$4,700,000

Welcome to a rare development opportunity to build five brand-new custom homes in one of Encinitas' most desirable neighborhoods on nearly five acres of land. The property includes a recorded subdivision map, survey, and soils report, with building plans and permit applications for three of the five homes already submitted to the City of Encinitas. The proposed residences feature contemporary two-story floor plans with four bedrooms plus a detached one-bedroom ADU. Thoughtfully designed to follow the natural contours of the land, the homes are intended to minimize grading costs while maximizing the surrounding open-space setting. The architectural design incorporates multiple outdoor courtyards, sunken gathering areas, and a natural coastal aesthetic that complements the landscape. The five generously sized homesites range from approximately 27,400 to53,500 square feet, offering exceptional privacy, scenic open-space vistas, and bay views. Ideally located just minutes from Moonlight Beach, Swami's Beach, the Coaster Station, and the shops and restaurants of downtown Encinitas, this is an outstanding opportunity in a highly sought-after coastal community. The site still requires grading and final city approvals. The seller prefers that the buyer assume the project and continue working with the architect to complete the entitlement process, finalize the building plan approvals, and obtain the necessary construction permits.