$10,300,000
SOLD MAR 22, 2022

824 Neptune Ave Encinitas, CA 92024

5 Beds
5.5 Baths
4,430 Sq Ft
0.25 Acres

Recently Sold

$2,325 Per Sq Ft

5% Below List Price

249 Days on Market

Highlights

  • Ocean Front
  • Spa
  • Deck
  • Paul Ecke-Central Elementary Rated A
  • No Units Above
  • No HOA

About This Home

As of March 2022

Never ending ocean views take center stage in this contemporary cliffside stunner. Perched on the bluff of Leucadia's famed Neptune Avenue, this 2016 built, and never lived in home is protected from coastal erosion by upper and lower engineered sea walls. Three cars can be housed within the finished garage thanks to the automatic lift that will tuck a prize vehicle down in the basement. A smart floor plan utilizes every ounce of ocean view in a premium property that is tailor made for enertaining in style. Frameless glass doors seamlessly connect the chic interior to the limestone-tiled terrace. Walnut cabinets & Miele appliances shine thanks to underlit quartzite counters in the sharp kitchen.Dual masters suites offer whitewater views through glass-railed balconies.This 3 story home with glass elevator hides a rare finished basement.Just steps to Beacons Beach and Highway 101 where dining & entertainment options are in abundance.

Last Agent to Sell the Property

DeeDee Kirsch

Compass License #01361244 Listed on: 06/21/2021

Compass

Last Buyer's Agent

Guy Ravid

Douglas Elliman of California, Inc. License #02131934

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $114,487

Year Built

  • Built in 2016

Lot Details

  • 0.25 Acre Lot
  • Ocean Front
  • No Units Located Below
  • Sprinkler System
  • Property is zoned R-1:Single Fam-Res

Parking

  • 3 Car Attached Garage
  • 2 Open Parking Spaces
  • Attached Carport
  • Parking Available
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • Automatic Gate

Property Views

  • Ocean
  • Panoramic
  • Bluff

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 4,430 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Basement

Kitchen

  • <<doubleOvenToken>>
  • <<builtInRangeToken>>
  • <<microwave>>
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Stone Porch or Patio
  • Fire Pit

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Tax Tract Number 19084
  • Assessor Parcel Number 2610111800

Community Details

Overview

  • No Home Owners Association

Recreation

  • Dog Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$114,487

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Security: Automatic Gate
  • Subdivision Name Other: LEUCADIA
  • View: Yes
  • Zoning: R-1:Single Fam-Res
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2610111800
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4430.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 3
  • Common Walls: No One Above, No One Below
  • Flooring: Carpet, Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Fire Pit
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 2325.06
  • Room Type: Basement

Exterior Features

  • Patio: Yes
  • View: Ocean, Panoramic
  • Fence: No
  • Patio And Porch Features: Deck, Stone
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Attached Carport, Driveway, Garage Faces Front, Garage Door Opener
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Double Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Electric Dryer Hookup, Individual Room, Gas Dryer Hookup
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park

Schools

  • School District: San Dieguito Union

Lot Info

  • Land Lease: No
  • Lot Features: Bluff
  • Lot Size Sq Ft: 10954.00
  • Lot Size Acres: 0.2515

Multi Family

  • Lease Considered: No
  • Lot Size Area: 10954.0000 Square Feet
  • Number Of Units In Community: 1
  • Waterfront Features: Ocean Front

Tax Info

  • Tax Tract Number: 19084

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2021
Closed on
Mar 15, 2022
Sold by
L Cohen Llc
Bought by
3 Ca Grizzly Llc
Seller's Agent
DeeDee Kirsch
Compass
Buyer's Agent
Guy Ravid
Douglas Elliman of California, Inc.
List Price
$10,895,000
Sold Price
$10,300,000
Premium/Discount to List
-$595,000
-5.46%
Current Estimated Value
$8,073,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,226,306
Avg. Annual Appreciation
-7.07%
Original Mortgage
$6,180,000
Outstanding Balance
$5,821,349
Interest Rate
3.85%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,252,345

Purchase Details

Listed on
Jul 27, 2018
Closed on
Sep 12, 2018
Sold by
Okun Leonard M
Bought by
L Cohen Llc
Seller's Agent
Kelly Kohler
Century 21 Affiliated
Buyer's Agent
Rita Boren ,CRS, GRI
Windermere S. V. P.
List Price
$8,800,000
Sold Price
$8,500,000
Premium/Discount to List
-$300,000
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%

Purchase Details

Closed on
May 11, 2017
Sold by
Okun Leonard M
Bought by
Okun Leonard M and Leonard M Okun Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.14%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $10,300,000 First American Title
Grant Deed $8,500,000 First American Title
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,180,000 Credit Line Revolving
Previous Owner $2,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $10,300,000 -5.5% $2,325 / Sq Ft
02/25/2022 02/25/22 Pending -- -- --
06/21/2021 06/21/21 For Sale $10,895,000 +28.2% $2,459 / Sq Ft
10/09/2018 10/09/18 Sold $8,500,000 -3.4% $1,919 / Sq Ft
09/08/2018 09/08/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $8,800,000 -- $1,986 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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
2024 $114,487 $10,716,120 $9,363,600 $1,352,520
2023 $103,091 $9,681,000 $8,459,000 $1,222,000
2022 $95,128 $8,935,015 $7,673,602 $1,261,413
2021 $93,871 $8,759,820 $7,523,140 $1,236,680
2020 $92,632 $8,670,000 $7,446,000 $1,224,000
2019 $90,721 $8,500,000 $7,300,000 $1,200,000
2018 $14,942 $1,339,947 $136,347 $1,203,600
2017 $14,684 $1,313,674 $133,674 $1,180,000
2016 $8,678 $757,034 $132,034 $625,000
2015 $1,496 $80,802 $80,802 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2107157

California Regional Multiple Listing Service (CRMLS)

APN: 256-011-18