
La Jolla, California 92037
This Stunning Historically Designated Landmark is listed at $5,250,000, reflecting a premium valuation above the $4,486,270 Fair Market Value. While priced above market, the property offers a rare Mills Act agreement for significant tax savings and an Excellent Condition Rating following a meticulous restoration. Featuring a chef’s kitchen, original oak flooring, and an elevated entertaining deck with tree/wood views, this residence provides a sophisticated lifestyle in the prestigious La Jolla school district. This legacy estate is the ideal sanctuary for discerning homeowners or architectural enthusiasts seeking a move-in ready masterpiece.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7716 Lookout Drive Subject | $5,250,000* List Price | 3 | 3 | 3,186 | $1,408 | - |
A 7747 Whitefield Sold | $6,600,000 | 3 | 4 | 3,760 | $1,755 | 0.2 mi |
B 7733 Whitefield Sold | $4,400,000 | 4 | 5 | 3,647 | $1,206 | 0.2 mi |
C 1641 Crespo Drive Active | $4,495,000 List Price | 4 | 5 | 2,839 | $1,583 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1937 origin, this historically designated landmark has been meticulously restored to mint condition. The property features a high-end updated chef's kitchen with paneled appliances and Corian countertops, updated en-suite bathrooms, and pristine original oak flooring. The 'lovingly restored' status and Mills Act agreement indicate top-tier maintenance and move-in readiness with no immediate capital expenditures required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14236, living area = 3186.
Elementary School: La Jolla Elementary School (9/10).
As a historically designated landmark (HRB No. 710) designed by Master Architect Thomas Shepherd, the property benefits from a Mills Act agreement, offering the owner significant annual property tax savings.
At a $5.25 million price point, the three-bedroom configuration may be considered restrictive for larger families or buyers seeking more guest accommodations.
The historical designation and Mills Act status may limit the owner's ability to make significant exterior modifications or modern additions due to strict preservation guidelines.
The iconic Lowry McClanahan/Thomas Shepherd Residence is available — an architectural jewel and historically designated landmark (HRB No. 710), complete with a Mills Act agreement for significant property tax savings. Tucked away on a quiet street in the esteemed La Jolla Hills and designed in 1936 by Master Architect, Thomas Shepherd, this Colonial Revival estate has been lovingly restored, offering timeless elegance across a generous .33-acre lot framed by lush privacy hedges and manicured gardens. Every detail of this home speaks to its pedigree — from the original oak flooring, intricate millwork, and built-ins, to the natural light that fills each carefully curated space. The main level offers a versatile layout ideal for modern living and entertaining. The grand living room features classic wainscoting, an original masonry fireplace, and French doors that open to a serene loggia with views of the expansive backyard. A charming formal dining room with bay window and corner built-ins flows into a beautifully updated chef’s kitchen and butler’s pantry, complete with creamy white cabinetry, Corian countertops, paneled appliances, and a walnut-topped center island. Step onto the elevated entertaining deck or enjoy alfresco dining surrounded by roses below. Upstairs, three spacious bedrooms and two full baths include a private primary suite with dual walk-in closets and a sun-drenched en-suite bath. A cozy den, powder room, and rare basement/utility space add to the home’s function and charm. 7716 Lookout Drive is more than just a residence — it’s a legacy. A rare offering to own a masterwork of La Jolla’s architectural heritage and create the next chapter in its storied history.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 3,186 | 2,834 |
| Lot Size | 14,236 | 16,094 |
| Price | $5.25M | $3.68M |
| Price per sq ft | $1.6K | $1.4K |
| Built year | 1937 | 1980 |
| HOA | $0 | $562 |
| Days on market | 7 | 60 |
Jul 15, 2026
$5,250,000
Initial Listing