
Encinitas, California 92024
This property presents a High-Potential Investment Opportunity with a List Price of $4,995,000—positioned well below the $4,867,318 Fair Market Value by -2%. Featuring a Condition Rating of 5, this 1985-built residence serves as a "blank canvas" requiring a full interior gut renovation. The oversized corner lot, panoramic ocean views, and rooftop deck provide significant upside for forced appreciation. Located in the San Dieguito Union High School District, this is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking a custom coastal renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 951 Neptune Avenue Subject | $4,995,000* List Price | 6 | 5 | 3,777 | $1,289 | - |
A 1576 Lorraine Active | $4,300,000 List Price | 6 | 4 | 3,438 | $1,251 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (41 years old) and explicitly marketed as a 'blank canvas,' this property requires a full interior gut renovation and likely comprehensive system updates to be functional, fitting the criteria for a major rehab project.
Middle School: Pacific Trails Middle (10/10).
Situated just steps from Beacon's Beach and within walking distance to Leucadia’s vibrant amenities, this property offers an unparalleled lifestyle in one of Encinitas' most coveted surf communities.
The home features sweeping ocean views from multiple interior rooms and a dedicated rooftop deck, complemented by rare outdoor elements including a classic treehouse and multiple private patio spaces.
Marketed as a 'blank canvas,' this 1985-built residence likely requires a significant additional capital investment to modernize the interior and bring the finishes up to contemporary luxury standards.
With a list price near $5 million for a property in need of updates, the combined cost of acquisition and renovation may challenge the immediate equity position for some buyers.
This rare opportunity only steps from Beacon's Beach is nearly 4,000 square feet of "Blank Canvas" for one lucky buyer to make their own. Ocean views, an oversized corner lot, and exceptional proximity highlight this Leucadia gem. Ideal for multi-generational living, the floorplan allows flexibility based on an end user's wants and needs. Enjoy sweeping ocean views from multiple rooms as well as the rooftop deck. Garages and two driveways allow for ample parking, a true rarity in this zone. Multiple outdoor spaces and a classic treehouse add to the charm of this special property. Across the street from a world-class surf beach, nearly 4,000 square feet of living space, and walkability to all that Leucadia has to offer... wow, what an opportunity!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 7-8 • 3.7 mi
Grades 7-8 • 10.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 4.0 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,777 | 2,143.841 |
| Lot Size | 6,343 | 9,012.978 |
| Price | $5.00M | $2.49M |
| Price per sq ft | $1.3K | $988 |
| Built year | 1985 | 1985 |
| HOA | $0 | $189 |
| Days on market | 8 | 41 |
Sep 1, 2026
$4,995,000
Initial Listing