4513 Cove Drive 17, Carlsbad, California 92008, Carlsbad, 92008 - 2 bed, 2 bath
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Carlsbad, California 92008
This Premier Waterfront Value-Add Asset is listed at $1,150,000, reflecting its status as a rare legacy property in Carlsbad South. With a Condition Rating of 5, the residence serves as a high-potential canvas for modernization, justified by its unobstructed panoramic views, 12-foot vaulted ceilings, and a private boat slip. While the list price exceeds the $1,024,956 Fair Market Value, the unique marine amenities and proximity to 9/10 rated Kelly Elementary support significant forced appreciation. This is a strategic acquisition for Luxury Renovators or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4513 Cove Drive 17 Subject | $1,150,000* List Price | 2 | 2 | 1,453 | $652 | - |
A 809 Kalpati Cir 323 Sold | $1,170,000 | 2 | 2 | 1,660 | $705 | 0.7 mi |
B 809 Kalpati 321 Active | $1,199,999 List Price | 2 | 2 | 1,460 | $822 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977 and offered for the first time in nearly 50 years, the property is in mostly original condition. It features dated kitchen cabinetry, popcorn ceilings, and older carpeting throughout. The listing agent explicitly markets the home as a 'canvas' for a high-end transformation, indicating that a full interior rehab is required to meet modern luxury standards.
Elementary School: Kelly Elementary School (9/10). High School: Sage Creek High School (9/10).
As a top-floor residence, the property boasts unobstructed, panoramic views of the marina, lagoon, and hillsides, framed by rare 12-foot vaulted ceilings and exposed wood beams.
The inclusion of a private boat slip provides immediate water access, a highly coveted feature that significantly enhances the coastal lifestyle and long-term property value.
Offered for the first time in 50 years, the unit likely requires a full interior modernization to meet current luxury standards, necessitating a substantial additional investment.
The monthly association fee of $900 is relatively high, which may impact the overall affordability and appeal for buyers sensitive to fixed monthly overhead.
Available for the first time in nearly 50 years, this premier top-floor residence at Cove Point offers a truly rare opportunity to own a legacy waterfront property. As one of the most coveted positions in the building, the home features soaring 12-foot ceilings in the living room accented by exposed wood beams that frame sweeping, unobstructed views of the marina, lush hillsides, and the sparkling water of the lagoon. Being on the top floor provides a level of privacy, volume, and natural light that is seldom found on the market, making it the perfect canvas for someone looking to design a high-end luxury retreat tailored to their exact specifications. The 1,453-square-foot, 2-bedroom, 2-bathroom floor plan flows seamlessly from the formal entry into an airy living space where the views take center stage. The lifestyle at Cove Point is incomparable, featuring a private boat slip for immediate water access right from your back door. This secure, gated complex offers the convenience of an elevator taking you directly to your underground parking. Residents enjoy resort-style amenities including a pool, spa, and a clubhouse situated right on the water with an outdoor dining area. Located just minutes from world-class beaches and Carlsbad Village, this is an exceptional opportunity to transform a top-tier waterfront residence into your own masterpiece.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,453 | 1,436 | 52% |
| Lot Size | 31,244 | 0.91 | 73% |
| Price | $1.15M | $1.11M | 55% |
| Price per sq ft | $791 | $848 | 48% |
| Built year | 1977 | 1981 | 42% |
| HOA | $900.0 | $536 | 91% |
| Days on market | 50 | 124 | 12% |
Apr 25, 2026
$1,150,000
Initial Listing