Seller's Agent in 2026
Walter Shaffer
Walter Bert Shaffer, Broker
(760) 487-1800
1 in this area
5 Total Sales
498 Neptune Ave Encinitas, CA 92024
Central Encinitas Neighborhood
3
Beds
2
Baths
1,800
Sq Ft
6,437
Sq Ft Lot Lot
Highlights
- Ocean Front
- Updated Kitchen
- Private Yard
- Paul Ecke-Central Elementary Rated A
- Deck
- No HOA
About This Home
As of May 2026Waiting for you in the coastal resort town of Encinitas is this little bit of an Pacific ocean Paradise. Tastefully remodeled and modernly elegant, this 3 bedroom, 2 bath 1800square foot oceanfront home offers unfettered whitewater ocean views on one of the most prestigious streets in North San Diego County. It’s like a permanent vacation when you step through the front door and literally leave the world behind you. Whether you want to surf or sip wine this property has what you have always dreamed of. ************************************************************************************************************************************************************************************ This property is protected by a fully engineered, Coastal Commission approved lower seawall and upper bluff retention system, an amenity that cannot be duplicated ever again.
Last Agent to Sell the Property
Walter Bert Shaffer, Broker Brokerage Email: walterbshaffer@aol.com License #00875202 Listed on: 03/10/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1984
Lot Details
- 6,437 Sq Ft Lot
- Lot Dimensions are 157 x 041
- Ocean Front
- Home fronts a seawall
- Southwest Facing Home
- Glass Fence
- Brick Fence
- Fence is in excellent condition
- Drip System Landscaping
- Sprinkler System
- Private Yard
- Back Yard
Parking
- 1 Car Attached Garage
- 2 Open Parking Spaces
Property Views
- White Water Ocean
- Coastline
- Panoramic
- Bluff
Home Design
- Entry on the 1st floor
- Turnkey
- Pillar, Post or Pier Foundation
- Raised Foundation
- Fire Rated Drywall
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,800 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Sliding Doors
- Living Room with Fireplace
- Dining Room
- Vinyl Flooring
Kitchen
- Updated Kitchen
- Double Oven
- Gas Oven or Range
- Built-In Range
- Range Hood
- Microwave
- Freezer
- Dishwasher
- Pots and Pans Drawers
- Utility Sink
- Disposal
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Remodeled Bathroom
- 2 Full Bathrooms
- Walk-in Shower
Laundry
- Laundry Room
- Dryer
- Washer
- 220 Volts In Laundry
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Deck
- Covered Patio or Porch
- Outdoor Grill
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- 220 Volts
- 220 Volts in Garage
- 220 Volts in Kitchen
- High-Efficiency Water Heater
- Gas Water Heater
- Central Water Heater
- Cable TV Available
Additional Features
- No Interior Steps
- ENERGY STAR Qualified Equipment
Listing and Financial Details
- Tax Tract Number 19079
- Assessor Parcel Number 2562610500
- Tax Block 177.02
Community Details
Overview
- No Home Owners Association
- Seacoast Preservation Association
Recreation
- Water Sports
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 10, 2026
Closed on
Apr 27, 2026
Sold by
Paul Oakley and Oakley Family Trust
Bought by
Rlj Holdings Llc
Seller's Agent
Walter Shaffer
Walter Bert Shaffer, Broker
Buyer's Agent
Joseph Arendsen
Compass
List Price
$5,150,000
Sold Price
$48,720,000
Premium/Discount to List
$43,570,000
846.02%
Views
116
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%
Purchase Details
Closed on
Jan 21, 2021
Sold by
Oakley Paul and Neighbors Laurie Jean
Bought by
Oakley Paul and The Oakley Family Trust
Purchase Details
Closed on
Nov 11, 2020
Sold by
Oakley Merri Beth
Bought by
Oakley Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 29, 2020
Sold by
Oakley Paul and The Oakley Family Trust
Bought by
Oakley Paul and Neighbors Laurie Jean
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,050,000
Interest Rate
6.5%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
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 | $4,872,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | Pacific Coast Title | |
| Interfamily Deed Transfer | -- | Pacific Coast Title Company | |
| Interfamily Deed Transfer | -- | Vantage Point Title Inc | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
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 |
|---|---|---|---|
| Previous Owner | $2,050,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2026 05/15/26 | Sold | $48,720,000 | +846.0% | $27,067 / Sq Ft |
| 04/09/2026 04/09/26 | Pending | -- | -- | -- |
| 03/10/2026 03/10/26 | For Sale | $5,150,000 | -- | $2,861 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $17,085 | $1,546,884 | $1,425,826 | $121,058 |
| 2024 | $16,438 | $1,516,554 | $1,397,869 | $118,685 |
| 2023 | $16,032 | $2,222,164 | $2,078,437 | $143,727 |
| 2022 | $23,238 | $2,178,593 | $2,037,684 | $140,909 |
| 2021 | $7,791 | $708,286 | $634,518 | $73,768 |
| 2020 | $7,771 | $701,024 | $628,012 | $73,012 |
| 2019 | $7,616 | $687,280 | $615,699 | $71,581 |
| 2018 | $7,608 | $673,805 | $603,627 | $70,178 |
| 2017 | $7,477 | $660,594 | $591,792 | $68,802 |
| 2016 | $7,275 | $647,642 | $580,189 | $67,453 |
| 2015 | $7,158 | $637,915 | $571,475 | $66,440 |
| 2014 | $6,974 | $625,420 | $560,281 | $65,139 |
Source: Public Records
Agents Affiliated with this Home
-
Walter Shaffer
-
Joseph Arendsen
Buyer's Agent in 2026
Joseph Arendsen
Compass
(888) 503-3117
7 in this area
154 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2602262
APN: 256-261-05
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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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