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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.
Listing agent: Jonelle Bechard DRE #01513590 jonellebechard@gmail.com, Listing office: Compass
MLS data updated 10/19/2026, 3:06:12 AM PT
Source: CRMLS, MLS #: 26862579
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 29, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$4,700,000Original asking price · Jul 29, 2026ZIP 92024 · Jul 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.