534 Ocean View Avenue, Encinitas, CA 92024
534 Ocean View Avenue, Encinitas, CA 92024
Property Description
Situated on the highly sought-after west side of Ocean View Avenue in the heart of coastal Leucadia, 534 Ocean View Avenue presents a rare opportunity to own one of the area's last large infill properties. Set on approximately 0.74 acres, the property features an existing 3-bedroom, 2-bath home with ocean views, offering immediate enjoyment, rental income, or renovation potential while preserving significant future upside. The site is approved for a 2-lot subdivision with the Final Map in process and grading approval anticipated in Q4 2026, creating a unique opportunity for a luxury estate, family compound, or future development. Just minutes from beaches, Highway 101, restaurants, shopping, and top-rated schools, properties of this size, location, and entitlement status are rarely available in Leucadia.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Encinitas · Single Family Residence
Listed in line with the median closed sale of $4,872,000. Price per sqft ($3,695) is a 125% premium to closed comps ($1,645). Closed comps sold at 103% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1477 Neptune Avenue | Encinitas | 2001 | 4 | 3 | 2,382 | 8,238 | $1,816 | $4.33M | 182 | 58 |
| 951 Neptune Avenue | Encinitas | 1985 | 6 | 5 | 3,777 | 6,343 | $1,296 | $4.89M | 61 | 52 |
| 141 Leucadia Blvd | Encinitas | 2018 | 4 | 5 | 2,934 | 7,000 | $1,839 | $5.39M | 48 | 46 |
| 1341 Berryman Canyon Road | Encinitas | 2026 | 5 | 5 | 5,064 | 30,927 | $848 | $4.29M | 32 | 37 |
| 1632 Brahms | Cardiff by the Sea | 1992 | 4 | 4 | 3,934 | 6,583 | $1,346 | $5.29M | 86 | 21 |
| Total: 5 · Average | 4.6 | 4.4 | 3,618.2 | 11,818.2 | $1,429 | $4.84M | 81.8 | |||
| Median | 3,777 | $4.89M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 498 Neptune | Encinitas | 1984 | 05/15/2026 | 3 | 2 | 1,800 | 6,437 | $5.15M | $4.87M | $2,707 | 0.95 | 66 | 62 |
| 1042 Hymettus Avenue | Encinitas | 1981 | 06/10/2026 | 3 | 3 | 3,336 | 30,056 | $4.40M | $5.34M | $1,600 | 1.21 | 43 | 59 |
| 374 Fulvia Street | Encinitas | 2019 | 04/27/2026 | 4 | 5 | 3,798 | 8,276 | $4.70M | $4.83M | $1,273 | 1.03 | 31 | 47 |
| 223 El Portal Street | Encinitas | 2025 | 02/13/2026 | 5 | 6 | 3,579 | 3,979 | $5.35M | $5.35M | $1,495 | 1.00 | 0 | 43 |
| 1007 Eolus Avenue | Encinitas | 1961 | 06/25/2026 | 7 | 5 | 4,008 | 19,602 | $4.79M | $4.60M | $1,148 | 0.96 | 83 | 40 |
| Total: 5 · Average | 4.4 | 4.2 | 3,304.2 | 13,670 | $5.00M | $5.00M | $1,644.6 | — | 44.6 | ||||
| Median | 3,579 | $4.87M | $4.87M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.