8585 Via Mallorca 4, La Jolla, California 92037, La Jolla, 92037 - 2 bed, 2 bath
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La Jolla, California 92037
This Spacious La Jolla Penthouse represents a strategic entry into a premier coastal market, listed at $995,000. Positioned near its $959,561 Fair Market Value, the price reflects the unit's rare top-floor location and vaulted ceilings. While currently holding a Condition Rating of 4, the property features a massive wrap-around deck with waterfall views and access to Top-Rated Schools including Torrey Pines Elementary (9/10) and University City High (9/10). This is a prime "value-add" opportunity for Owner-Occupants or first-time buyers looking to modernize a high-end asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8585 Via Mallorca 4 Subject | $995,000* List Price | 2 | 2 | 1,513 | $634 | - |
A 8585 Via Mallorca 32 Sold | $799,999 | 2 | 2 | 1,141 | $701 | 0.0 mi |
B 8597 Via Mallorca F Sold | $1,160,000 | 2 | 3 | 1,680 | $690 | 0.1 mi |
C 3430 Via Alicante Sold | $775,000 | 2 | 3 | 1,140 | $680 | 0.1 mi |
D 8436 Via Sonoma 67 Sold | $896,500 | 2 | 3 | 1,332 | $673 | 0.2 mi |
E 4020 La Jolla Village Drive Sold | $835,000 | 3 | 3 | 1,638 | $510 | 0.9 mi |
F 8840 Villa La Jolla Dr 203 Pending | $860,000 List Price | 2 | 2 | 1,243 | $692 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this penthouse is well-maintained but remains largely in its original condition or features older updates. The kitchen contains dated white appliances and cabinetry, and the bathrooms show signs of age. While the unit is functional and move-in ready, the interior finishes, including the carpet and fixtures, are outdated and require modernization to meet current quality standards for the La Jolla market.
Elementary School: Torrey Pines Elementary School (9/10). High School: University City High School (9/10).
Situated in a highly desirable La Jolla pocket, the property offers exceptional proximity to UTC, La Jolla Shores, and major freeways, providing a perfect balance of coastal living and urban convenience.
This penthouse unit boasts vaulted ceilings and an expansive wrap-around deck overlooking serene waterfalls and streams, creating a rare and tranquil outdoor living space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =22780, other record lot size in square feet = 43378. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1513, other record living area = 1355.
The listing has undergone multiple price reductions since its initial debut, which may suggest the property was originally overpriced or faces challenges in a competitive market.
With a monthly association fee of $595 and a structure dating back to 1986, buyers must account for significant recurring costs and the potential for future maintenance assessments.
La Jolla's hidden gem of an location. This penthouse 3/2 with vaulted ceilings and a double garage is a great size enhanced by a huge deck off the back of both the living room and the kitchen with two sliding doors. Sitting above the waterfalls and streams that run through the complex is heavenly. Whether it is a trip to the Village or off the beach at La Jolla Shores or shoppinig and dining at La Jolla Village Square or UTC the best of La Jolla living is all near by. Not to mention easy freeway access to the rest of San Diego.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 3.0 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,513 | 1,160 | 67% |
| Lot Size | 22,780 | - | 66% |
| Price | $995.0K | $1.15M | 45% |
| Price per sq ft | $658 | $865 | 12% |
| Built year | 1986 | 1977 | 63% |
| HOA | $595.0 | $600 | 49% |
| Days on market | 100 | 156 | 28% |
Mar 26, 2026
$995,000
$1,030,000
-3% Price Drop
Initial Listing
Mar 17, 2026
$1,030,000
$1,045,000
-1% Price Drop
Initial Listing
Feb 12, 2026
$1,045,000
$1,085,000
-4% Price Drop
Initial Listing
Feb 5, 2026
$1,085,000
$1,090,000
+0% Price Increase
Initial Listing
Feb 1, 2026
$1,090,000
$1,095,000
+0% Price Increase
Initial Listing
Jan 12, 2026
$1,095,000
Initial Listing
May 19, 2023
$970,000
Public Record
Apr 28, 2015
$490,000
Public Record