
La Jolla, California 92037
This property presents a Strong Value Opportunity with a List Price of $2,695,000—positioned well below the $3,022,979 Fair Market Value by 10%. This valuation gap offers $327,979 in Instant Equity for buyers. Featuring a Condition Rating of 6, the existing structure is a tear-down, providing a 18,100 sqft blank canvas for a custom residence with Panoramic Ocean Views. This is a high-reward acquisition ideal for Developers or Owner-Occupants ready to build a luxury home in Muirlands Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6530 Manana Place Subject | $2,695,000* List Price | 4 | 3 | 2,156 | $1,402 | - |
A 1381 W Muirlands Drive Sold | $2,700,000 | 3 | 3 | 1,710 | $1,579 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1960 with no significant renovations, the property is explicitly marketed for lot value. The listing confirms major foundation and slab issues, categorizing it as a tear-down for new construction.
The property offers breathtaking, unobstructed views of Windansea Beach, the Pacific Ocean, and coastline sunsets, providing a premium vantage point that significantly enhances land value.
Situated in the prestigious Muirlands Village on a quiet cul-de-sac, the lot features direct trail access to the La Jolla Bike Path, offering both privacy and neighborhood connectivity.
With a generous 18,100 sqft lot and a 'blank canvas' status, this property allows a developer or owner-user to build a custom luxury residence from the ground up in an A-plus neighborhood.
The existing 1960s structure has severe foundation and slab issues, rendering the home a complete tear-down rather than a viable renovation project.
As a lot-value sale, the acquisition requires significant additional liquid capital for demolition, permitting, and the high costs associated with new construction in La Jolla.
Rare lot-value opportunity in the heart of Muirlands Village, one of La Jolla's most beloved neighborhoods. Situated on a quiet cul-de-sac with a trail at the end leading directly to the Bike Path, this property delivers something far more extraordinary than its address alone: absolutely breathtaking, unobstructed views sweeping over iconic Windansea Beach, the village rooftops, and endless Pacific sunsets from a vantage point that rivals any penthouse in the city. The existing home has foundation and slab issues and is priced accordingly as a tear-down, making this a true blank canvas for a developer or owner-user ready to build a spectacular new ocean view residence from the ground up. The combination of panoramic views, an A-plus neighborhood, and the ability to build new construction to your exact vision is as rare as it gets in La Jolla at this price point. Opportunities like this simply do not come around twice.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,156 | 2,834 |
| Lot Size | 18,100 | 16,094 |
| Price | $2.69M | $3.68M |
| Price per sq ft | $1.2K | $1.4K |
| Built year | 1960 | 1980 |
| HOA | $0 | $562 |
| Days on market | 16 | 60 |
Jul 6, 2026
$2,695,000
Initial Listing