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8348 Paseo Del Ocaso, La Jolla, California 92037, La Jolla, 92037 - 4 bed, 3 bath

8348 Paseo Del Ocaso, La Jolla, California 92037 home-pic-0
ACTIVE$5,495,000
8348 Paseo Del Ocaso, La Jolla, California 92037
4Beds
3Baths
2,702Sqft
5,234Lot

Price Vs. Estimate

The estimated value ($4,140,937.13) is $1,354,062.87 (24%) lower than the list price ($5,495,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Torrey Pines Elementary School (9/10).
Top Cons:
Significant Price Discrepancy: The current listing price is 24% above the property's estimated value, which may require strong justification to potential buyers or could indicate an overvaluation.

Compared to the nearby listings

Price:$5.50M vs avg $3.59M (+$1,905,000)77%
Size:2,702 sqft vs avg 2,711 sqft49%
Price/sqft:$2.0K vs avg $1.4K92%

More Insights

Built in 1964 (61 years old).
Condition: Despite being built in 1964, this property underwent a substantial and comprehensive renovation in Fall 2024, which is within the 'extensively renovated within 5 years' criteria for an 'Excellent' score. The renovation included a completely new kitchen with modern stainless steel appliances, updated plumbing and electrical systems, new lighting throughout, refinished original hardwood floors, updated secondary bathrooms, and a newer roof. The images confirm the high-quality, modern finishes and pristine condition of the renovated spaces, particularly the kitchen. All components appear new or virtually new, indicating no deferred maintenance.
Year Built
1964
Close
-
List price
$5.5M
Original List price
$6.18M
Price/Sqft
$2,034
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2500978
Home ConditionExcellent
Features
Excellent View: Ocean, Panoramic
ViewOcean, Panoramic

About this home

First time on the market!! White water ocean views and only steps to the beautiful sandy beach that stretches from Scripps Pier to the tidepools next to the La Jolla Beach & Tennis Club. This home has been maintained and enjoyed by the same family for the past 60 years and underwent a substantial renovation including plumbing and electrical during the Fall of 2024. 4 Bedroom/3 Bath split-level beach home. The primary BR suite is on the main level and the 3 secondary bedrooms are together on the lower level. The spacious Great Room and the library/office, which are side by side, present full ocean views and spectacular sunsets over Kellogg Park. In addition, original hardwood floors were refinished, new lighting throughout, completely new kitchen, newer roof, updated secondary baths and interior/exterior were painted. The sheltered and charming front courtyard is filled with morning sunlight and gardeners will appreciate the mature backyard roses/vegetation that is drenched in afternoon sunlight. This property is "as good as it gets" in San Diego's most popular beach community of La Jolla Shores near the sparkling Pacific Ocean, Kellogg Park, serene neighborhoods for walking, shopping and favorite restaurants. This home was designed and built by legendary San Diego architects, Homer Delawie and Lloyd Ruocco.

Nearby schools

9/10
Torrey Pines Elementary School
Public,•K-5•0.6mi
8/10
Muirlands Middle School
Public,•6-8•2.0mi
8/10
La Jolla High School
Public,•9-12•2.0mi
Condition Rating
Excellent
Despite being built in 1964, this property underwent a substantial and comprehensive renovation in Fall 2024, which is within the 'extensively renovated within 5 years' criteria for an 'Excellent' score. The renovation included a completely new kitchen with modern stainless steel appliances, updated plumbing and electrical systems, new lighting throughout, refinished original hardwood floors, updated secondary bathrooms, and a newer roof. The images confirm the high-quality, modern finishes and pristine condition of the renovated spaces, particularly the kitchen. All components appear new or virtually new, indicating no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Torrey Pines Elementary School (9/10).
Prime Oceanfront Location & Views: The property boasts direct white water ocean views and is mere steps from the sandy beach, offering spectacular sunsets over Kellogg Park and unparalleled coastal living.
Comprehensive Recent Renovation: A substantial renovation completed in Fall 2024 included updated plumbing and electrical, a completely new kitchen, refinished hardwood floors, new lighting, a newer roof, and updated secondary baths, ensuring modern comfort and aesthetics.
Architectural Significance: Designed and built by legendary San Diego architects, Homer Delawie and Lloyd Ruocco, the home carries unique historical and design value, appealing to discerning buyers.
Exclusive Market Offering: This is the first time the property has been on the market in 60 years, indicating a rare opportunity to acquire a meticulously maintained and cherished family home.
Vibrant Community & Amenities: Situated in the highly sought-after La Jolla Shores community, residents enjoy easy access to Kellogg Park, serene walking paths, upscale shopping, and renowned local restaurants.

Cons

Significant Price Discrepancy: The current listing price is 24% above the property's estimated value, which may require strong justification to potential buyers or could indicate an overvaluation.
Age of Original Structure: Despite extensive renovations, the home's original construction dates back to 1964, which could lead to unforeseen maintenance considerations or a perception of older infrastructure compared to newer builds in the area.
Limited Modern Luxury Amenities: The property description does not mention central air conditioning or a private pool, which are common luxury features in comparable high-end La Jolla properties and might be expected at this price point.

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