534 Ocean View Ave, Encinitas, CA — $4,995,000

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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.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$2,400,000 · Oct 2022

📋 Assessed value$2,546,898

💵 Annual tax$26,942

🏫 School districtSan Dieguito Union High School District

MLS #NDP2607186

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment

$31,293

Principal & interest$25,257

Property tax$4,579

Home insurance$1,457

Down payment: $999,000Loan: $3,996,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.