538 Fourth St, Encinitas, California 92024, Encinitas, 92024 - 4 bed, 4 bath
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Encinitas, California 92024
Analysis of 538 Fourth St, Encinitas, California 92024 is currently available with a list price of $5,750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Encinitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is exceptionally well-maintained and move-in ready, but it retains most of its original 1992 features, which are now dated. While the hardwood flooring and paint appear fresh, the bathrooms feature 1990s-style white square tiles and basic fixtures. As a 34-year-old home without a recent comprehensive renovation of the kitchen and baths, it fits the criteria for 'fair' condition despite its premium oceanfront location.
Middle School: Pacific Trails Middle (10/10).
Situated directly on the ocean's edge, this property offers rare panoramic Pacific views and immediate walking access to world-class surf spots and the iconic Highway 101 dining and shopping district.
Offered for the first time on the market, this 1992-built residence represents a unique chance to acquire a long-held coastal estate with timeless appeal and significant 'living canvas' sunset views.
The property is classified as a condominium rather than a detached single-family home, which may involve specific HOA regulations, shared land interests, or restrictive CC&Rs.
The listing has undergone multiple significant price reductions from its original $6.5M asking price, indicating potential market resistance or a need for further valuation alignment.
Perfectly nestled along the ocean’s edge in the heart of Encinitas, this legacy coastal residence is offered for the first time on the market. Spanning 2,531 square feet with four bedrooms and three and a half baths, the seaside retreat is filled with natural light and enhanced by panoramic Pacific-facing exposure that frames sweeping ocean views. Every moment unfolds like a living canvas, from surfers gliding across the waves to the sky’s breathtaking transformation at sunset. The oceanfront backyard transcends outdoor living, offering a serene retreat for both entertaining and peaceful solitude, where ocean breezes and the rhythmic sounds of the Pacific set a tone of effortless calm. Just steps from world-class surf spots and beaches, and within walking distance to Encinitas’ best restaurants, shops, and everything the iconic Highway 101 has to offer, this oceanfront haven offers an unbeatable location. The property also features a two-car garage, plenty of storage and additional driveway parking. A truly rare opportunity, this coastal home captures timeless appeal and invites a life defined by the very best of Encinitas.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-6 • 1.5 mi
Grades K-3 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 2.0 | 95% |
| Baths | 4.0 | 2.0 | 98% |
| Square foot | 2,531 | 1,056 | 95% |
| Lot Size | 10,616 | - | 63% |
| Price | $5.75M | $953.0K | 98% |
| Price per sq ft | $2.3K | $904 | 98% |
| Built year | 1992 | 1984 | 78% |
| HOA | $0 | $450 | 5% |
| Days on market | 90 | 147 | 32% |
Apr 11, 2026
$5,750,000
$5,950,000
-3% Price Drop
Initial Listing
Feb 20, 2026
$5,950,000
$6,500,000
-8% Price Drop
Initial Listing
Jan 22, 2026
$6,500,000
Initial Listing
Jun 2, 1998
$640,000
Public Record