4866 Park Dr, Carlsbad, California 92008, Carlsbad, 92008 - 3 bed, 3 bath
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4866 Park Dr
Carlsbad, California 92008
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,839Sq Ft
11,000Lot Size
Property Price
LIST PRICE$1,650,000
EST. MARKET VALUE
$1,697,378
SUMMARY
This Single Family Residence represents a Prime Investment Opportunity, listed at $1,650,000—positioned well below the $1,697,378 Fair Market Value by 2%. This valuation gap provides $47,378 in Instant Equity. Featuring a Good Condition Rating with 2025 system upgrades and architectural plans for a detached ADU, the property offers significant value-add potential. Located near top-rated schools like Magnolia Elementary and Sage Creek High, this home is ideal for Buy-and-Hold Investors or Owner-Occupants seeking coastal living with development upside.
Estimated Market Value
$1,697,378
Based on Realkey algorithm analyzing recent comparable sales in Carlsbad.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4866 Park Dr Subject 3 bd · 3 ba · 1,839 sqft · $923 | $1,650,000* List Price | 3 | 3 | 1,839 | $923 | - |
A 4818 Refugio Avenue Sold 3 bd · 2 ba · 1,807 sqft · $772 · 0.3 mi | $1,395,000 | 3 | 2 | 1,807 | $772 | 0.3 mi |
B 1729 Schooner Way Sold 3 bd · 2 ba · 1,514 sqft · $1,030 · 0.9 mi | $1,560,000 | 3 | 2 | 1,514 | $1,030 | 0.9 mi |
C 1733 Schooner Way Sold 4 bd · 2 ba · 1,514 sqft · $1,040 · 0.8 mi | $1,575,000 | 4 | 2 | 1,514 | $1,040 | 0.8 mi |
D 2336 Summerwind Place Sold 4 bd · 4 ba · 2,520 sqft · $670 · 0.7 mi | $1,688,450 | 4 | 4 | 2,520 | $670 | 0.7 mi |
E 4918 Loma Laguna Drive Pending 3 bd · 2 ba · 1,337 sqft · $1,046 · 0.4 mi | $1,399,000 List Price | 3 | 2 | 1,337 | $1,046 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1971, the property is well-maintained and move-in ready with significant recent updates. The kitchen features a modern renovation with soft-close cabinetry and stainless appliances. Critical systems are in excellent shape with a new furnace and electrical panel (2025) and an updated roof. While the bathrooms and some finishes appear to be in the 5-15 year renovation range, the overall condition and system upgrades align with the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1839.
- Great Schools
Elementary School: Magnolia Elementary School (9/10). High School: Sage Creek High School (9/10).
- Prime Coastal Location
Situated directly across from the Agua Hedionda Lagoon, the property offers scenic water and mountain views with immediate access to hiking trails and Carlsbad's top amenities.
CONSRISKS & DEFICIENCIES
- Dated Architectural Style
Built in 1971, the split-level configuration may feel restrictive to buyers preferring contemporary open-concept layouts or universal accessibility.
- Regulatory Dependency
The proposed ADU and remodel plans are subject to coastal review, which can involve complex permitting hurdles and potential delays beyond the buyer's control.
About 4866 Park Dr
Split-level across from Agua Hedionda Lagoon with lagoon and mountain views. Kelly Drive Trailhead within walking distance. Minutes to Carlsbad Village, the beach, Legoland, and I-5. 3 bed, 2.5 bath, 1,839 SF on a .25 acre lot. PLANS: Architectural plans for a remodel and detached ADU currently in coastal review. Buyer to verify. MAIN LEVEL: Tall entry ceilings and a sitting room with bay window and gas fireplace. Dining room opens to the backyard. En-suite bedroom on this level. Wood-look tile throughout, dual-pane windows. KITCHEN: Large island with cooktop and hood, soft-close cabinetry, stainless appliances included, bay window over the yard. UPSTAIRS: Two bedrooms, full bath, oversized hall storage. OUTSIDE: Faux-wood deck, landscape lighting, mature palms, full irrigation, designed concrete hardscape. UPDATES: Furnace and electrical panel (2025), front porch (2024), roof, recessed lighting, added insulation. GARAGE: Pebble flooring, built-in storage, washer/dryer, direct yard access. Lagoon across the street. Trail at the door. Move-in ready.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 11,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Carlsbad Unified Schools
Kelly Elementary School
Grades K-5 • 0.4 mi
9/10
Magnolia Elementary School
Grades K-5 • 1.4 mi
9/10
Valley Middle School
Grades 6-8 • 1.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,839 | 2,357.728 |
| Lot Size | 11,000 | 8,811.432 |
| Price | $1.65M | $1.88M |
| Price per sq ft | $897 | $760 |
| Built year | 1971 | 1993 |
| HOA | $0 | $196 |
| Days on market | 40 | 41 |
Pricing History
Listed for Sale
Sep 15, 2026
$1,650,000
Initial Listing
Sold
Oct 15, 2025
$1,501,500
Public Record