489 La Costa Ave., Encinitas, California 92024, Encinitas, 92024 - 6 bed, 4 bath
Loading property details...
Encinitas, California 92024
This Rare Coastal Multi-Unit Estate is a High-Potential Investment Opportunity, listed at $2,879,900—positioned well below the $2,998,656 Fair Market Value by 3%. This valuation gap offers $118,756 in Instant Equity. Featuring a Condition Score of 3, the home includes a Leathered Granite Kitchen and a Detached 2BR ADU for rental income. Located in the San Dieguito Union District near the beach with Fully Paid Solar, it offers lifestyle and financial upside. This is ideal for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 489 La Costa Ave. Subject | $2,879,900* List Price | 6 | 4 | 2,803 | $1,070 | - |
A 1711 Burgundy Rd. Sold | $2,345,000 | 4 | 3 | 2,793 | $840 | 0.6 mi |
B 1938 Sheridan Road Active | $3,495,000 List Price | 4 | 4 | 3,236 | $1,080 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant high-end updates. The kitchen features premium Sub-Zero appliances, leathered granite countertops, and custom cabinetry. The home boasts updated hardwood flooring, a modern detached ADU, and an exceptional outdoor living space with a vaulted patio cover and BBQ station. While the original structure dates to 1980, the well-maintained systems, fully paid solar, and renovated interior components meet the standards for a high-quality, well-maintained residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17276, living area = 2803.
The property includes a separate 2-bedroom, 1-bathroom detached unit with its own kitchen and private patio, providing an excellent opportunity for rental income or multi-generational living.
Situated in the desirable La Costa subdivision of Encinitas, this home is just a short walk to the beach, offering a premium coastal lifestyle.
Built in 1980, the home may require additional modern updates beyond the kitchen to meet the aesthetic standards of today's luxury buyers.
A recent significant price reduction suggests the property is currently undergoing market recalibration to find its competitive value within the local luxury segment.
I am excited to share a rare opportunity for a beautiful single-level property located just a short walk to the beach with ADU & Fully Paid Solar system The main home features 4 bedrooms and 2.5 bathrooms, including a primary suite with a walk-in closet and ensuite bath. The interior offers a light-filled great room with an impressive fireplace, a dining area perfect for entertaining, and a kitchen complete with leathered granite counters, warm cabinetry, and a Sub-Zero refrigerator, separate laundry room with storage closets and direct access to the double garage. Outside, you will find a secure front patio with a soothing water feature and a private backyard oasis that includes a vaulted patio cover, a BBQ station, a circular conversation area, and a large TV entertainment center as well as room for children and pets to enjoy the fully fenced area. Additionally, the property includes a detached 2-bedroom, 1-bathroom unit with its own kitchen, private patio, and direct access parking—ideal for rental income or as an in-law suite. Practical amenities include a double garage, ample off-street parking, a storage shed, and RV parking with full hookups and a clean-out. Rare opportunity for this single level 4BR/2.5BA home with separate 2BR/1BA detached ADU Only a short walk to the beach! THis property has ample off street parking, RV Parking with hookups and cleanout plus attached garage for the main residence. You'll find tranquility once you enter the gated front patio area with soothing water feature. Enter the home to the great room with fireplace and dining area that is an entertainers delight! The kitchen features lovely theather granite counters and warm cabinetry and sub zero refrigerator while opening to the family room. The Primary bedroom suite offers walk in closet, ensuite bath with large shower and dual sink vanity and direct access to the back yard. The other bedrooms are separate from the primary bedroom area. The back yard is a private oasis with cozy circular conversation area, BBQ station and Large TV entertainment area, with vaulted patio cover. The ADU is perfect for inlaw quarters or rental income featuring 2 bedrooms/1 bath, kitchen area and access to direct parking and private patio area. There iare 3 sheds for strorage. AND..off street parking for at least 8 autos
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 93% |
| Baths | 4.0 | 3.0 | 65% |
| Square foot | 2,803 | 2,373 | 64% |
| Lot Size | 17,276 | 7,284.5 | 81% |
| Price | $2.88M | $2.24M | 69% |
| Price per sq ft | $1.0K | $983 | 57% |
| Built year | 1980 | 1986 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 111 | 18% |
Mar 17, 2026
$2,879,900
$2,999,900
-4% Price Drop
Initial Listing
Feb 27, 2026
$2,999,900
Initial Listing
Oct 31, 2018
$1,380,000
Public Record
Jul 31, 2017
$1,200,000
Public Record
Jul 18, 2005
$799,000
Public Record