
La Jolla, California 92037
This Single-Family Residence presents a High-Potential Investment Opportunity with a List Price of $6,950,000—positioned well above the $6,380,389 Fair Market Value by 8%. While the property requires modernization given its Condition Rating of 4, the expansive 20,038 sqft lot in La Jolla Shores offers significant development upside, including potential second-story additions to maximize ocean views. Located near Torrey Pines Elementary (9/10), this asset is ideal for Value-Add Investors or Owner-Occupants seeking to create a custom coastal estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8361 Calle Del Cielo Subject 4 bd · 5 ba · 3,327 sqft · $1,918 | $6,950,000* List Price | 4 | 5 | 3,327 | $1,918 | - |
A 2586 Calle Del Oro Sold 3 bd · 3 ba · 2,728 sqft · $1,998 · 0.3 mi | $5,450,000 | 3 | 3 | 2,728 | $1,998 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953 with subsequent renovations that appear to be 15-30 years old. The bathrooms feature dated tile countertops, older cabinetry, and traditional styling. While the home is well-maintained, clean, and functional with added solar panels, the interior is dated and the listing explicitly suggests refreshing the home or creating a new vision.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20038, living area = 3327.
Elementary School: Torrey Pines Elementary School (9/10).
Situated on a rare half-acre lot in the highly coveted La Jolla Shores, this property offers unparalleled privacy and space within walking distance of the beach and tennis club.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =20038, other record lot size in square feet = 19983. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3327, other record living area = 2535.
Built in 1953, the home likely requires extensive modernizing or a full renovation to meet the expectations of contemporary luxury buyers at this price point.
The $6.95M list price primarily reflects the land value and location, necessitating a significant additional investment for those looking to refresh or rebuild the existing structure.
Situated on a nearly half-acre lot in one of La Jolla's most coveted neighborhoods, 8361 Calle Del Cielo presents a rare opportunity to own a truly special property in La Jolla Shores. The property offers ocean views, a single-level residence, privacy, a pool and an exceptional location just a few blocks from La Jolla Shores Beach. The floor plan offers expansive living spaces with vaulted ceilings and ocean views from each of the four bedrooms and throughout the home. The spacious primary suite enjoys panoramic ocean and garden views, dual bathrooms and walk-in closets and a private patio. The home opens beautifully to its private grounds through French doors, revealing expansive patios, lush landscaping and a sparkling pool and spa, an ideal setting for enjoying La Jolla’s year-round climate. The property provides a sense of space and privacy that is rare in La Jolla Shores, with ample off street parking and owned solar. The substantial lot offers possibilities, including the potential to add a second story and further capture ocean views. For the buyer waiting for the right La Jolla Shores property on an exceptional lot, this is a chance to bring their vision to a truly irreplaceable setting. Nearby is the La Jolla Beach and Tennis Club, La Jolla Cove, Birch Aquarium, Torrey Pines Golf Course, La Jolla Playhouse and world-class dining. Whether preserving its timeless coastal character, refreshing the existing home, or creating an entirely new vision, 8361 Calle Del Cielo is a rare La Jolla jewel; offering a combination of location, land, views, and unlimited potential.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.1 |
| Baths | 5.0 | 3.7 |
| Square foot | 3,327 | 2,784.514 |
| Lot Size | 20,038 | 12,220.286 |
| Price | $6.95M | $3.49M |
| Price per sq ft | $2.1K | $1.2K |
| Built year | 1953 | 1981 |
| HOA | $0 | $515 |
| Days on market | 29 | 58 |
Sep 26, 2026
$6,950,000
Initial Listing