8511 Avenida De Las Ondas, La Jolla, California 92037, La Jolla, 92037 - 3 bed, 3 bath
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La Jolla, California 92037
This property presents a High-Potential Investment Opportunity with a List Price of $7,400,000—positioned well below the $7,183,656 Fair Market Value by -3%. Featuring a Condition Rating of 5, the home serves as a prime candidate for a total rebuild on its expansive 0.4-acre lot. With Panoramic Ocean Views and proximity to the 9/10 rated Torrey Pines Elementary, this asset offers significant development upside. It is an ideal acquisition for Luxury Developers or Owner-Occupants seeking to build a custom coastal estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8511 Avenida De Las Ondas Subject | $7,400,000* List Price | 3 | 3 | 2,411 | $2,988 | - |
A 2586 Calle Del Oro Active | $5,895,000 List Price | 3 | 3 | 2,728 | $2,161 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1955, the home is over 70 years old. While it features recent cosmetic updates like luxury vinyl plank flooring and fresh paint, the kitchen and bathrooms remain largely original or over 30 years old, featuring dated pink tile and mid-century cabinetry. The listing description explicitly suggests the property is a candidate to 'build your ocean-view dream home,' indicating the structure requires a total rehab or replacement.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17574, living area = 2411.
Elementary School: Torrey Pines Elementary School (9/10).
Situated on a quiet cul-de-sac in the coveted La Jolla Shores, the property offers stunning ocean views and is just steps from the beach, providing an elite coastal lifestyle.
Built in 1955, the existing structure likely requires a substantial capital investment for modernization or a complete rebuild to meet contemporary luxury standards.
At a list price of $7.4 million, the cost per square foot is exceptionally high for the current improvements, primarily reflecting the land value and location rather than the home's condition.
Ocean views abound on a quiet, coveted cul-de-sac in La Jolla Shores! This special .4-acre property delivers immediate coastal serenity the moment you arrive. The first thing you notice is the sound of waves lapping the shore, a daily reminder that you’re steps from the ocean. With no CC&Rs, the property presents a rare opportunity to refresh, reimagine, or build your ocean-view dream home in one of La Jolla’s most desirable pockets. The existing residence wraps gracefully around a private courtyard, creating easy indoor/outdoor living. Enjoy a cozy library/office for focused work or reading, a breakfast nook for morning coffee, and an ocean-view living room anchored by a fireplace — perfect for relaxing evenings with sunset views in sight. A discreet street, expansive lot, and excellent potential make this property a unique opportunity to create a sublime coastal residence.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.3 mi
Grades 9-12 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 4.0 |
| Square foot | 2,411 | 2,834 |
| Lot Size | 17,574 | 16,094 |
| Price | $7.40M | $3.68M |
| Price per sq ft | $3.1K | $1.4K |
| Built year | 1955 | 1980 |
| HOA | $0 | $562 |
| Days on market | 33 | 60 |
Jun 19, 2026
$7,400,000
Initial Listing