
San Diego, California 92114
This 3-Acre Residential Estate represents a Strong Value Opportunity, listed at $1,329,000—positioned well below the $1,418,659 Fair Market Value by 6%. This valuation gap provides $89,659 in Instant Equity. Featuring a Mint Condition Rating following a high-end remodel, the property offers R2 Zoning and SB9 eligibility for multi-family development. With panoramic ocean and city views and over 500 sq. ft. of deck space, this unique asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking significant development potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Selma Pl Subject | $1,329,000* List Price | 4 | 4 | 2,526 | $562 | - |
A 700 Selma Pl Active | $1,375,000 List Price | 4 | 4 | 2,526 | $544 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1973, the property has undergone a complete high-end remodel within the last year. It features a modern kitchen with waterfall quartz countertops, updated bathrooms with contemporary fixtures and a stand-alone tub, new flooring throughout, and updated windows and decks, meeting the criteria for a mint-condition renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 131986, living area = 2526.
The massive 3-acre lot combined with R2 zoning and SB9 eligibility offers a rare opportunity for a lot split or the construction of additional multi-family dwellings, providing immense value-add potential.
Positioned on a bluff, the home offers breathtaking views of the San Diego skyline, Coronado Bridge, and the Pacific Ocean from nearly every room and over 500 sq. ft. of expansive deck space.
While the lot is expansive, the bluff-side location and rugged terrain suggest that a significant portion of the acreage may be steep or difficult to utilize for traditional yard space.
The local public schools carry relatively low ratings, ranging from 2 to 5, which may be a consideration for families prioritizing high-performing educational districts.
RARE OPPORTUNITY to own 3 acres in Emerald Hills and possibility to build an additional multi family dwelling on the property! Property is also eligible for a lot split under SB9. Fully remodeled 2 story home with beautiful city ocean, and Coronado Bridge views from nearly every room of the house. Including 500+ sq ft worth of deck space where you can enjoy a bite to eat and watch the sunset. This property sits on the edge of a bluff and even includes its own hiking trail! Careful of the cactus, if you plan to explore! On top of being completely remodeled, and featuring so much land, you will feel incredibly secure as this property is nestled on a cul de sac and you get a high level of privacy. The top floor features three decks, amazing for entertaining. A wide-open floor plan where you experience the city/ocean views from your upstairs living spaces. The primary bedroom has its own deck, including a stand-alone tub in the shower in which you can enjoy the views standing in your very large shower. Downstairs you will find a secondary living room and fireplace along with three more bedrooms, great for children's quarters. The large area of land and R2 zoning allow for the ability to building a multi family dwelling on the property! Walking distance to the nearby metro and short drive to Coronado, Downtown, the Zoo. This is an extremely rare opportunity to own one of the most unique properties in the area and under $1.4m.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.3 |
| Square foot | 2,526 | 1,777.941 |
| Lot Size | 131,986 | 6,474.445 |
| Price | $1.33M | $1.27M |
| Price per sq ft | $526 | $741 |
| Built year | 1973 | 1971 |
| HOA | $0 | $184 |
| Days on market | 14 | 40 |
Aug 26, 2026
$1,329,000
Initial Listing
Feb 11, 2025
$785,000
Public Record