455 Glenncrest Dr, Solana Beach, California 92075, Solana Beach, 92075 - 3 bed, 2 bath
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Solana Beach, California 92075
This Remodeled Coastal Farmhouse & Development Asset offers a rare blend of immediate luxury and significant upside, listed at $3,499,999. While positioned above the $3,158,900 Fair Market Value, the premium is justified by Approved Coastal Commission Permits for a 765 sqft expansion and a proven $216,000 Annual Rental Income. Featuring a Condition Rating of 3, the home provides South-Facing Ocean Views on a private half-acre lot within walking distance to Skyline Elementary and Torrey Pines High School. This is a premier choice for Luxury Lifestyle Seekers or Savvy Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 455 Glenncrest Dr Subject | $3,499,999* List Price | 3 | 2 | 1,800 | $1,755 | - |
A 350 Punta Baja Dr Sold | $3,050,000 | 3 | 2 | 1,890 | $1,614 | 0.6 mi |
B 1127 Santa Rufina Court Sold | $3,025,000 | 4 | 3 | 2,150 | $1,407 | 0.9 mi |
C 311 Corto Sold | $3,490,000 | 4 | 3 | 2,192 | $1,592 | 0.8 mi |
D 323 Glencrest Drive Active | $2,999,888 List Price | 3 | 2 | 1,395 | $2,150 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1950, the property is described as a 'turn-key' remodeled home with a modern coastal farmhouse aesthetic. The interior features an open floor plan, updated kitchen and bathrooms, and high-end finishes suitable for its successful use as a luxury short-term rental. It is move-in ready with no immediate renovations required; however, it does not meet the 'excellent' criteria as it is not a brand-new construction and retains some original 1950s structural elements like the cedar vaulted ceilings.
The property includes fully approved and paid-for permits and plans for a significant expansion, allowing the buyer to bypass years of Coastal Commission and city approval hurdles.
Situated on a rare half-acre private lot west of the I-5, the home offers south-facing ocean views of La Jolla Cove and is within walking distance to top-rated schools.
With a documented short-term rental history reaching over $200k annually, the property offers immediate high-yield investment potential or a subsidized luxury lifestyle.
At the current 1,800 square foot configuration, the $3.5M asking price represents a significant premium that relies heavily on the buyer's willingness to execute the expansion plans.
Originally built in 1950, the property may present underlying infrastructure challenges when integrating the modern, approved second-story additions and large-scale renovations.
$250,000 PRICE DROP! Beautiful Farm style Solana Beach property with south facing ocean views of La Jolla Cove in highly sought-after neighborhood off Lomas Santa Fe with private lane off Glencrest Dr. Home is engulfed on 1/2 an acre of tropical luscious towering trees & foliage creating a private sanctuary backyard. Current home is turn key beautiful 3 bedroom, 2 bath remodeled single-level home w/coastal feel offers an open floor plan w/original cedar vaulted ceilings in family area & gas fireplaces inside &out. Attached garage, large driveway & side yard offer plenty of parking/ will accommodate an RV or ADU potential. Home also comes with APPROVED and payed for permits & plans by City of Solana Beach & Coastal Commission to add on 765 sqft 2nd story master bed/bath+balcony. Additional 172 sqft stairway+laundry room. 45 sq ft Rooftop deck, larger garage w/game room option & 500 sqft lanai veranda for full indoor outdoor modern living. (see 3D renderings of architectural designs). Home has been an AirBnB, VRBO rental w/approximate rental income of 170k (2023) $216k (2024). P&L's available on request should buyer be interested in continuing this rental business. West of 1-5, only minutes to major beautiful beaches, freeways, shopping centers, Coaster/Amtrack, Cedros Design District, Racetrack, & Del Mar fairgrounds. Excellent Public Schools: Solana Vista, Skyline (walking distance), Earl Warren (walking distance) & Torrey Pines High School.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 28% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,800 | 2,496 | 20% |
| Lot Size | - | 11,200 | 4% |
| Price | $3.50M | $2.90M | 56% |
| Price per sq ft | $1.9K | $1.3K | 84% |
| Built year | 1950 | 1978 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 262 | 183 | 80% |
Nov 5, 2025
$3,499,999
$3,750,000
-7% Price Drop
Initial Listing
Aug 3, 2025
$3,750,000
Initial Listing