975 Urania Avenue, Encinitas, California 92024, Encinitas, 92024 - 5 bed, 3 bath
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Encinitas, California 92024
This property represents a High-Potential Investment Opportunity with a List Price of $2,195,000—positioned above the $2,070,132 Fair Market Value. While the acquisition requires a premium, the expansive 0.61-acre lot provides Exceptional Development Potential under SB 9 and SB 1123. With a Condition Rating of 6, the 1940s structure necessitates significant capital improvement. Located in a prime coastal pocket near Top-Rated Schools like La Costa Heights Elementary, this asset is ideal for Residential Developers or Contractors seeking to execute a custom coastal estate or subdivision project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 975 Urania Avenue Subject | $2,195,000* List Price | 5 | 3 | 1,816 | $1,140 | - |
A 1243 Saxony Road Active | $2,500,000 List Price | 4 | 4 | 2,294 | $1,090 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1940 (>80 years old) with no evidence of renovation, the listing is explicitly marketed as a development opportunity, advising buyers to 'bring your contractor.' The high list price reflects the half-acre lot value in Leucadia, and the provided images focus on a cleared lot and architectural renderings for new construction rather than the existing structure.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26571, living area = 1816.
Elementary School: La Costa Heights Elementary School (9/10). Middle School: Pacific Trails Middle (10/10).
The expansive 0.61-acre lot offers rare subdivision and development possibilities under California housing laws SB 9 and SB 1123, providing significant value-add potential for investors or developers.
The property was recently sold within the past year on 2026-05-06. The sold price is $1,950,000.00.
The 1940s structure is marketed as a 'bring your contractor' project, implying that the existing home requires a total renovation or demolition, adding substantial cost beyond the purchase price.
With a list price of $2.399M for a property in 'as-is' condition, the high acquisition cost may challenge the feasibility of certain development projects when factoring in current construction rates.
Rare opportunity in Leucadia. Bring your contractor. Over half an acre in the heart of Leucadia presents a rare opportunity to create something truly special. Located just minutes from Beacon's Beach, Grandview Beach, Highway 101, local restaurants, coffee shops, and some of North County's most sought-after beaches, this property offers the size, location, and flexibility that are becoming increasingly difficult to find. Whether your vision is a custom coastal estate, a private family compound, or a residential development, the property offers a variety of possibilities. Buyers may wish to explore subdivision and development opportunities available under current California housing laws, including SB 9 and SB 1123, subject to approval and verification by the City of Encinitas. As an added option, the sellers’ licensed general contractor, developer, and interior designer are available at buyer's discretion and under a separate agreement, to assist with the entitlement, design, renovation, and/or construction process from concept through completion.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 1.9 mi
Grades K-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,816 | 2,167 |
| Lot Size | 26,571.6 | 7,840.8 |
| Price | $2.19M | $2.54M |
| Price per sq ft | $1.2K | $969 |
| Built year | 1940 | 1984 |
| HOA | $0 | $174 |
| Days on market | 21 | 41 |
Jul 21, 2026
$2,195,000
$2,399,000
-9% Price Drop
Initial Listing
Jul 1, 2026
$2,399,000
Initial Listing
May 6, 2026
$1,950,000
Public Record