614 Ocean View Avenue
DEncinitas, CA 92024
Soft Appraisal Value: $4,559,100 · 0.9% above estimate
Beds
4
Baths
4.5
Sqft
3,947
Year Built
2014
Days on Market
145
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2510746
Description
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 sitting 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 standalone 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, standalone 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!
Mortgage Calculator
Est. Monthly Payment
$29,195
Comparable Properties
5 comps foundThis Property
$7,509
Comp Average
$7,754
548 Quail Pointe Lane
5bd / 5.5ba · 4,292 sqft · Single Family
$2.79M
Est. $8,161/mo
224 Seeman Drive
4bd / 4ba · 3,279 sqft · Single Family
$2.79M
Est. $7,818/mo
637 Sparta Drive
4bd / 4ba · 2,051 sqft · Single Family
$2.85M
Est. $7,553/mo
1560 Hawk View Dr
4bd / 4ba · 2,860 sqft · Single Family
$2.88M
Est. $7,553/mo
441 Rancho Santa Fe Rd
5bd / 4ba · 3,395 sqft · Single Family
$3.00M
Est. $7,685/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITIA
Incl. vacancy, PM, maint, capex
⚠️ Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Defaults: 20% down, 6.5% rate, 30yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
Get Expert AnalysisOpen Full Calculator