Waiting for you in the coastal resort town of Encinitas is this little bit of an oceanfront Pacific paradise. Tastefully remodeled and modernly elegant, this 3 bedroom, 2 bath 1800square foot oceanfront home offers unfettered whitewater ocean views on one of the most prestigious streets in North San Diego County. It’s like a permanent vacation when you step through the front door and literally leave the world behind you. Whether you want to surf or sip wine this property’s got you covered. ****This property is protected by a fully engineered, California Coastal Commission approved lower seawall and upper bluff retention system, a multi million dollar amenity that cannot be duplicated ever again.****
For sale
Listing Provided by:
Walter Shaffer DRE #00875202 walterbshaffer@aol.com,
Walter Bert Shaffer, Broker,
Walter Shaffer DRE #00875202 760-487-1800,
Walter Bert Shaffer, Broker
Price cut: $150K (2/21)
$5,250,000
498 Neptune Ave, Encinitas, CA 92024
3beds
1,800sqft
Est.:
Single Family Residence
Built in 1950
6,338 Square Feet Lot
$-- Zestimate®
$2,917/sqft
$-- HOA
What's special
Unfettered whitewater ocean viewsTastefully remodeledModernly elegantOceanfront pacific paradise
- 297 days |
- 3,685 |
- 61 |
Zillow last checked: 8 hours ago
Listing updated: February 21, 2026 at 01:15pm
Listing Provided by:
Walter Shaffer DRE #00875202 walterbshaffer@aol.com,
Walter Bert Shaffer, Broker,
Walter Shaffer DRE #00875202 760-487-1800,
Walter Bert Shaffer, Broker
Source: CRMLS,MLS#: NDP2503586
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Cooling
- Central Air
Appliances
- Included: Built-In Range, Built-In, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Dryer, Washer
- Laundry: Laundry Room
Features
- All Bedrooms Down, Bedroom on Main Level, Main Level Primary, Primary Suite
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,800 sqft
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Garage - Attached
- Attached garage spaces: 1
- Uncovered spaces: 2
Accessibility
- Accessibility features: No Stairs
Features
- Levels: One
- Stories: 1
- Entry location: Front
- Pool features: None
- Has view: Yes
- View description: Panoramic
- Park: Old Encinitas
Lot
- Size: 6,338 Square Feet
- Dimensions: 40.4 x 156.5
- Features: Bluff
Details
- Parcel number: 2562610500
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Modern,Ranch,Traditional
- Property subtype: Single Family Residence
Materials
- Drywall, Frame
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1950
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Encinitas
Financial & listing details
- Price per square foot: $2,917/sqft
- Tax assessed value: $1,546,884
- Annual tax amount: $17,085
- Date on market: 5/1/2025
- Cumulative days on market: 298 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
$7,164/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2026 | Price change | $5,250,000-2.8%$2,917/sqft |
Source:  CRMLS #NDP2503586 Report a problem | ||
| 5/1/2025 | Listed for sale | $5,400,000$3,000/sqft |
Source: CRMLS #NDP2503586 Report a problem | ||
| 3/1/2025 | Listing removed | $13,999$8/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/23/2025 | Listed for rent | $13,999$8/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,085 +3.9% | $1,546,884 +2% |
| 2024 | $16,438 +2.5% | $1,516,554 -31.8% |
| 2023 | $16,032 -31% | $2,222,164 +2% |
| 2022 | $23,238 +198.3% | $2,178,593 +207.6% |
| 2021 | $7,791 +0.3% | $708,286 +1% |
| 2020 | $7,771 +7.9% | $701,024 +2% |
| 2019 | $7,199 -5.4% | $687,280 +2% |
| 2018 | $7,608 +1.7% | $673,805 +2% |
| 2017 | $7,477 +2.8% | $660,594 +2% |
| 2016 | $7,275 +1.6% | $647,642 +1.5% |
| 2015 | $7,158 +2.6% | $637,915 +2% |
| 2014 | $6,974 | $625,420 +0.5% |
| 2013 | -- | $622,594 +2% |
| 2012 | -- | $610,387 +2% |
| 2011 | -- | $598,420 +0.8% |
| 2010 | -- | $593,949 -0.2% |
| 2009 | -- | $595,361 +2% |
| 2008 | -- | $583,689 +2% |
| 2007 | -- | $572,245 +2% |
| 2006 | -- | $561,026 +2% |
| 2005 | -- | $550,027 +2% |
| 2004 | -- | $539,243 +1.9% |
| 2003 | -- | $529,361 +2% |
| 2002 | -- | $518,982 +2% |
| 2001 | -- | $508,807 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$31,067/mo
Principal & interest
$25948
Property taxes
$5119
Climate risks
Neighborhood: 92024
Nearby schools
GreatSchools rating
- 7/10Paul Ecke-Central Elementary SchoolGrades: K-6Distance: 0.2 mi
- 7/10Diegueno Middle SchoolGrades: 7-8Distance: 3.5 mi
- 9/10La Costa Canyon High SchoolGrades: 9-12Distance: 4.4 mi
Local experts in 92024
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