185 Saxony Rd Encinitas, CA 92024
Central Encinitas NeighborhoodEstimated payment $118,920/month
About This Home
Kidder Mathews is proud to exclusively offer for sale this fully renovated, 32-unit luxury apartment community in the heart of coastal Encinitas. Nestled in one of North San Diego County’s most coveted beachside enclaves—just 0.8 miles from Moonlight State Beach and under 1 mile from Downtown Encinitas’ bustling shops, restaurants, and surf culture— The Gemma delivers an irreplaceable walk-to-everything lifestyle in a market with virtually no new supply. This turn-key trophy asset has undergone a complete 2025 renovation to institutional standards, featuring all-new quartz countertops, fully renovated kitchens and bathrooms, luxury vinyl plank flooring, new AC units, a brand-new roof, and full re-plumbing with new water supply lines in every unit. The freshly painted exterior enhances curb appeal, while 13 spacious two-bedroom, two-bath townhomes and 19 one bedroom, one-bath flats (32 units total) deliver a highly desirable, family-friendly mix commanding premium coastal rents. With quality post renovation systems installed, minimal near-term CapEx, and Encinitas vacancy below 2.5%, The Gemma offers immediate stabilized cash flow, organic rent growth, and long-term appreciation in a submarket where median home prices exceed $2.1M. This rare offering combines 2025-renovated luxury, proven coastal demand, and embedded upside—a true core-plus investment in the crown jewel of North County.
Listing Agent
Ray Adams Investment Real Estate Inc License #00989238 Listed on: 05/04/2026
Property Details
Home Type
- Multi-Family
Home Design
Interior Spaces
- 45 Bedrooms
- 18,690 Sq Ft Home
- 2-Story Property
Community Details
Overview
- 7 Buildings
- 32 Units
Building Details
- Operating Expense $341,850
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $146,984 | $13,161,060 | $7,594,920 | $5,566,140 |
| 2025 | $146,984 | $12,903,000 | $7,446,000 | $5,457,000 |
| 2024 | $60,282 | $4,975,037 | $3,041,509 | $1,933,528 |
| 2023 | $58,105 | $4,877,488 | $2,981,872 | $1,895,616 |
| 2022 | $56,003 | $4,781,852 | $2,923,404 | $1,858,448 |
| 2021 | $57,021 | $4,688,091 | $2,866,083 | $1,822,008 |
| 2020 | $56,917 | $4,640,021 | $2,836,695 | $1,803,326 |
| 2019 | $55,873 | $4,549,041 | $2,781,074 | $1,767,967 |
| 2018 | $56,425 | $4,459,845 | $2,726,544 | $1,733,301 |
| 2017 | $55,579 | $4,372,398 | $2,673,083 | $1,699,315 |
| 2016 | $53,844 | $4,286,666 | $2,620,670 | $1,665,996 |
| 2015 | $53,219 | $4,222,278 | $2,581,306 | $1,640,972 |
| 2014 | $52,778 | $4,139,570 | $2,530,742 | $1,608,828 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/04/2026 05/04/26 | For Sale | $20,100,000 | -- | $1,075 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $12,650,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Grant Deed | $3,450,000 | First American Title | |
| Deed | $190,000 | -- | |
| Deed | $316,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $9,000,000 | New Conventional | |
| Previous Owner | $5,500,000 | Commercial | |
| Previous Owner | $4,200,000 | Negative Amortization | |
| Previous Owner | $275,000 | Commercial | |
| Previous Owner | $3,070,000 | Commercial | |
| Previous Owner | $2,300,000 | Commercial | |
| Previous Owner | $1,275,000 | Commercial |
Source: San Diego MLS
MLS Number: 260010705
APN: 258-111-03-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, noncommercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly
prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS.
- 103 Mangano Cir
- 110 Mangano Cir Unit 67
- 108 Mangano Cir
- 502 Kristen Ct
- 0 Mays Hollow Ln
- 572 Beach St
- 1176 Quail Gardens Ct
- 633 Manzanita Ln
- 406 Paseo Pacifica
- 97 N Vulcan Ave Unit 3
- 381 Playa Blanca
- 212 Gloxina St
- 405 Requeza St Unit H12
- 760 Encinitas Blvd Unit 101
- 722 Piedras Oro Calle Unit 7
- 714 Piedras Oro Calle
- 627 Ezee St
- 735 Cornish Dr
- 519 Quail Gardens Dr Unit 519A
- 215 N Vulcan Ave
- 536 Quail Point Quail Pointe Ln
- 116 Quail Gardens Dr
- 662 Sweet Pea Place
- 641 Sweet Pea Place Unit SI FL1-ID1559840P
- 621 Sweet Pea Place
- 155 Quail Gardens Dr
- 598 Sweet Pea Place Unit SI FL1-ID1559833P
- 525 Summer View Cir Unit Encinitas Gem
- 549 San Dieguito Dr Unit SI ID1048650P
- 454 Requeza St
- 653 Beach St
- 101 N Vulcan Ave
- 341 Calle de Adele
- 705 Arden Dr
- 820 Encinitas Blvd Unit 201
- 763 Snapdragon St
- 604 Camino de Orchidia
- 606 Camino de Orchidia
- 687 S Coast Highway 101 Unit 302
- 513 3rd St Unit Main
Ask me questions while you tour the home.