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.
Built in 1992 and offered for the first time, the property is over 30 years old and appears to retain most of its original finishes. While the home is meticulously maintained and functional, the architectural details, fireplaces, and cabinetry are dated and reflect the 1990s construction era, likely requiring aesthetic updates to the kitchen and bathrooms to meet modern luxury standards.
Middle School: Pacific Trails Middle (10/10).
Situated directly on the ocean's edge in the heart of Encinitas, the property offers unparalleled panoramic Pacific views and immediate walking access to world-class surf spots and the vibrant Highway 101 corridor.
Offered for the first time on the market, this residence represents a unique 'legacy' opportunity to acquire a long-held coastal asset with significant privacy and timeless appeal.
The property has undergone multiple price reductions from its original $6.5 million ask, suggesting a potential struggle to align with current market valuations or buyer expectations for the area.
As a condominium built in 1992, the property may face competition from newer or detached single-family homes at this $5.75 million price point, and may require modern cosmetic updates to justify the luxury premium.
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 | 98% |
| Lot Size | 10,616 | 1,548.695 | 57% |
| Price | $5.75M | $910.0K | 98% |
| Price per sq ft | $2.3K | $930 | 98% |
| Built year | 1992 | 1985 | 69% |
| HOA | $0 | $466 | 5% |
| Days on market | 144 | 120 | 64% |
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