
1355 Rainbow Ridge Lane, Encinitas, CA 92024
1355 Rainbow Ridge Lane, Encinitas, CA 92024
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
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Encinitas · Single Family Residence
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.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 2115 Encinitas Boulevard | Encinitas | 1976 | 3 | 2 | 1,623 | 23,522 | $1,140 | $1.85M | 43 | 65 |
| 534 Ocean View Avenue | Encinitas | 1958 | 3 | 2 | 1,352 | 32,200 | $3,695 | $5.00M | 72 | 57 |
| 449 Alviso Way | Encinitas | 1986 | 3 | 2 | 1,368 | 12,458 | $1,458 | $2.00M | 7 | 51 |
| 1547 Neptune | Encinitas | 1956 | 3 | 2 | 1,679 | 6,098 | $2,055 | $3.45M | 129 | 42 |
| 896 Passiflora Avenue | Encinitas | 1947 | 2 | 2 | 1,600 | 9,900 | $1,062 | $1.70M | 1509 | 42 |
| Total: 5 · Average | 2.8 | 2.0 | 1,524.4 | 16,835.6 | $1,882 | $2.80M | 352 | |||
| Median | 1,600 | $2.00M | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 E Street | Encinitas | 1970 | 10/05/2026 | 3 | 2 | 1,066 | 4,300 | $2.10M | $2.30M | $2,158 | 1.10 | 17 | 67 |
| 1856 Parliament Rd. | Encinitas | 1974 | 06/15/2026 | 3 | 3 | 1,612 | 3,274 | $4.00M | $4.00M | $2,478 | 1.00 | 23 | 56 |
| 939 OCEAN VIEW Avenue | Encinitas | 1957 | 09/17/2026 | 3 | 2 | 1,210 | 10,890 | $1.75M | $1.80M | $1,488 | 1.03 | 21 | 56 |
| 1040 San Dieguito Drive | Encinitas | 1950 | 07/08/2026 | 2 | 1 | 816 | 8,900 | $2.00M | $2.51M | $3,076 | 1.25 | 12 | 52 |
| 932 Stratford Drive | Encinitas | 1955 | 06/10/2026 | 3 | 2 | 1,368 | 9,600 | $2.38M | $2.40M | $1,754 | 1.01 | 28 | 50 |
| Total: 5 · Average | 2.8 | 2.0 | 1,214.4 | 7,392.8 | $2.60M | $2.60M | $2,190.8 | — | 20.2 | ||||
| Median | 1,210 | $2.40M | $2.40M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.