8504 Prestwick Dr, La Jolla, California 92037, La Jolla, 92037 - 4 bed, 4 bath

8504 Prestwick Dr, La Jolla, California 92037 home-pic-0

8504 Prestwick Dr

La Jolla, California 92037

ACTIVE
CONDITION: TEAR DOWN
4Beds
4Baths
2,637Sq Ft
20,452Lot Size

Property Price

LIST PRICE$5,595,000

SUMMARY

Analysis of 8504 Prestwick Dr, La Jolla, California 92037 is currently available with a list price of $5,595,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the La Jolla Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

Property is land value only, full reconstruction required.

The property is marketed primarily as a development opportunity rather than a habitable residence. Built in 1969 with no mention of recent renovations, the listing focuses on the 'extraordinary canvas' and submitted architectural plans for a 6,678 sqft contemporary masterpiece. The high list price reflects the value of the rare 20,452 sqft level corner lot and its ocean views, while the existing structure is positioned for demolition to make way for a world-class coastal estate.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 20452, living area = 2637.

  • Great Schools

    Elementary School: Torrey Pines Elementary School (9/10).

  • Exceptional Coastal Views

    The property commands sweeping vistas of the Pacific Ocean and the iconic La Jolla Cove, situated in the highly coveted Upper La Jolla Shores enclave.

CONSRISKS & DEFICIENCIES

  • Dated Existing Improvement

    The current 1969 residence is significantly smaller and older than the neighborhood's luxury standard, likely requiring a full teardown to realize the property's highest and best use.

  • Substantial Capital Requirement

    Beyond the $5.595M acquisition price, the buyer will need significant additional capital and time to execute the proposed 6,600+ sqft custom construction project.

About 8504 Prestwick Dr

Positioned on a rare oversized corner parcel in the coveted La Jolla Shores enclave, this exceptional Upper Shores offering captures sweeping vistas of the Pacific and the iconic La Jolla Cove. The predominantly level site currently hosts a single level four bedroom residence, presenting an extraordinary canvas for the creation of a world class coastal estate. Thoughtfully conceived architectural plans by acclaimed firm Marengo Morton Architects have been submitted for an approximately 6,678 square foot contemporary masterpiece featuring five en suite bedrooms, expansive indoor outdoor living spaces, and elevated design elements tailored for the most discerning luxury buyer. The development strategy has been guided with the expertise of prominent land use expert Chandra Slaven, offering a rare level of sophistication and foresight in the planning process. This is a special opportunity to secure a premier view site in one of La Jolla’s most desirable neighborhoods and bring to life a bespoke ocean view estate that reflects your vision and lifestyle, all just moments from the beach, the Village, world class dining, premier shopping at UTC, major freeways, and top rated schools, seamlessly combining privacy, prestige, and everyday convenience along the Southern California coastline.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1969
Lot Size
20,452 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

La Jolla Unified Schools

Torrey Pines Elementary School

Grades K-5 • 0.3 mi

9/10

Muirlands Middle School

Grades 6-8 • 2.4 mi

8/10

La Jolla High School

Grades 9-12 • 2.5 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths4.03.0
53%
Square foot2,6372,672
48%
Lot Size20,4528,000
84%
Price$5.59M$3.57M
82%
Price per sq ft$2.1K$1.3K
94%
Built year19691976
37%
HOA$0$0
50%
Days on market3156
8%

Pricing History

Listed for Sale

Mar 4, 2026

$5,595,000

Initial Listing

Sold

Jun 2, 2023

$4,800,000

Public Record

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