1471 SUMMIT AVE., CARDIFF BY THE SEA, CA 92007

3 Beds, 2 Baths, 1170 Sqft

$4,750,000

Sold Price:$4,450,000

Sold Date:07-19-2023


In escrow & seeking backup offers. This coveted (.98 acre) parcel is one of the truly one-of-its-kind parcels remaining in this revered neighborhood, and is now available for sale. With ocean views from existing residence, backcountry vistas & panoramic ocean views can be achieved from a second story if one or two of the homes on site are enlarged with a second level. Or, build a new custom two-story home, or homes, on this unique offering. Located in Cardiff s renowned Composer District, this is one of the last available parcels of this size & zoning along the coast with ocean views & walking distance to the beach. Few if any parcels compare to this unique property’s potential for redevelopment. Seller says that city indicated this parcel s originality includes a legacy right for the two homes on site to remain as two permitted dwelling units (instead of one)~ one of the key reasons this parcel s intrinsic value is superior to potential competitors. The ocean view potential is also unique for this location, nestled in Cardiff’s sought-after "estate neighborhood". The front 3 bd., 2 ba. home is charming with large fireplace, ocean views + remodeled with new windows and elec. box + vaulted ceilings in living rm & dining room. Second rear residence has been partially updated with new wiring, new electric box & meter, and is now ready for a buyer to add their own finishing touches to complete this approx.950 sq.ft.(per building records) 1 br., 1 ba. floor plan. Rear home overlooks rear of parcel with large garden, & mature trees. Each home has its own electric and gas meter.

In escrow, & seeking back up offers. Few if any parcels compare to this unique property’s potential for redevelopment. Seller says properties originality includes a "legacy right , per city of Encinitas, for the two existing residences to remain as two primary residences instead of one, which is one of the key reasons its intrinsic value is superior to its competitors rights. The ocean view potential is also unique for this location, nestled in Cardiff’s sought after "estate" neighborhood, the Composer District. Charming 3 bd., 2 ba. home has lrg fireplace, vaulted ceilings & has been updated including new roof, new elec. box & more. Second permitted residence is approx. 950 sq ft, 1 br. 1 ba, has new electrical box, new wiring & is ready for a buyer to complete the improvements. Each home has its own electric meter. Gas & water meters on site are shared by both homes on site. LOCATION~ it is all about location, location, location..... heading SOUTH, this parcel is within walking distance to Cardiff with its legendary beaches, Cardiff Town Center with it s legendary Cardiff Seaside Market, restaurants & shopping, newly remodeled award winning Cardiff Elementary School, Encinitas new "Rail Trail" walking/ biking path, + walk or bike to San Elijo Lagoon s new walking trails! Heading NORTH walk or bike to world famous Swami’s beach, the Self-Realization Fellowship s magical gardens, & the very special village of Encinitas ~Surf Town USA~ with it s charming shops, world class restaurants, farmer s market! Also walk or bike to the many other beaches in Encinitas including celebrated Moonlight Beach & Beacons. In addition city says new beach access underpass close by will be coming in the near future which will shorten an already short walk to the beach. The redevelopment potential of this parcel presents a unique opportunity. Seller originally bought parcel as family investment & it has been headed for submission to the City as the first SB9 development in Encinitas. Seller says that in addition to its legacy rights of two permitted primary residences, State law may enable intensification & additional dwelling units to be added. Seller is available to share details and answer questions. BUYERS TO CONFIRM ALL building, zoning & lot split possibilities & representations in all information provided with the CITY OF ENCINITAS Building & Zoning departments. Agents make no warranties regarding zoning & development.



DETAILED INFORMATION
MLS#:230008382Sold Price:$4,450,000
Sold Date:07-19-2023 Original Price:$5,395,000
List Status:SoldProperty Type:Detached
Parcel Number:260-081-07-00School District:
Days on Market:78Sqft:1170
Complex Name:Sold Price Per Sqft:$3,803
Subdivision:Composer DistrictStories:1 Story
Community:Cardiff By The SeaBed:3
Year Built:1960Baths:2
Zoning:R-2Arch. Style:
Pool:N/kLot Size:.5 To 1 Ac
Spa:Lot Sqft:43560
Exterior:Redwood SidingLot Description:
Floors:WoodAcres:0.00
Roof:CompositionAge Restrictions:N/k
Water:Meter On Property,publicTopography:Level
Sewer:Sewer ConnectedFireplace:
Fence:N/kPets:Yes
Association Name:Assoc Phone:
Association Fee:$0Assoc Includes:
Assoc Fee Paid:Heating:Fireplace,wall/gravity,other/remarks
Other Fees:$0Cooling:N/k
Other Fee Paid:Other Fee Type:
Mello Roos:$0Mello Roose Paid:
Master Bedroom:13x11Family Room:0x0
Bedroom 2:10x11Bedroom 3:10x11
Bedroom 4:Bedroom 5:
Kitchen:10x5Living Room:16x16
Other Room:Miscellaneous:
Additional Land Use:Parking:Attached
Boat Facilities:Security:
Guest House: Patio:
Frontage:Telecommunications:
Irrigation:Equipment:Refrigerator,free Standing Range
Amenities:Laundry:Garage
Property Management:Property Management Phone:


HOW THIS HOME COMPARES TO NEARBY CURRENTLY FOR SALE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTLIST PRICELIST PSQFT

  625 SANTA FE DRIVE, #00, ENCINITAS, CA 92024ENCINITAS51266 $1,699,000$1,342
  609 MELBA RD, ENCINITAS, CA 92024ENCINITAS222035 $2,195,000$1,079
  768 DEVONSHIRE, ENCINITAS, CA 92024ENCINITAS661733 $2,699,000$1,557

FOR SALE AVERAGES:31 1,678 $2,197,667$1,326
  1471 SUMMIT AVE., CARDIFF BY THE SEA, 92007Composer District781170 $4,750,000$4,060


NEARBY SOLD HOMES PREVIOUS 6 MONTHS FROM LISTING SOLD DATE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTSOLD PRICESOLD PSQFT

   1447 SUMMIT AVENUE, CARDIFF BY THE SEA, CA 92007CARDIFF552297$5,500,000$2,394
   1528 SUMMIT AVE, CARDIFF, CA 92024COMPOSER DISTRICT242051$2,800,000$1,365
   1345 SAN ELIJO AVE, CARDIFF BY THE SEA, CA 92007801296$3,400,000$2,623
   1660 BRAHMS ROAD, CARDIFF BY THE SEA, CA 92007415616$8,100,000$1,442
   1376 COAST HIGHWAY 101, ENCINITAS, CA 92024ENCINITAS462686$11,900,000$4,430
   1501 VIVALDI STREET, CARDIFF BY THE SEA, CA 92007COMPOSER DISTRICT - CARDIFF GLEN164245$3,900,000$919
   1146 DEVONSHIRE DR, ENCINITAS, CA 92024ENCINITAS442527$2,550,000$1,009
   1272 LOCH LOMOND, CARDIFF BY THE SEA, CA 92007CARDIFF1091040$1,090,000$1,048
   1915 MONTGOMERY AVE, CARDIFF BY THE SEA, CA 92007COMPOSER DISTRICT351465$2,150,000$1,468
   1073 GOLDEN, ENCINITAS, CA 92024CARDIFF971840$1,725,000$938
   1434 KINGS CROSS DR, CARDIFF, CA 92007CARDIFF951653$1,550,000$938
   1200 EAST COVE PLACE, ENCINITAS, CA 92024ENCINITAS772044$1,619,900$793
   1156 EAST COVE PLACE, ENCINITAS, CA 92024ENCINITAS351738$1,439,000$828
   761 OCEAN CREST RD, CARDIFF, CA 92007CARDIFF1462728$2,200,000$806
   1208 EAST COVE PLACE, ENCINITAS, CA 92024ENCINITAS761721$1,399,900$813
   1212 EAST COVE PLACE, ENCINITAS, CA 92024ENCINITAS522015$1,650,900$819
   1216 EAST COVE PLACE, ENCINITAS, CA 92024ENCINITAS1122068$1,465,000$708
   2048 MANCHESTER AVENUE, CARDIFF BY THE SEA, CA 92007WALKING DISTRICT36949$1,975,000$2,081
   1221 EAST COVE PLACE, ENCINITAS, CA 92024ENCINITAS1031774$1,525,000$860
   777 OCEAN CREST ROAD, CARDIFF BY THE SEA, CA 92007351306$1,859,185$1,424
   521 GARDENA COURT, ENCINITAS, CA 92024651742$1,750,000$1,005
   1084 NARDO ROAD, ENCINITAS, CA 92024421758$1,995,000$1,135
   742 ARDEN DRIVE, ENCINITAS, CA 92024ENCINITAS HIGHLANDS1353583$3,050,000$851
   647 ARDEN DRIVE, ENCINITAS, CA 920241112805$3,087,838$1,101
   664 CORNISH, ENCINITAS, CA 92024ENCINITAS HIGHLANDS603034$4,350,000$1,434
   401 VILLA BLANCA CT., ENCINITAS, CA 92024PELICAN RIDGE442118$1,475,000$696

SOLD AVERAGES:68 2,235 $2,904,105$1,305




...LOADING




Listing Provided Courtesy of: Polly Rogers, Compass.

Listing sold by: Kyle Murphy, Coldwell Banker Realty.

Data Updated July 06 2024 14:50:09

Listing Last Modified:07-25-2023 22:14:13


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