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$4,995,000
3 Beds ⋅ 2 Baths ⋅ NDP2607186 MLS ⋅ Active Status
Situated on the highly sought-after west side of Ocean View Avenue in the heart of coastal Leucadia, 534 Ocean View Avenue presents a rare opportunity to own one of the area's last large infill properties. Set on approximately 0.74 acres, the property features an existing 3-bedroom, 2-bath home with ocean views, offering immediate enjoyment, rental income, or renovation potential while preserving significant future upside. The site is approved for a 2-lot subdivision with the Final Map in process and grading approval anticipated in Q4 2026, creating a unique opportunity for a luxury estate, family compound, or future development. Just minutes from beaches, Highway 101, restaurants, shopping, and top-rated schools, properties of this size, location, and entitlement status are rarely available in Leucadia.

534 Ocean View Avenue, Encinitas
$4,700,000
26862579 MLS ⋅ Active Status
Welcome to a rare development opportunity to build five brand-new custom homes in one of Encinitas' most desirable neighborhoods on nearly five acres of land. The property includes a recorded subdivision map, survey, and soils report, with building plans and permit applications for three of the five homes already submitted to the City of Encinitas. The proposed residences feature contemporary two-story floor plans with four bedrooms plus a detached one-bedroom ADU. Thoughtfully designed to follow the natural contours of the land, the homes are intended to minimize grading costs while maximizing the surrounding open-space setting. The architectural design incorporates multiple outdoor courtyards, sunken gathering areas, and a natural coastal aesthetic that complements the landscape. The five generously sized homesites range from approximately 27,400 to53,500 square feet, offering exceptional privacy, scenic open-space vistas, and bay views. Ideally located just minutes from Moonlight Beach, Swami's Beach, the Coaster Station, and the shops and restaurants of downtown Encinitas, this is an outstanding opportunity in a highly sought-after coastal community. The site still requires grading and final city approvals. The seller prefers that the buyer assume the project and continue working with the architect to complete the entitlement process, finalize the building plan approvals, and obtain the necessary construction permits.

Christine, Encinitas

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.