
La Jolla, California 92037
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $7,250,000—positioned well above the $6,297,618 Fair Market Value. While the property currently lacks instant equity, its Condition Rating of 4 and massive 20,037 sq. ft. lot offer significant value-add potential through renovation. Featuring Panoramic Ocean Views, a private pool and spa, and proximity to top-rated Torrey Pines Elementary, this asset is primed for transformation. It is an ideal acquisition for Value-Add Investors or Owner-Occupants looking to craft a bespoke coastal estate in La Jolla Shores.
Rare La Jolla Shores ocean-view estate on a massive 0.46-acre lot. 4-bed, 5-bath home with pool, spa, and prime potential for renovation in top school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8361 Calle Del Cielo Subject | $7,250,000* List Price | 4 | 5 | 3,327 | $1,893 | - |
A 2586 Calle Del Oro Active | $5,895,000 List Price | 3 | 3 | 2,728 | $2,161 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1953, the property shows signs of a renovation that is likely 20-30 years old, evidenced by the dated tile countertops, white cabinetry, and traditional fixtures in the bathrooms. While the home is well-maintained and features modern additions like owned solar, the interior aesthetic is dated, and the listing description explicitly suggests a 'refresh' or 'new vision' for the property.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20037, living area = 3327.
Elementary School: Torrey Pines Elementary School (9/10).
Situated on nearly a half-acre in the prestigious La Jolla Shores, this property offers a level of space and privacy that is exceptionally rare for this highly coveted coastal neighborhood.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =20037, 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.
Originally built in 1953, the home likely requires substantial modernizing or a complete renovation to align with contemporary luxury standards and maximize the site's value.
With 74 days on the market and two significant price reductions from the original $7.9M listing, the property has faced clear market resistance regarding its initial valuation.
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 something truly special in La Jolla Shores. The property offers ocean views, a single-level residence, privacy, a pool and an exceptional location all 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 multiple areas of 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, a quintessential setting for enjoying La Jolla’s year-round climate. The property provides a sense of space and privacy that is exceptionally rare in La Jolla Shores, with ample off street parking and owned solar. The substantial lot offers exciting possibilities, including the potential to add a second story and further capture the surrounding ocean views. For the buyer who has been waiting for the right La Jolla Shores property on an exceptional lot, this is a chance to bring a personal 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 as well as 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 | 4.0 |
| Baths | 5.0 | 3.7 |
| Square foot | 3,327 | 2,809.518 |
| Lot Size | 20,037.6 | 12,330.107 |
| Price | $7.25M | $3.70M |
| Price per sq ft | $2.2K | $1.3K |
| Built year | 1953 | 1980 |
| HOA | $0 | $548 |
| Days on market | 92 | 55 |
Aug 22, 2026
$7,250,000
$7,500,000
-3% Price Drop
Initial Listing
Jun 30, 2026
$7,500,000
$7,900,000
-5% Price Drop
Initial Listing
Jun 9, 2026
$7,900,000
Initial Listing