534 Ocean View Ave, Encinitas, CA, 92024
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1958
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Washer
- Laundry features: In Garage
Bedroom
- Features: Bedroom on Main Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Cooling
- Cooling features: None
Features
- Bedroom on Main Level,Main Level Primary
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior Area
- Total interior livable area: 1,352 sqft
Master Bedroom
- Features: Main Level Primary
Property
Details
- Parcel number: 2561511900
- Zoning: R3
- Special condition: Short Sale
Features
- Levels: Multi/Split
- Entry location: Front Door
- Pool features: None
- Has view: Yes
- View description: Bay,Coastline,Ocean,Water
- Has water view: Yes
- Water view: Bay,Coastline,Ocean,Water
Lot
- Lot size: 0.74 Acres
- Features: 2-5 Units/Acre
Parking
- Total spaces: 2
- Parking features: Garage - Attached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in San Diego County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $25,257 | $303,084 |
| Home Insurance * | $661 | $7,932 |
| Property Taxes | $4,465 | $53,580 |
| Electricity | $398 | $4,786 |
| Total | $30,781 | $369,372 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Listed for sale | $4,995,000 |
| 2025-11-29 | Listing removed | $5,250,000 |
| 2025-06-23 | Listed for sale | $5,250,000 |
| 2023-10-28 | Listing removed | -- |
| 2023-10-19 | Listed for rent | $3,495 |
| 2022-12-29 | Sold | $2,400,000 |
| 2022-02-03 | Listing removed | -- |
| 2022-01-26 | Listed for rent | $3,195 |
| 2019-10-22 | Listing removed | $1,395 |
| 2019-10-05 | Listed for rent | $1,395 |
| 2017-02-25 | Listing removed | $2,695 |
| 2017-02-21 | Listed for rent | $2,695 |
| 2013-02-15 | Listing removed | $2,495 |
| 2013-02-09 | Listed for rent | $2,495 |
View on Zillow