622 Kalamath Dr., Del Mar, California 92014, Del Mar, 92014 - 4 bed, 3 bath
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Del Mar, California 92014
This Coastal Value-Add Residence is a Strong Value Opportunity, listed at $4,875,000—positioned well below the $5,187,265 Fair Market Value by 6%. This valuation gap secures $312,265 in Instant Equity. While maintaining a Condition Rating of 4, the home features an attached guest apartment and 180-degree panoramic ocean views. Located in the elite San Dieguito Union District near Torrey Pines High, the property offers significant upside through modernization. This is an ideal acquisition for Owner-Occupants or Luxury Renovators.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 622 Kalamath Dr. Subject | $4,875,000* List Price | 4 | 3 | 2,298 | $2,257 | - |
A 459 Carolina Rd Sold | $4,200,000 | 3 | 2 | 2,074 | $2,025 | 0.2 mi |
B 421 Serpentine Drive Sold | $3,740,000 | 3 | 3 | 2,242 | $1,668 | 0.5 mi |
C 1641 Stratford Way Sold | $4,600,000 | 3 | 4 | 1,764 | $2,608 | 0.5 mi |
D 2061 Seaview Ave. Sold | $4,850,000 | 3 | 3 | 2,114 | $2,294 | 0.8 mi |
E 1130 Cuchara Dr Sold | $4,300,000 | 4 | 2 | 1,921 | $2,238 | 0.2 mi |
F 425 11th Street Sold | $4,385,000 | 3 | 2 | 1,772 | $2,475 | 0.2 mi |
G 386 13th Street Active | $4,295,000 List Price | 3 | 3 | 1,620 | $2,651 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is exceptionally well-maintained and clean, but the interior finishes and systems primarily reflect the 1985 renovation. The kitchen features dated white tile countertops and older appliances, while the bathrooms and living areas show 1980s-style fixtures, track lighting, and carpeting. While functional and move-in ready, the home requires significant cosmetic and system modernization to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10800, living area = 2298.
Elementary School: Del Mar Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
The property boasts exceptional 180-degree views of the North County San Diego coastline and canyon, providing a quintessential Olde Del Mar living experience from almost every room.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10800, other record lot size in square feet = 10400. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2298, other record living area = 1131. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With the last major reimagining occurring in 1985, the interior finishes and systems likely require significant modernization to meet the standards of today's luxury market.
At a list price of $4.875M for approximately 2,298 square feet, the property commands a premium price that may be challenging for buyers seeking more interior living space.
Where the turf meets the surf and offered for the first time, this one-of-a-kind property presents a rare opportunity in the historic town of Olde Del Mar. Originally built in 1954 and thoughtfully reimagined in 1985, this three-bedroom ocean-view home features expansive windows and a generous balcony, which invite the desired blend of indoor and outdoor living. The upstairs primary bedroom, with its own private balcony, is a true sanctuary, and there is also an extra den for a potential home office or gym; leave the space up to your imagination. Adding even more value and flexibility, the property includes an attached one-bedroom guest apartment with a separate entrance, perfect for guests or potential rental income. Both the main home and guest unit are equipped with their own washer and dryer, offering convenience and independence. The design of this unique home provides both privacy and functionality, making it ideal for everyday living or hosting guests. Perched above a stunning canyon with sweeping 180-degree views of the North County San Diego coastline, this home truly captures the charm of Olde Del Mar.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.9 mi
Grades 7-8 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 49% |
| Square foot | 2,298 | 2,577 | 28% |
| Lot Size | 10,800 | 9,100 | 58% |
| Price | $4.88M | $4.05M | 72% |
| Price per sq ft | $2.1K | $1.4K | 74% |
| Built year | 1954 | 1982 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 198 | 13% |
Apr 14, 2026
$4,875,000
Initial Listing