498 Neptune, Encinitas, California 92024, Encinitas, 92024 - 3 bed, 2 bath
498 Neptune
Encinitas, California 92024
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 498 Neptune Subject | $5,250,000* List Price | 3 | 2 | 1,800 | $2,917 | - |
A 231 5th Street Active | $6,250,000 List Price | 3 | 2 | 1,980 | $3,157 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
While originally built in 1950, the property has undergone an extensive and tasteful modern renovation, resulting in a turnkey, high-end interior. The home features contemporary kitchen and bathroom finishes, updated flooring, and modern fixtures throughout. Additionally, the inclusion of a multi-million dollar, fully engineered seawall and bluff retention system ensures the property meets the highest current standards for coastal structural integrity and quality.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Pacific Trails Middle (10/10).
- Rare Coastal Protection
The property features a multi-million dollar, California Coastal Commission-approved seawall and bluff retention system, providing invaluable structural security and a level of protection that is nearly impossible to obtain for new developments.
- Prime Oceanfront Location
Situated on the prestigious Neptune Avenue, this home offers unfettered whitewater ocean views and a 'permanent vacation' atmosphere in one of North San Diego County's most coveted coastal enclaves.
CONSRISKS & DEFICIENCIES
- Premium Price per Square Foot
With a list price of $5.25 million for 1,800 square feet, the property commands a very high price per square foot, which may be a deterrent for buyers seeking more expansive interior living areas.
- Vintage Structural Core
Despite the high-end remodel, the original 1950 construction date may lead to underlying maintenance requirements or structural limitations inherent in older coastal homes.
About 498 Neptune
Waiting for you in the coastal resort town of Encinitas is this little bit of an oceanfront Pacific paradise. Tastefully remodeled and modernly elegant, this 3 bedroom, 2 bath 1800square foot oceanfront home offers unfettered whitewater ocean views on one of the most prestigious streets in North San Diego County. It’s like a permanent vacation when you step through the front door and literally leave the world behind you. Whether you want to surf or sip wine this property’s got you covered. ****This property is protected by a fully engineered, California Coastal Commission approved lower seawall and upper bluff retention system, a multi million dollar amenity that cannot be duplicated ever again.****
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,338 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Encinitas Unified Schools
Paul Ecke-Central Elementary School
Grades K-6 • 0.3 mi
Ocean Knoll Elementary School
Grades K-6 • 2.1 mi
Ada W. Harris Elementary School
Grades 3-6 • 2.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 2.0 | 3.0 | 27% |
| Square foot | 1,800 | 2,281.5 | 28% |
| Lot Size | 6,338 | 6,823.5 | 44% |
| Price | $5.25M | $2.12M | 97% |
| Price per sq ft | $2.9K | $965 | 97% |
| Built year | 1950 | 1985 | 6% |
| HOA | $0 | $11 | 50% |
| Days on market | 310 | 156 | 98% |
Pricing History
Listed for Sale
Feb 22, 2026
$5,250,000
$5,400,000
-3% Price Drop
Initial Listing
Price Change
May 1, 2025
$5,400,000
Initial Listing