$8,500,000
SOLD OCT 9, 2018

824 Neptune Ave Encinitas, CA 92024

5 Beds
5.5 Baths
4,430 Sq Ft
0.25 Acres

Recently Sold

$1,919 Per Sq Ft

3% Below List Price

43 Days on Market

Highlights

  • White Water Ocean Views
  • Wine Cellar
  • Sauna
  • Paul Ecke-Central Elementary Rated A
  • Home Theater
  • Open Floorplan

About This Home

As of March 2022

Rare new construction plus fully engineered upper & lower seawalls, only 7 houses to Beacons beach access. Savor the surf & beach from the 2,000 sqft ocean terrace or the private balcony off the luxurious master. Frameless glass doors leading out the terrace allows for an indoor outdoor lifestyle. Imagine yourself languishing around the large outdoor fire pit while marveling at the sunset. Easy living, this 3 story home lives like a single story, use the glass elevator with 3 story custom mosaic backdrop. Luxurious appointments abound in ideal harmony and inspires the senses with glowing Quartzite kitchen counters, mother of pearl wall, 24’ crystal chandelier, and limestone floors. The best of the natural world and technology has been thoughtfully entwined to create an elegant environment to soothe the soul. Your every comfort has been considered with full automaton Crestron System which includes; audio, visual, HVAC, electric shades, lighting, surveillance and security. Designated movie room could double as a man cave, teen room or sports den. Each bathroom has meticulously chosen custom tile, lighting, fixtures, and showers, two with steam showers! For the wine connoisseur, you’ll appreciate the temperature controlled wine cellar. Pick your favorite bottle and toast the good life while savoring the amazing coastal lifestyle. For the cook, you’ll revel in the extraordinary and exquisite details of the kitchen blending wood and under lit quartzite. Automatic SieMatic Walnut cabinets and Miele appliances create a seamless environment to create your meals and entertain with ease and grace. For the car aficionado, the gated driveway leads to a 2 car garage, that expands to 3 with a car lift system.Put the weekend convertible away until it’s time for drive down the coast, to one of the nearby restaurants or jump on a jet at nearby Palomar Airport, less than 15 minutes away.. Neighborhoods: Neptune Equipment: Garage Door Opener Other Fees: 0 Sewer: Sewer Connected...

Last Agent to Sell the Property

Kelly Kohler

Century 21 Affiliated License #01981011 Listed on: 07/27/2018

Century 21 Affiliated

Co-Listed By

Julie Dakin

Compass License #01986568

Last Buyer's Agent

Rita Boren ,CRS, GRI

Windermere S. V. P. License #00406616

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $114,487

Year Built

  • Built in 2016

Lot Details

  • 0.25 Acre Lot
  • Drip System Landscaping
  • Sprinkler System

Parking

  • 2 Open Parking Spaces
  • 3 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Contemporary Architecture
  • Turnkey
  • Stucco

Interior Spaces

  • 4,430 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Tray Ceiling
  • Recessed Lighting
  • Wine Cellar
  • Family Room with Fireplace
  • Great Room
  • Home Theater
  • Home Office
  • Library
  • Loft
  • Bonus Room
  • Sauna
  • Stone Flooring
  • White Water Ocean Views
  • Basement

Kitchen

  • Eat-In Kitchen
  • <<doubleOvenToken>>
  • <<microwave>>
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Retreat
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dressing Area

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Home Security

  • Home Security System
  • Smart Home

Outdoor Features

  • Balcony
  • Patio
  • Lanai
  • Fire Pit

Utilities

  • Two cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Community Fire Pit

Listing and Financial Details

  • Assessor Parcel Number 2560111800

Home Details

Home Type

Single Family

Est. Annual Taxes

$114,487

Year Built

Built in 2016

Lot Details

0

Parking

3

Listing Details

  • Property Attached: No
  • Security: Security System
  • Subdivision Name Other: Neptune
  • View: Yes
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2560111800
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 4430.00
  • Interior Amenities: Balcony, Built-in Features, Home Automation System, Open Floorplan, Recessed Lighting, Tray Ceiling(s)
  • Stories: 3
  • Flooring: Stone
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Eating Area: Area
  • Fireplace Features: Family Room, Master Bedroom, Fire Pit
  • Levels: Three Or More
  • Price Per Square Foot: 1918.74
  • Room Type: Basement, Bonus Room, Den, Family Room, Great Room, Library, Loft, Retreat, Office, Sauna, Wine Cellar, Master Bedroom, Dressing Area, Home Theatre, Laundry, Master Bathroom, Walk-In Closet

Exterior Features

  • Patio: Yes
  • View: Ocean, White Water
  • Patio And Porch Features: Lanai
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Double Oven
  • Heating Type: Natural Gas, Fireplace(s), Forced Air
  • Laundry Features: Gas Dryer Hookup, Individual Room
  • Cooling: Central Air, Dual
  • Cooling: Yes

Condo/Co-op/Association

  • Amenities: Fire Pit

Lot Info

  • Lot Features: Sprinklers Drip System
  • Lot Size Sq Ft: 10954.00

Multi Family

  • Lot Size Area: 10954.0000 Square Feet

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: 180041652

California Regional Multiple Listing Service (CRMLS)

APN: 256-011-18