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4874 Park Drive, Carlsbad, California 92008, Carlsbad, 92008 - 4 bed, 4 bath

4874 Park Drive, Carlsbad, California 92008 home-pic-0
ACTIVE$1,550,000
4874 Park Drive, Carlsbad, California 92008
4Beds
4Baths
3,898Sqft
12,733Lot
Year Built
1971
Close
-
List price
$1.55M
Original List price
$1.7M
Price/Sqft
$398
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2509893
Home ConditionTear down
Features
Pool
Patio
View

About this home

We found 3 Cons,6 Pros. Rank: price - $1.55M(31th), sqft - 3898(94th), beds - 4(50th), baths - 4(69th).

Shovel-ready coastal opportunity in Olde Carlsbad! After a meticulous three-year approval process through the Coastal Commission, this premium 12,733 sq. ft. lot comes with fully permitted modern architectural plans. Over $100,000 in premium windows and doors are included in the sale, offering a head start on construction and design continuity. The approved plans feature a 2,615 sq. ft. main residence, an 800 sq. ft. detached pool casita, and a permitted pool, all thoughtfully composed in a clean coastal-modern aesthetic that blends luxury and functionality. Expansive glass doors open to seamless indoor-outdoor living, showcasing open-concept entertaining spaces, a chef’s kitchen, and a detached casita ideal for guests, a wellness retreat, or creative studio. Located west of El Camino Real and just minutes from Carlsbad Village, beaches, and the lagoon, this property offers an ultra-rare chance to start construction immediately with permits ready to pull. A one-of-a-kind opportunity to bring your dream modern coastal home to life without the wait. Property Highlights * Lot size: 12,733 sq. ft. * Main home: 2,615 sq. ft. (permitted) * Detached casita: 800 sq. ft. (permitted) * Pool: 179 sq. ft. (permitted) * Fully approved plans, permits ready to pull * Three-year Coastal Commission approval completed * Designed by Shirley Slee * Start construction immediately

Nearby schools

9/10
Kelly Elementary School
Public,•K-5•0.3mi
9/10
Magnolia Elementary School
Public,•K-5•1.4mi
8/10
Valley Middle School
Public,•6-8•1.4mi
8/10
Carlsbad High School
Public,•9-12•1.5mi
9/10
Sage Creek High School
Public,•9-12•1.8mi

Price History

Date
Event
Price
11/16/25
Price Change
$1,550,000-8.8%
10/13/25
Listing
$1,699,000
Condition Rating
Tear down
The property, built in 1971, is being sold as a 'shovel-ready' opportunity with fully permitted plans for a new modern residence, casita, and pool. The listing explicitly mentions 'Implied Demolition Costs,' indicating that the existing structure is not intended for habitation or renovation. The provided images are architectural renderings of the *proposed* new construction, not photos of the current 1971-built property. Given the age of the existing structure (over 50 years) and the clear intent for demolition and redevelopment, the property's current condition is assessed as a tear-down, with its value primarily in the land and approved plans.
Pros & Cons

Pros

Great Schools: Elementary School: Kelly Elementary School (9/10). High School: Sage Creek High School (9/10).
Shovel-Ready with Approved Plans: The property comes with fully permitted modern architectural plans and permits ready to pull, allowing for immediate construction and saving years of design and approval processes, especially with the Coastal Commission.
Included Premium Materials: Over $100,000 in premium windows and doors are included in the sale, providing significant cost savings and ensuring high-quality materials for the new build.
Prime Coastal Location: Located in Olde Carlsbad, west of El Camino Real, and minutes from Carlsbad Village, beaches, and the lagoon, offering an ultra-rare opportunity in a highly desirable and valuable coastal community.
Comprehensive Luxury Design: The approved plans feature a 2,615 sq. ft. main residence, an 800 sq. ft. detached pool casita, and a permitted pool, all designed in a clean coastal-modern aesthetic with indoor-outdoor living and a chef's kitchen.
Generous Lot Size: A premium 12,733 sq. ft. lot provides ample space for the planned luxury home, casita, and pool, a significant asset in a coastal area.

Cons

Significant Construction Investment Required: The listed price is for the lot and approved plans; the buyer will need to fund the entire construction of the luxury home, casita, and pool, representing a substantial additional financial commitment.
Construction Time and Management: Despite being shovel-ready, the project still requires a considerable construction period (likely 12-18+ months) and active management, delaying occupancy and immediate use of the property.
Implied Demolition Costs: Given the property's 1971 build year and the focus on new construction plans, it is highly probable that an existing structure needs to be demolished, incurring additional costs and time not explicitly covered.

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