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1355 Rainbow Ridge Lane, Encinitas, CA 92024

$3.75M2bd · 1ba · 1,170 sqft
Lot 2 sqft•Single Family Residence•
Active
•201d on market•MLS# 8N-2602774

Property Description

Property can be split into 2 parcels. Owner will give time to get map done! Looking for outstanding views and acreage (1.72 Ac.), where vivid sunrises and dynamic sunsets are an everyday occurrence? This is it! First time on the market in over 50 years, opportunities like this are truly rare. Perched atop a hill with unbeatable backcountry views of Indian Head Canyon and Encinitas Ranch Golf Course, combined with excellent westerly views toward the ocean, this property offers a breathtaking setting from sunrise to sunset. This gated flag-lot parcel spans 1.72 acres in coastal Leucadia, offering exceptional privacy. You’ll be amazed by how much of the land is flat and usable, perfect for creating a legacy family compound, with the potential to subdivide into two oversized parcels. Current zoning is RR2 (Rural Residential—2 units per acre), with a minimum lot size of 21,500 sq. ft. The well-maintained original concrete block home has been tastefully updated over time and could potentially be retained as fantastic guest quarters. Located near the south end of Rainbow Ridge Lane, the property includes a clicker to a private gate providing convenient ingress and egress to the south, a luxury enjoyed only by this section of the street. This is a once-in-a-lifetime opportunity to enjoy the ultimate coastal lifestyle, with the beach just minutes away, along with great restaurants, shopping, and easy freeway access.

Features & Amenities

FeeBuilt 1950

Property Details

Land Type
Fee
Year Built
1950
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Heating
Heat Pump
Cooling
Heat Pump
View
Hills, Mountain(s), Ocean, Panoramic, Water, See Remarks
Roof
Composition
City
Encinitas
Zip Code
92024
County
San Diego
Listed byColdwell Banker Realty, Kyle Murphy

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$18,962.04
Principal & Interest
Loan Amount
$3,000,000
Total Interest
$3,826,335
Total Payment Over 30 Years
$6,826,335
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

1355 Rainbow Ridge Lane, Encinitas, CA 92024

Encinitas · Single Family Residence

$3.75M
Luxury Tier
Beds
2
Baths
1
Sqft
1,170
Lot
1.72 ac
Year
1950
$/Sqft
$3205
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 56.2% above the median closed sale of $2,400,000. Price per sqft ($3,205) is a 46% premium to closed comps ($2,191). Closed comps sold at 108% of list — strong seller's market. Comparable homes are moving quickly (avg 20 days on market). Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $3.75M· $3,205/sqft
Total list price
Closed comps
vs closed median $2.40M
+$1.35M (+56.3%)
Active comps
vs active median $2.00M
+$1.75M (+88.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $1,882
+$1K (+70.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
2115 Encinitas BoulevardEncinitas1976321,62323,522$1,140$1.85M4365
534 Ocean View AvenueEncinitas1958321,35232,200$3,695$5.00M7257
449 Alviso WayEncinitas1986321,36812,458$1,458$2.00M751
1547 NeptuneEncinitas1956321,6796,098$2,055$3.45M12942
896 Passiflora AvenueEncinitas1947221,6009,900$1,062$1.70M150942
Total: 5 · Average2.82.01,524.416,835.6$1,882$2.80M352
Median1,600$2.00M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
55 E StreetEncinitas197010/05/2026321,0664,300$2.10M$2.30M$2,1581.101767
1856 Parliament Rd.Encinitas197406/15/2026331,6123,274$4.00M$4.00M$2,4781.002356
939 OCEAN VIEW AvenueEncinitas195709/17/2026321,21010,890$1.75M$1.80M$1,4881.032156
1040 San Dieguito DriveEncinitas195007/08/2026218168,900$2.00M$2.51M$3,0761.251252
932 Stratford DriveEncinitas195506/10/2026321,3689,600$2.38M$2.40M$1,7541.012850
Total: 5 · Average2.82.01,214.47,392.8$2.60M$2.60M$2,190.8—20.2
Median1,210$2.40M$2.40M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.