Seller's Agent in 2025
Kyle Murphy
Coldwell Banker Realty
(760) 420-6581
18 in this area
116 Total Sales
1046-48 Neptune Ave Encinitas, CA 92024
--
Bed
--
Bath
3,421
Sq Ft
9,233
Sq Ft Lot
Highlights
- Beach Front
- White Water Ocean Views
- Fishing
- Paul Ecke-Central Elementary Rated A
- Property has ocean access
- Fireplace in Primary Bedroom
About This Home
As of June 2025First time on the market, here is your opportunity to enjoy endless panoramic ocean views, beautiful sunsets, nice ocean breezes, and daily dolphin shows from the comfort of your living room. This spectacular home was designed, built, and has been lovingly cared for by legendary surfer and waterman Kit Horn and his wife Gwen. Kit, known for being a big wave surfing pioneer in California and Hawaii, chose this place to call home and raise his family. Gwen designed this unique “New England Cape Cod Style” ocean front home, which has private stairs down a gently sloping bluff to the beach. Nearly a quarter acre, this property offers 50 feet of beach frontage. The main level of the home is highlighted by an oversized great room with breathtaking ocean views on one side and a beautiful rock fireplace on the other flanked by wood bookshelves. There is an additional fireplace located in the kitchen/breakfast eating area. The expansive primary bedroom that measures 40’ x 16’ offers a fireplace, wood ceiling that peaks at 13’ high, and multiple sliders leading to your expansive deck looking west. The second floor also included a large primary bath and secondary bedroom. The wood ceilings and skylights add to this distinctive home. Included with this home is an oversize additional unit with a fireplace, full kitchen, and tall wood ceiling. Both units are under the same roof so this could be reconfigured easily to join the main house. This beautiful home is positioned over looking the Beacons “North Reef” surf break and is near the vibrant 101 Corridor with numerous outstanding restaurants, pubs, and eclectic shops. You’ll enjoy long strolls on the sand, surfing fun waves, and countless sunsets. Living here makes you never want to leave home.
Last Agent to Sell the Property
Coldwell Banker Realty Brokerage Email: kyle@dirtrealtor.com License #01847767 Listed on: 06/04/2024
Co-Listed By
Coldwell Banker Realty Brokerage Email: kyle@dirtrealtor.com License #00887068
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,523
Year Built
- Built in 1974
Lot Details
- 9,233 Sq Ft Lot
- Lot Dimensions are 53' x 194' x 50' x 175'
- Beach Front
- 1 Common Wall
- West Facing Home
Parking
- 3 Car Garage
Property Views
- White Water Ocean
- Coastline
- Panoramic
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- Fireplace in Primary Bedroom
- 3,421 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Fireplace in Kitchen
Laundry
- Laundry Room
- Laundry in Garage
Additional Features
- Property has ocean access
- Forced Air Heating System
Listing and Financial Details
- Tax Lot 19084
- Tax Tract Number 1859
- Assessor Parcel Number 2542912300
Community Details
Overview
- No Home Owners Association
- 2 Units
Recreation
- Fishing
- Water Sports
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2024
Closed on
May 9, 2025
Sold by
Horn Living Trust and Foreman Pamela Anne
Bought by
Brem Monte
Seller's Agent
Kyle Murphy
Coldwell Banker Realty
Buyer's Agent
Kara Brem
Windermere Real Estate
List Price
$7,850,000
Sold Price
$6,500,000
Premium/Discount to List
-$1,350,000
-17.2%
Views
231
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,531,548
Avg. Annual Appreciation
-61.37%
Original Mortgage
$4,550,000
Outstanding Balance
$4,544,275
Interest Rate
4.75%
Mortgage Type
New Conventional
Estimated Equity
$436,108
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $6,500,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,550,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/11/2025 06/11/25 | Sold | $6,500,000 | -7.1% | $1,900 / Sq Ft |
| 05/06/2025 05/06/25 | Pending | -- | -- | -- |
| 04/24/2025 04/24/25 | Price Changed | $6,995,000 | -7.4% | $2,045 / Sq Ft |
| 03/12/2025 03/12/25 | Price Changed | $7,550,000 | -3.8% | $2,207 / Sq Ft |
| 06/04/2024 06/04/24 | For Sale | $7,850,000 | -- | $2,295 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,523 | $330,415 | $92,382 | $238,033 |
| 2024 | $4,523 | $323,937 | $90,571 | $233,366 |
| 2023 | $4,322 | $317,587 | $88,796 | $228,791 |
| 2022 | $4,167 | $311,360 | $87,055 | $224,305 |
| 2021 | $4,047 | $305,256 | $85,349 | $219,907 |
| 2020 | $3,937 | $302,127 | $84,474 | $217,653 |
| 2019 | $3,869 | $296,204 | $82,818 | $213,386 |
| 2018 | $3,804 | $290,397 | $81,195 | $209,202 |
| 2017 | $191 | $284,703 | $79,603 | $205,100 |
| 2016 | $3,645 | $279,122 | $78,043 | $201,079 |
| 2015 | $3,541 | $274,930 | $76,871 | $198,059 |
| 2014 | $3,427 | $269,546 | $75,366 | $194,180 |
Source: Public Records
Agents Affiliated with this Home
-
Kyle Murphy
-
Janet McCollough
Seller Co-Listing Agent in 2025
Janet McCollough
Coldwell Banker Realty
(760) 613-5263
14 in this area
71 Total Sales
-
Kara Brem
Buyer's Agent in 2025
Kara Brem
Windermere Real Estate
(831) 818-3050
3 in this area
34 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2404822
APN: 254-291-23
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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