Gorgeous turn-key ocean view duplex plus third unit, located on the iconic oceanfront street of Neptune Ave in Leucadia! Seize the opportunity to invest in your own piece of the Southern California coast while generating tremendous income. Enjoy the sounds of the waves & fresh ocean breezes in all three of these beautifully updated Coastal Modern luxury units. 1539 is a spacious upstairs 3 Bed/2 Bath with water views & large private patio. 1537 features 2 Bed/1 Bath with private laundry, spacious deck & fire pit lounge that fronts along Neptune. 1537 1/2 features 2 Bed/1 Bath. Detached 2 car garage plus driveway parking. Brand new roof. Just a short walk to the beach, with Grandview Beach access stairs close by, along with the many great local eateries & boutiques in the neighborhood!
Sold for $4,500,000 on 06/17/24
$4,500,000
1537-39 Neptune Ave, Encinitas, CA 92024
7beds
--sqft
Multi Family
Built in 1957
-- sqft lot
$4,475,700 Zestimate®
$--/sqft
$7,493 Estimated rent
Home value
$4,475,700
$4.12M - $4.88M
$7,493/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 13, 2025 at 04:40am
Listed by:
Elizabeth Callaway DRE #00984247 619-820-0151,
Compass,
Sarah Schoeffel DRE #01748344 619-884-4003,
Compass
Bought with:
David Belbel, DRE #02105766
Compass
Source: SDMLS,MLS#: 240009505
Originating MLS: San Diego Association of REALTOR
Originating MLS: San Diego Association of REALTORFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall/Gravity
Cooling
- N/K
Interior area
- Total structure area: 2,470
Property
Features
- Levels: 2 Story
- Fencing: Partial
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 5,994 sqft
Details
- Parcel number: 2540300600
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood/Stucco
- Roof: Composition
Condition
- Year built: 1957
Utilities & green energy
- Water: Meter on Property
Community & neighborhood
Security
- Security features: N/K
Location
- Region: Encinitas
- Subdivision: LEUCADIA
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2024 | Sold | $4,500,000 |
Source:  SDMLS #240009505 | ||
| 5/3/2024 | Pending sale | $4,500,000 |
Source: SDMLS #240009505 | ||
| 5/2/2024 | Listed for sale | $4,500,000+22.1% |
Source: SDMLS #240009505 | ||
| 6/15/2023 | Sold | $3,685,000 |
Source: SDMLS #230009295 | ||
| 5/25/2023 | Pending sale | $3,685,000 |
Source: SDMLS #230009295 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $50,666 +23.8% | $4,590,000 +22.1% |
| 2024 | $40,942 +80.8% | $3,758,700 +83.5% |
| 2023 | $22,645 +2.3% | $2,048,087 +2% |
Find assessor info on the county website
Neighborhood: 92024
Nearby schools
GreatSchools rating
- 7/10Paul Ecke-Central Elementary SchoolGrades: K-6Distance: 1.3 mi
- 7/10Diegueno Middle SchoolGrades: 7-8Distance: 4 mi
- 9/10La Costa Canyon High SchoolGrades: 9-12Distance: 4.6 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$4,475,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$4,475,700