$4,599,000
PENDING

Estimated payment $25,670/month

Total Views 33,721
-- Bed
-- Bath
3,947 Sq Ft
$1,165 Price per Sq Ft

Highlights

  • Property is near park and public transit
  • Private Yard
  • Laundry Room
  • Paul Ecke-Central Elementary Rated A
  • No HOA
  • Landscaped

About This Home

LOCATION, LOCATION, LOCATION! Look no further in your search for a luxury lifestyle west of the 5 in the wonderful beach community of Encinitas. Welcome to the extraordinary property that is 614 Ocean View Avenue, an exquisite residence, boasting a generous lot zoned R3 and a rare canvas for an elegant, sophisticated living and enhancement opportunity. This beautiful property offers an open floor plan containing panoramic ocean views, two oversized private decks, a large modern kitchen with leathered granite counters and a cook island, dining and siting area, primary bedroom and bathroom including a stand alone tub, not to mention two additional generously sized ensuite bedrooms and bathrooms. The existing home no doubt provides refined luxury, and as a bonus, the property includes an income-generating Junior Suite ADU with private entrance. And calling all car enthusiasts, there is an attached 3 car garage plus two additional smaller garages opened up to an expansive driveway. All this paired with a substantial land component unlocks unparalleled potential. Envision the possibilities for a second primary residence as a stand alone masterpiece. This lot offers great potential for an accessory unit, allowing the discerning buyer to retain a private sanctuary, or find value through additional income. To reiterate, the R3 zoning bestows exceptional flexibility, and potential permits granting the creation of multiple primary residences on this expansive parcel. For the owner, this translates to the ability to preserve the current estate as a personal retreat, or expand the income-generating haven by developing and marketing a second home independently. A truly rare proposition that elevates the property beyond conventional luxury offerings, delivering both immediate lifestyle refinement and profound long-term equity potential in this sought-after locale. At the heart of this distinguished offering lies the land’s inherent prestige and versatility. The live-in luxury gives way to the buyer turning their vacation into an every day lifestyle. The property’s true worth is amplified by its development prospects, affording the opportunity to design and sell a separate, stand alone residence while maintaining the original home’s grace. This configuration represents a sophisticated investment in legacy living, where architectural vision meets exceptional return in one of California’s most exclusive markets, in one of California’s most sought after neighborhoods. WELCOME HOME!

Listing Agent

Wendy Denny

Compass Brokerage Phone: 760-908-3294 License #01878821 Listed on: 03/25/2026

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2014

Lot Details

  • 22,216 Sq Ft Lot
  • No Common Walls
  • Rural Setting
  • Landscaped
  • Private Yard
  • Garden
  • Back and Front Yard
  • Value in Land

Parking

  • 3 Car Garage

Home Design

  • Patio Home
  • Entry on the 1st floor

Interior Spaces

  • 3,947 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Location

  • Property is near park and public transit

Utilities

  • Central Air
  • No Heating

Listing and Financial Details

  • Tax Lot 1008
  • Tax Tract Number 1791
  • Assessor Parcel Number 2561516500

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $1,000
  • New Taxes Expense $10
  • Operating Expense $3,200
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2014

Lot Details

0.51 Acres

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 12.00
  • Property Attached: No
  • View: No
  • Zoning: R3
  • Property Type: Residential Income
  • Parcel Number: 2561516500
  • Year Built: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 1165.19

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Land Lease: No
  • Lot Features: Patio Home, Landscaped, Near Public Transit, Park Nearby, Garden, Front Yard, Back Yard, Lot 20000-39999 Sqft, Yard, Value In Land
  • Lot Size Sq Ft: 22216.00
  • Lot Size Acres: 0.5100

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 1000.00
  • Lot Size Area: 22216.0000 Square Feet
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Number With Disposal: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: No
  • Total Expenses: 3200.00

Tax Info

  • New Taxes Expense: 10.00
  • Tax Lot: 1008
  • Tax Tract Number: 1791

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $15,444 $1,437,890 $797,997 $639,893
2024 $15,444 $1,409,697 $782,350 $627,347
2023 $15,043 $1,382,057 $767,010 $615,047
2022 $14,712 $1,354,959 $751,971 $602,988
2021 $14,493 $1,328,392 $737,227 $591,165
2020 $14,281 $1,314,772 $729,668 $585,104
2019 $13,990 $1,288,993 $715,361 $573,632
2018 $13,718 $1,263,720 $701,335 $562,385
2017 $13,474 $1,238,942 $687,584 $551,358
2016 $13,047 $1,214,650 $674,102 $540,548
2015 $12,837 $1,196,406 $663,977 $532,429
2014 $12,198 $1,131,164 $650,971 $480,193
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2026 04/16/26 Pending -- -- --
03/25/2026 03/25/26 For Sale $4,599,000 -- $1,165 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Company
Grant Deed -- First American Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $539,000 New Conventional
Previous Owner $920,000 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2602826

California Regional Multiple Listing Service (CRMLS)

APN: 256-151-65

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