style residence with the coveted Mills Act in place! This rare offering represents a masterful blend of architectural heritage and modern luxury. Spanning over 6,000 sq. ft. total, the main residence includes 4 bedrooms and 5 bathrooms, complemented by a detached guesthouse. Designed for elevated living and unforgettable entertaining, the home rests on a rare flat, and fully usable double lot just under 20,000 sq. ft. Fully pocketing retractable glass doors in the living room open to a sweeping green lawn, an infinity-edge pool with grotto and unobstructed jaw-dropping views- creating a truly magical backdrop day and night. The chef's kitchen is outfitted with high-end appliances including an Italian ILVE Range, Wolf Oven and Sub-Zero Refrigerator and is complemented by a separate dedicated bar-ideal for hosting at any scale.The Primary suite is a standout, featuring a remarkable dual steam walk-in shower with integrated touchscreen controls and built-in speakers along with two exceptionally large walk-in closets-an uncommon luxury for a property of this age and location. Executed to the highest standard, this estate sets a new benchmark for historic luxury living in Kensington.

A
Ami Le Wallen
Listing Agent

Nearby schools

4/10
Franklin Elementary School
Public,•K-5•1.0mi
4/10
Wilson Middle School
Public,•6-8•1.5mi
8/10
Lewis Middle School
Public,•6-8•2.0mi
5/10
Hoover High School
Public,•9-12•1.2mi
8/10
Patrick Henry High School
Public,•9-12•3.3mi

Price History

Date
Event
Price
04/21/94
Sold
$419,000
05/30/14
Sold
$1,350,000
05/10/04
Sold
$1,550,000
Condition Rating
Excellent
Despite being built in 1929, this property has undergone an extensive, high-end renovation, evident in the description and images. The chef's kitchen features top-tier Italian ILVE, Wolf, and Sub-Zero appliances, modern cabinetry, and luxurious countertops. Bathrooms are virtually new, showcasing designer finishes, custom tile work (including a dual steam walk-in shower with integrated controls), and stylish fixtures. All visible components, from flooring to light fixtures, reflect current quality standards and appear to be recently installed or meticulously maintained, indicating no deferred maintenance and a move-in ready, luxury condition.
Pros & Cons

Pros

Mills Act & Architectural Heritage: The property is a stunning Spanish-style residence with the coveted Mills Act in place, offering significant property tax benefits and preserving its unique architectural heritage.
Expansive & Versatile Living Space: Spanning over 6,000 sq. ft. with 4 bedrooms and 5 bathrooms, the main residence is complemented by a detached guesthouse, providing ample and flexible living arrangements.
Rare Double Lot with Premium Outdoor Amenities: Situated on a rare, flat, and fully usable double lot just under 20,000 sq. ft., featuring fully pocketing retractable glass doors, an infinity-edge pool with grotto, and unobstructed views.
High-End Chef's Kitchen & Entertainment Features: The chef's kitchen is outfitted with top-tier appliances (Italian ILVE Range, Wolf Oven, Sub-Zero Refrigerator) and a dedicated bar, ideal for sophisticated entertaining.
Luxurious Primary Suite: The primary suite boasts a remarkable dual steam walk-in shower with integrated touchscreen controls and built-in speakers, along with two exceptionally large walk-in closets, an uncommon luxury for a historic property.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =19846, other record lot size in square feet = 19689. Living area discrepancy between mls listing and other public or private record. mls listing living area = 6078, other record living area = 6028. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Age of Property & Potential for Hidden Costs: Built in 1929, despite extensive modern luxury upgrades, the underlying infrastructure of a nearly century-old home may present unforeseen maintenance challenges or require specialized care.
High Maintenance Demands: The expansive 6,000+ sq. ft. estate on a nearly 20,000 sq. ft. lot with an infinity pool, grotto, and guesthouse will necessitate significant ongoing maintenance, landscaping, and operational costs.
Mills Act Restrictions: While beneficial for taxes, the Mills Act designation typically imposes strict guidelines on exterior alterations and requires adherence to historical preservation standards, which may limit future owner modifications or design choices.
Browse Properties by State Browse housing market trends by state