The highest sale in Encinitas was the Crescent House for $16,250,000. But that was in May, 2023. Will anyone be surprised if they get close to the $24,850,000 here? Not me. I think I said $28 million in the video but it was the previous agent who had it for $27,500,000 last year.
Introducing a rare gem in coastal luxury, 1230 Neptune Ave in Encinitas, CA, represents the pinnacle of new construction and the last opportunity of its kind for an oceanfront residence on the California coast. This magnificent 7,089-square-foot home is a showcase of architectural mastery and exclusive living, uniquely permitted on a coastal bluff where such development will no longer be allowed. Just 12 minutes from Carlsbad Airport, your unparalleled oceanfront escape awaits. Step inside to discover an entryway that ushers you into a realm where luxury meets breathtaking ocean views. The home is equipped with a commercial-grade elevator, ensuring effortless navigation throughout. Each room is designed to frame the Pacific Ocean through expansive glass windows, seamlessly integrating the horizon into your daily life. This home boasts unparalleled amenities, including four bedrooms, seven bathrooms, a state-of-the-art theater, a sophisticated bar and lounge, and a refined wine cellar, each space meticulously crafted for luxury and entertainment. The private bluffside terrace offers a serene retreat, surrounded by complete privacy and spectacular ocean views. For relaxation and rejuvenation, the in-home spa and sauna provide a sanctuary of wellness. Exclusive beach access invites you to enjoy the enchanting coastal ambiance of Encinitas directly from your doorstep. The first and last of its kind.
A newly built bluff-top home in Southern California has come along to claim the title of Encinitas‘s most expensive listing. The residence, perched on a bluff overlooking the ocean at 1230 Neptune Avenue, is on the market for just shy of $25 million with Khaki Wennstrom of Compass; the San Diego County abode could set a new sales record for the area if it sells at or near the asking price. The 7,089-square-foot home, with four bedrooms and seven-and-a-half baths, sits above a secluded beach. The coastal gem is being offered up by seller and real estate developer Peter Kerserovich.
“I was particularly drawn to this lot due to its exceptional sandstone bluff on the oceanfront,” Keserovich said in a statement. “Unlike other locations, such as Malibu where the water flows beneath the homes, San Clemente with its sandy beaches, or Del Mar with its sand and seawalls, Encinitas offers a unique vantage point. Situated approximately 65 feet above the water, the view from this property is superior compared to properties directly on the water.”
According to the listing, Kerserovich snapped up the parcel in 1997, before sea level rise regulations were put into effect in 2012, which limit a home’s size and proximity to the water. He began building the stately spread in 2014 and finished only recently, making it a project that was a whopping 10 years in the making.
“Our bluff features robust sandstone, which we meticulously hand irrigate to maintain stability and prevent erosion,” Kerserovich explained. “This location benefits from excellent geotechnical strata and is conveniently located just six blocks from public access. Additionally, the property includes a viewing deck equipped with WiFi and electrical outlets, offering privacy and seclusion.”
Designed with no expenses spared, the sprawling estate is kitted out with three Tesla Powerwalls in the garage, a state-of-the-art theater with a $200,000 microLED video wall, and a commercial-grade elevator. You’ll also find a slew of swanky amenities such as a gym, a sauna, and a wine cellar. Other highlights include a dramatic 18-foot entryway fronted by a massive 800-pound pivot door and a custom planar metal gate that retracts underground. None of that’s to mention the upper-floor primary suite, which sports a deck that’s inspired by the bow of a yacht with polished Burmese teak wood.
It’s not really oceanfront with a 4-lane road in front, but it’s close. You have the traffic-controlled crosswalk at the corner for easy access to the staircase down to the sand (that the City of Carlsbad is spending $14 million to repair and replace). It’s close enough!
3820-B Carlsbad Blvd., Carlsbad
2 br/2 ba, 861sf
YB: 1970
LP = $1,199,000. Now pending!
I took over this listing from another agent who is an old friend. He had taken the listing at $1,299,000, and he had an ideal oceanview photo displayed prominently. I first thought – is this one of the units in front with big ocean/sunset view? What is a deal!
But it turns out that it is the apartment in back, down under the staircases:
Oh great…but it’s nothing that price won’t fix! If we just go a little lower we will be the cheapest beach property for sale…..and if one of those desert buyers comes to town determined to get out of the heat, then we’re golden. It’s the perfect time of year to be on the market!
Get Good Help!
And yes, the minute the file got turned in, the new process began. Do you have all the forms? Do you have the right forms? Did you get the right forms from the other side? Did the buyer-agent have a buyer-broker agreement to show the home?
The August 17th NAR Settlement Jubilee is underway, and it’s all about paperwork compliance for the administrators. It was the same during Covid. We just needed paperwork signed that said people didn’t think they had Covid. Nobody ever verified an actual covid test – it was just a paperwork shuffle.
Those of us on the front lines will keep doing the selling, and we’ll get the proper signatures, don’t worry.
This location is ideal because it’s right at the end of Carlsbad Village Drive and the closest you can get to the village. There have been three houses sell on this street for more than $10,000,000 – shouldn’t a brand-new house sell for close to that? Build three here!
I did the quickie video tour – here is the full description:
Built from the ground up in 2016 with one of the largest oceanfront backyards in Encinitas with upper and lower sea wall framed in steel and concrete, 828 Neptune is not only a beautiful Tuscan estate perched atop one of the most magnificent strips of California coastline, it is one of the best constructed oceanfront sites in all of Encinitas. This 3 story, home features a custom wrought iron spiral staircase with a statement 27 foot Bocci glass chandelier, solid walnut plank flooring, Soffit ceilings, Venetian plaster wall finish with crown molding throughout, home theatre perfect for entertaining and frameless glass doors looking out to unobstructed Pacific Ocean views! The kitchen was designed by world-renowned Kitchen Expo – Rich Famie fully equipped with Wolf appliances, cherrywood cabinets, Phylrich & Hansgrohe oil rubbed bronze plumbing fixtures and Madagascar stone countertops with natural curves inspired by those of the ocean. The primary retreat is situated on the top floor overlooking the ocean with a spa-like primary bath featuring heated floors, towel heaters, a steam shower, jetted tub and sauna. From the atmospheric variable color change lighting throughout to the elevator with changing mosaic art on each floor (designed by Rick Sakalic); this home is not only a work of art but also inspired by the majestic beauty of its natural coastal surroundings with modern luxury conveniences. The home has a full home automation system to manage lighting, security, surveillance, audio/visual and window shades and a 3 car garage with a lift. This property is truly one of a kind in a prime location offering a lifestyle that is coveted by most but attained by few. Sold for $11,500,000 cash.
This sold for $4,488,000 after 76 days on the market, which was $400,000 under the original list price (and $100,000 under the list price at time of sale). It is the second highest-priced sale ever of an attached home on the beach in Carlsbad!
