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951 Neptune Avenue, Encinitas, CA 92024

$4.89M6bd · 5ba · 3,777 sqft
Lot 6,343 sqft•Single Family Residence•
Active
•62d on market•MLS# 8N-2608244

Property Description

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! The property easily lives as two units but can also live as one. Upstairs is configured as 4 bedrooms and 3 bathrooms with views. Downstairs is 2 bedrooms, 2 bathrooms, and optional 3rd bedroom. Both levels have living rooms, kitchens and laundry. Legally a single family home 5/5... but the floorplan is configured as 2 units, 6+ bedrooms. This property has Leucadia charm for days!

Features & Amenities

FeeBuilt 1985

Property Details

Land Type
Fee
Year Built
1985
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
6
Garage Spaces
2
Cooling
None
View
Ocean, White Water
City
Encinitas
Zip Code
92024
County
San Diego
Listed byShoreline Properties, Shawn Bengtson

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$24,751.78
Principal & Interest
Loan Amount
$3,916,000
Total Interest
$4,994,642
Total Payment Over 30 Years
$8,910,642
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 4 active · 5 closed

951 Neptune Avenue, Encinitas, CA 92024

Encinitas · Single Family Residence

$4.89M
Luxury Tier
Beds
6
Baths
5
Sqft
3,777
Lot
6,343 sqft
Year
1985
$/Sqft
$1296
Pool: No✓
Spa: No✓
View: water✓
Garage: 2-car✓

Listed 7.6% below the median closed sale of $5,300,000. Price per sqft ($1,296) is a 24% discount to closed comps ($1,711). Closed comps sold at 102% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $4.89M· $1,296/sqft
Total list price
Closed comps
vs closed median $5.30M
−$405K (−7.6%)
Active comps
vs active median $5.29M
−$400K (−7.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $2,174
−$878 (−40.4%)

Active Properties (4)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
141 Leucadia BlvdEncinitas2018452,9347,000$1,839$5.39M4877
1477 Neptune AvenueEncinitas2001432,3828,238$1,816$4.33M18276
534 Ocean View AvenueEncinitas1958321,35232,200$3,695$5.00M9455
1632 BrahmsCardiff by the Sea1992443,9346,583$1,346$5.29M8646
Total: 4 · Average3.83.52,650.513,505.25$2,174$5.00M102.5
Median2,934$5.29M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1660 Neptune AvenueEncinitas197810/28/2026633,5809,552$5.85M$5.30M$1,4800.917081
374 Fulvia StreetEncinitas201904/27/2026453,7988,276$4.70M$4.83M$1,2731.033173
223 El Portal StreetEncinitas202502/13/2026563,5793,979$5.35M$5.35M$1,4951.00069
498 NeptuneEncinitas198405/15/2026321,8006,437$5.15M$4.87M$2,7070.956663
1042 Hymettus AvenueEncinitas198106/10/2026333,33630,056$4.40M$5.34M$1,6001.214359
Total: 5 · Average4.23.83,218.611,660$5.14M$5.14M$1,711—42
Median3,579$5.30M$5.30M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.