
Carlsbad, California 92009
This Rare Multi-Generational Hilltop Estate is a Prime Investment Opportunity, listed at $4,498,000—positioned well below the $4,596,811 Fair Market Value by 2%. This valuation gap provides $98,811 in Instant Equity for a compound featuring two independent residences and a 900 sq ft pool pavilion. While maintaining a Condition Rating of 4, the property offers panoramic hilltop views and access to Top-Rated Schools like Olivenhain Pioneer Elementary and Pacific Trails Middle. This versatile compound is ideal for Multi-Generational Families or Owner-Occupants seeking a private luxury sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7992 Paseo Esmerado Subject | $4,498,000* List Price | 5 | 7 | 6,154 | $747 | - |
A 7992 Paseo Esmerado Active | $4,498,000 List Price | 5 | 7 | 6,154 | $731 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000, the property is 26 years old, placing it in the >20y category. While the home is exceptionally well-maintained and functional, the kitchen and bathrooms feature dated honey-oak cabinetry and finishes consistent with the original construction era, suggesting a need for cosmetic updates to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25700, living area = 6154.
Elementary School: Olivenhain Pioneer Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
The property features two fully independent residences plus a 900 sq ft pool pavilion, providing rare flexibility for extended family, guests, or a high-end home office compound.
The disclosure of digitally altered photos suggests the actual interior condition or aesthetic may differ from the online presentation, potentially requiring buyer visualization for updates.
The split-residence layout, while versatile, may appeal to a more specific buyer profile than a traditional single-structure luxury estate at this $4.5M price point.
Rare Hilltop Compound in The Ranch at Carlsbad Featuring Two Fully Independent Homes! Opportunities like this rarely come to market in The Ranch at Carlsbad. This private single-level estate offers two fully independent residences plus a separate pool and game pavilion, creating a flexible layout ideal for multi-generational living, extended family, guests, or private work-from-home space. The approximately 3,800 sq ft main residence features three bedrooms and spacious living areas designed for comfortable everyday living and entertaining. The 1,400 sq ft second residence includes two bedrooms, a full kitchen with high-end appliances, laundry, independent climate control, and a private street entrance. Wider doorways throughout the second residence provide enhanced accessibility. At the center of the property is a 900 sq ft game and pool pavilion with its own entrance, bathroom, bar-style kitchenette, and independent climate control, allowing the space to function as an entertainment pavilion, third guest suite, or additional living quarters. The hacienda-style architecture creates exceptional privacy around the pool, California Room, and outdoor entertaining areas, while the south-facing hilltop orientation captures beautiful natural light and scenic sunrise and sunset views. Located in The Ranch at Carlsbad, residents enjoy scenic walking trails and walking distance to top-rated schoolsincluding Olivenhain Pioneer Elementary, Diegueño Middle School, and La Costa. (SOME PHOTOS HAVE BEEN DIGITALLY ALTERED. FOR THOSE AND ALL UNALTERED PHOTOS VISIT SOTHEBYSREALTY.COM)
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.9 mi
Grades 7-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 71% |
| Baths | 7.0 | 3.0 | 97% |
| Square foot | 6,154 | 2,686 | 97% |
| Lot Size | - | 8,712 | 10% |
| Price | $4.50M | $1.80M | 97% |
| Price per sq ft | $731 | $704 | 62% |
| Built year | 2000 | 1996 | 55% |
| HOA | $228.0 | $119 | 78% |
| Days on market | 56 | 112 | 18% |
Apr 21, 2026
$4,498,000
Initial Listing
Mar 30, 1999
$893,500
Public Record