Rare Encinitas Development Opportunity
858 Hymettus, Encinitas
1.67 Acres Zoned R-3 Potential to Build up to 4 Ocean View Residences Existing 2,700 SF Home
Value Range $3,950,000 to $4,250,000
Coastal Encinitas opportunities like this are rare & this incredible large corner view property immediately inspires the imagination with panoramic ocean views with an existing 2,700 SF multi-functional residence and 1.67 acres, zoned R-3, which allows for lot sizes of 14,500 SF. The owner has conducted preliminary yield studies that indicate the opportunity to achieve up to 4 lots. Ideally located, walk to 101 eateries, shops and beaches, everything to love about Encinitas is actually only steps away.
There are multitude of potential options at 858 Hymettus Ave. A few to consider are: Option #1 – 3 lots – Retain the existing residence as a coastal ocean view compound with a private entrance off Hymettus. Then subdivide, sell or develop the lower 2 lots entering off Fulvia below.
Option #2 – 4 lots – Based on the initial yield studies and depending on the Buyer’s choice for lot layout, demolish the existing residence with the opportunity to create 4 ocean view lots.