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

8504 Prestwick Dr
La Jolla, California 92037
Property Price
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
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
Muirlands Middle School
Grades 6-8 • 2.4 mi
La Jolla High School
Grades 9-12 • 2.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 53% |
| Square foot | 2,637 | 2,672 | 48% |
| Lot Size | 20,452 | 8,000 | 84% |
| Price | $5.59M | $3.57M | 82% |
| Price per sq ft | $2.1K | $1.3K | 94% |
| Built year | 1969 | 1976 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 156 | 8% |
Pricing History
Listed for Sale
Mar 4, 2026
$5,595,000
Initial Listing
Sold
Jun 2, 2023
$4,800,000
Public Record











