NOT LISTED FOR SALE

Estimated Value: $6,678,000 - $13,275,782

5 Beds
5.5 Baths
5,540 Sq Ft
$1,801/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2023

Last sale price $11,500,000 $2,076 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $65,302 / mo

43 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Exercise
  • Paul Ecke-Central Elementary Rated A
  • Home Theater
  • Sauna

About This Home

As of September 2023

Built from the ground up in 2016 with one of the largest oceanfront backyards in Encinitas with upper and lower sea wall framed in steel and concrete, 828 Neptune is not only a beautiful Tuscan estate perched atop one of the most magnificent strips of California coastline, it is one of the best constructed oceanfront sites in all of Encinitas. This 3 story, home features a custom wrought iron spiral staircase with a statement 27 foot Bocci glass chandelier, solid walnut plank flooring, Soffit ceilings, Venetian plaster wall finish with crown molding throughout, home theatre perfect for entertaining and frameless glass doors looking out to unobstructed Pacific Ocean views! The kitchen was designed by world-renowned Kitchen Expo - Rich Famie fully equipped with Wolf appliances, cherrywood cabinets, Phylrich & Hansgrohe oil rubbed bronze plumbing fixtures and Madagascar stone countertops with natural curves inspired by those of the ocean. The primary retreat is situated on the top floor overlooking the ocean with a spa-like primary bath featuring heated floors, towel heaters, a steam shower, jetted tub and sauna. From the atmospheric variable color change lighting throughout to the elevator with changing mosaic art on each floor (designed by Rick Sakalic); this home is not only a work of art but also inspired by the majestic beauty of its natural coastal surroundings with modern luxury conveniences. The home has a full home automation system to manage lighting, security, surveillance, audio/visual and window shades and a 3 car garage with a lift. This property is truly one of a kind in a prime location offering a lifestyle that is coveted by most but attained by few.

Last Agent to Sell the Property

Julie Dakin

Compass License #01986568 Listed on: 06/16/2023

Compass

Co-Listed By

Seth O'Byrne

Compass License #01463479

Last Buyer's Agent

Julianna Arrant

Pacific Sotheby's Int'l Realty License #01989486

Pacific Sotheby's Int'l Realty

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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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 11,269 Sq Ft Lot
  • Waterfront
  • Property is zoned R1

Parking

  • 3 Car Attached Garage
  • 2 Open Parking Spaces

Property Views

  • Ocean
  • Panoramic
  • Bluff

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 5,540 Sq Ft Home
  • 3-Story Property
  • Wine Cellar
  • Family Room with Fireplace
  • Home Theater
  • Bonus Room with Fireplace
  • Sauna

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • No Heating

Additional Features

  • Exercise
  • Suburban Location

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Tax Tract Number 1859
  • Assessor Parcel Number 2560111900

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0.26 Acres

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 2560111900
  • Year Built: 2016
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 5540.00
  • Stories: 3
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Entry Level: 1
  • Fireplace Features: Bonus Room, Family Room, Master Bedroom
  • Levels: Three Or More
  • Price Per Square Foot: 2075.81
  • Room Type: Home Theatre, Sauna, Walk-In Closet, Wine Cellar

Exterior Features

  • View: Ocean, Panoramic
  • Fence: No
  • Pool Features: Exercise Pool
  • Pool Private: Yes
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: No
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Bluff, Waterfront
  • Lot Size Sq Ft: 11269.00
  • Lot Size Acres: 0.2587

Multi Family

  • Lease Considered: No
  • Lot Size Area: 11269.0000 Square Feet
  • Number Of Units In Community: 1

Tax Info

  • Tax Tract Number: 001859

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Sep 5, 2023
Sold by
Leonard M Okun Trust
Bought by
Seller's Agent
Julie Dakin
Compass
Buyer's Agent
Julianna Arrant
Pacific Sotheby's Int'l Realty
List Price
$13,000,000
Sold Price
$11,500,000
Premium/Discount to List
-$1,500,000
-11.54%
Views
105
Current Estimated Value
$9,976,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,523,109
Avg. Annual Appreciation
-4.70%

Purchase Details

Closed on
Jun 20, 2014
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
$2,209,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 19, 2014
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
$2,209,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$11,500,000 First American Title
Okun Leonard M -- Ticor Title Company
Okun Leonard M -- Ticor Title
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 Borrower Loan Amount
Previous Owner $1,500,000
Previous Owner Okun Leonard M $2,209,000
Previous Owner Okun Leonard M $1,500,000
Previous Owner Okun Leonard M $1,375,000
Previous Owner Okun Leonard M $900,000
Source: Public Records

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
09/15/2023 09/15/23 Sold $11,500,000 -11.5% $2,076 / Sq Ft
07/29/2023 07/29/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $13,000,000 -- $2,347 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $126,229 $11,964,600 $8,323,200 $3,641,400
2025 $121,746 $11,730,000 $8,160,000 $3,570,000
2024 $121,746 $11,500,000 $8,000,000 $3,500,000
2023 $16,289 $1,543,511 $149,113 $1,394,398
2022 $15,965 $1,513,247 $146,190 $1,367,057
2021 $15,763 $1,483,576 $143,324 $1,340,252
2020 $15,564 $1,468,365 $141,855 $1,326,510
2019 $15,240 $1,439,574 $139,074 $1,300,500
2018 $14,936 $1,411,348 $136,348 $1,275,000
2017 $14,679 $1,383,675 $133,675 $1,250,000
2016 $8,514 $807,035 $132,035 $675,000
2015 $872 $80,803 $80,803 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2304594

California Regional Multiple Listing Service (CRMLS)

APN: 256-011-19

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