697 Ocean View Ave
Encinitas, CA
Contractor or Development Opportunity! Located west of I-5 in beautiful Leucadia, this useable half-acre property offers exceptional potential in a prime coastal location. A rare opportunity to create your ideal coastal compound, maximize income potential or build your dream home by the beach. Recently appraised at $2,450,000, this property is priced below market value!
The light, bright, and open 2-bedroom, 1-bath main residence is surrounded by a spacious deck and inviting outdoor patio with a built-in fireplace, perfect for relaxing or entertaining. Designed for effortless coastal living, the home blends natural light and outdoor connection with ample on-site and off-street parking.
The two additional (non-permitted) units on the property include a 1bed 1bath ADU and a converted 1bed 1bath garage with loft.
The SB9 (Home Act) may allow two single-family homes and lot to be split into two parcels. Buyer to verify all with the City of Encinitas.
The property includes raised garden beds, avocado, pomegranate, and citrus trees, plus transferable solar with a low monthly payment.
Located near the vibrant downtown Leucadia corridor, where new improvements include additional roundabouts, off-street parking, and planned underpasses for improved beach access. Walking distance to Beacons and Moonlight Beaches, the Coaster, the Farmers Market, Orpheus dog park and 1.5 miles to Encinitas Ranch Golf Course.
Property was recently appraised at $2,450,000! This is the opportunity you have been waiting for.