8330 Prestwick Dr., La Jolla, California 92037, La Jolla, 92037 - 3 bed, 3 bath

8330 Prestwick Dr., La Jolla, California 92037 home-pic-0
ACTIVE$13,900,000$2,276/sqft
8330 Prestwick Dr., La Jolla, California 92037
3Beds
3Baths
2,276Sqft
25,264Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25264, living area = 2276.
Top Cons:
Tear-Down Existing Structure: The current house on the lot is explicitly described as a 'tear-down,' meaning it has no immediate move-in value and requires demolition before new construction.

Compared to the nearby listings

Price:$13.90M vs avg $3.66M (+$10,239,812.5)97%
Size:2,276 sqft vs avg 2,711 sqft32%
Price/sqft:$6.1K vs avg $1.4K99%

More Insights

Built in 1961 (65 years old).
Condition: The listing explicitly states that there is 'currently a 'tear-down' house on the lot' and the property analysis confirms it 'has no immediate move-in value and requires demolition before new construction.' The property was built in 1961, over 50 years ago, and its value is based on the land and development opportunity, not the existing structure.
Year Built
1961
Close
-
List price
$13.9M
Original List price
$13.9M
Price/Sqft
$6,107
HOA
-
Days on market
-
Sold On
-
MLS number
2600553SD
Home ConditionTear down
Features
Excellent View: Ocean
ViewOcean

About this home

DAZZLING, SWEEPING OCEAN VIEWS in La Jolla Shores. Development opportunity nearing completion of entitlements, saving you a ton of time and money. The Island Architect's design calls for an important contemporary residence that makes a bold architectural statement, with beautiful flow, private outdoor spaces, terraces, pool. Artistic renderings for illustrative purposes only. Renderings are not to scale. Features, finishes, and details are subject to change. Currently there is a 'tear-down' house on the lot. Plans for the 8,555 SF home include 6 bedrooms, 5 bathrooms, and 2 powder rooms. Amenities include a game room/lounge, exercise room, 2 laundry rooms, primary suite, living and dining rooms, kitchen with breakfast area, butler's pantry, library, elevator, natural gas appliances and hookups, natural gas fireplace, sound attuning walls, west facing glass facade, mechanical storage, exterior pool bath, 5 garages total, 2 of them include storage, basement level terrace to walkout lawn, basement mechanical and pool storage, main level terrace with vanishing edged pool above ground, BBQ area adjacent to kitchen, and large front motor court with 2 additional garages. Artistic renderings for illustrative purposes only. Renderings are not to scale. Features, finishes, and details are subject to change.

S
Susana Corrigan
Listing Agent

Nearby schools

9/10
Torrey Pines Elementary School
Public,K-50.2mi
8/10
Muirlands Middle School
Public,6-82.2mi
8/10
La Jolla High School
Public,9-122.3mi

Price History

Date
Event
Price
11/05/21
Sold
$6,700,000
Condition Rating
Tear down

The listing explicitly states that there is 'currently a 'tear-down' house on the lot' and the property analysis confirms it 'has no immediate move-in value and requires demolition before new construction.' The property was built in 1961, over 50 years ago, and its value is based on the land and development opportunity, not the existing structure.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25264, living area = 2276.
Great Schools: Elementary School: Torrey Pines Elementary School (9/10).
Exceptional Ocean Views: The property boasts dazzling, sweeping ocean views in the prestigious La Jolla Shores, a highly desirable and valuable asset.
Advanced Development Opportunity: Entitlements for a new luxury residence are nearing completion, significantly reducing the time and cost typically associated with such a project.
Prime La Jolla Location: Situated in an exclusive La Jolla address, the property benefits from a highly sought-after neighborhood known for its luxury and lifestyle.
Architect-Designed Luxury Estate Plans: Comprehensive plans by 'The Island Architect' for an 8,555 SF contemporary residence with extensive amenities are included, offering a clear vision for development.
Generous Lot Size & Top Schools: A substantial 25,264 sqft lot provides ample space for a grand estate, complemented by access to highly-rated public schools in the area.

Cons

Tear-Down Existing Structure: The current house on the lot is explicitly described as a 'tear-down,' meaning it has no immediate move-in value and requires demolition before new construction.
Significant Upfront Investment: With a list price of $13.9 million for a development project, buyers must be prepared for substantial additional capital investment for construction costs.
Illustrative Nature of Proposed Plans: The provided renderings and details for the proposed home are 'for illustrative purposes only' and 'subject to change,' which could lead to variations or unexpected costs during the build.
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