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 179.8% above the median closed sale of $1,785,000. Price per sqft ($3,695) is a 206% premium to closed comps ($1,209). Closed comps sold at 102% of list — strong seller's market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3681 Manchester Avenue | Encinitas | 1978 | 4 | 2 | 1,536 | 48,351 | $2,864 | $4.40M | 72 | 79 |
| 2115 Encinitas Boulevard | Encinitas | 1976 | 3 | 2 | 1,623 | 23,522 | $1,140 | $1.85M | 44 | 67 |
| 449 Alviso Way | Encinitas | 1986 | 3 | 2 | 1,368 | 12,458 | $1,458 | $2.00M | 7 | 65 |
| 5871 Camino El Dorado | Encinitas | 1960 | 3 | 3 | 1,866 | 21,780 | $938 | $1.75M | 51 | 62 |
| 1547 Neptune | Encinitas | 1956 | 3 | 2 | 1,679 | 6,098 | $2,055 | $3.45M | 130 | 55 |
| Total: 5 · Average | 3.2 | 2.2 | 1,614.4 | 22,441.8 | $1,691 | $2.69M | 60.8 | |||
| Median | 1,623 | $2.00M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 697 Ocean View Avenue | Encinitas | 1953 | 09/15/2026 | 3 | 2 | 1,670 | 22,215 | $1.60M | $1.60M | $958 | 1.00 | 56 | 68 |
| 939 OCEAN VIEW Avenue | Encinitas | 1957 | 09/17/2026 | 3 | 2 | 1,210 | 10,890 | $1.75M | $1.80M | $1,488 | 1.03 | 21 | 63 |
| 141 Solace Court | Encinitas | 1973 | 07/09/2026 | 3 | 2 | 1,327 | 6,200 | $1.68M | $1.75M | $1,319 | 1.04 | 29 | 61 |
| 1404 Avenida De Las Adelsas | Encinitas | 1976 | 08/26/2026 | 3 | 2 | 1,517 | 10,890 | $1.79M | $1.78M | $1,177 | 0.99 | 71 | 60 |
| 742 Doris Drive | Encinitas | 1974 | 08/14/2026 | 3 | 2 | 1,633 | 10,890 | $1.70M | $1.80M | $1,102 | 1.06 | 36 | 59 |
| Total: 5 · Average | 3.0 | 2.0 | 1,471.4 | 12,217 | $1.75M | $1.75M | $1,208.8 | — | 42.6 | ||||
| Median | 1,517 | $1.78M | $1.78M | ||||||||||
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.