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$6,500,000
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Property Description
First time on the market, here is your opportunity to enjoy endless panoramic ocean views, beautiful sunsets, nice ocean breezes, and daily dolphin shows from the comfort of your living room. This spectacular home was designed, built, and has been lovingly cared for by legendary surfer and waterman Kit Horn and his wife Gwen. Kit, known for being a big wave surfing pioneer in California and Hawaii, chose this place to call home and raise his family. Gwen designed this unique "New England Cape Cod Style" ocean front home, which has private stairs down a gently sloping bluff to the beach. Nearly a quarter acre, this property offers 50 feet of beach frontage. The main level of the home is highlighted by an oversized great room with breathtaking ocean views on one side and a beautiful rock fireplace on the other flanked by wood bookshelves. There is an additional fireplace located in the kitchen/breakfast eating area. The expansive primary bedroom that measures 40' x 16' offers a fireplace, wood ceiling that peaks at 13' high, and multiple sliders leading to your expansive deck looking west. The second floor also included a large primary bath and secondary bedroom. The wood ceilings and skylights add to this distinctive home. Included with this home is an oversize additional unit with a fireplace, full kitchen, and tall wood ceiling. Both units are under the same roof so this could be reconfigured easily to join the main house. This beautiful home is positioned over looking the Beacons "North Reef" surf break and is near the vibrant 101 Corridor with numerous outstanding restaurants, pubs, and eclectic shops. You'll enjoy long strolls on the sand, surfing fun waves, and countless sunsets. Living here makes you never want to leave home.
Full Property Details
Full Property Details for 1046-48 Neptune Ave
General
- Sold For: $6,500,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: NDP2404822
- Added to Site: 622 day(s) ago
Interior
- Fireplace(s): Kitchen, Living Room, Primary Bedroom
Rooms
Other Rooms
- Laundry: In Garage
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 3
Location
- Area: 92024 - Encinitas
- County: San Diego
- Development Name: 92024 - Encinitas
- Driving Directions: Neptune Ave. Units are located on the West side of the Street (Oceanfront)
- Direction Faces: West
Heating & Cooling
- Heating Type: Fireplace(s), Forced Air
Utilities
- Sewer: Public Sewer
- # Water Meters: 1
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: 1
- Square Feet: 3,421
- Year Built: 1974
Lot Features
- Property View: Coastline, Ocean, Panoramic, Water, White Water
- Lot Size (Acres): 0.212
- Lot Size Source: Assessor
- Lot Dimensions: 53' x 194' x 50' x 175'
- Zoning: R11
- Lot Description: Waterfront
Financial Considerations
- Price Per Sq. Ft.: $1,900.03
- Price Per Unit: 3497500
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Schools
Schools serving 1046-48 Neptune Ave
School Districts:Encinitas Union Elementary School District, San Dieguito Union High School District
| Name | Grades | Distance |
|---|---|---|
Paul Ecke-Central Elementary School 185 Union Street, Encinitas, CA 92024 | K-6 | 0.8 mi |
Diegueno Middle School 2150 Village Park Way, Encinitas, CA 92024 | 7-8 | 3.8 mi |
La Costa Canyon High School 1 Maverick Way, Encinitas, CA 92009 | 9-12 | 4.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1046-48 Neptune Ave
Date
Details
Price
Change
Source
6/11/2025
Sold
$6,500,000
-7.08%
MLS
4/24/2025
Price Reduced
$6,995,000
-7.35%
MLS
3/12/2025
Price Reduced
$7,550,000
-3.82%
MLS
6/04/2024
Listed
$7,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1046 48 Neptune Avenue, Encinitas, CA 92024 (MLS# NDP2404822) is a Multi-Family property that was sold at $6,500,000 on June 11, 2025. This property was listed by McCollough and Murphy from our Encinitas / La Costa Office.Want to learn more about 1046 48 Neptune Avenue? Do you have questions about finding other Multi-Family real estate for sale in Encinitas? You can browse all Encinitas real estate or contact a Coldwell Banker agent to request more information.


