Once-in-a-lifetime opportunity. Magical piece of property in the heart of Encinitas, situated on nearly a 1/2 acre. Not many, if any, properties of this size and zoning are left west of the 5 near the beach, and just a short stroll to iconic Beacons beach and all of Leaucadia’s finest restaurants. This captivating sanctuary showcases not just one, but two detached homes. The property is zoned R8 , and a recent feasibility study has been completed , thus presenting great development potential for a true legacy property.
Multi-familyProperty Type
1930Year Built
0.43 acresLot Size
$1,573Est. Price/Sq.Ft.
Listed by Eric Iantorno•DRE #01256501• Pacific Sotheby's International Realty
•858-334-3577 (agent)
•eric.iantorno@compass.com (agent)
Listed by Pilar Meza•DRE #01952399• Pacific Sotheby's International Realty
Rare opportunity! Magical piece of property on a secluded half acre lot West of the I-5 that offers a main house, a detached guest house, and a converted garage with privacy all just minutes from the beach! This property is also zoned R8, thus presenting a great potential development opportunity. The main house features 3BR 2BA and the guest house is separated by fence with a private garden and covered patio. This is an incredible rental property or ultimate AIRBNB! Welcome to beautiful Olde Leucadia - these 1930's English Cottages sit on a extraordinarily rare roughly half-acre lot just minutes from the beach. Two separate homes and a converted garage can be found on this unusually large, verdant lot with olde growth trees. The main house features 3 bedrooms and 2 bathrooms. Downstairs features 2 bedrooms and a newly renovated full bath. The quaint master treat occupies the entire upstairs. The guest house is completely private - separated, with a private garden and covered patio. Options with the second home are endless, as it can be used as an income producing rental, granny suite, full guest house or a fantastic separate home office. Neighborhoods: Encinitas Exterior: Wood/Stucco Other Fees: 0 Number of Furnished Units: 2 Topography: LL
SDMLS #170015694
Apr 27, 2017
Listing Removed
—
Apr 26, 2017
Listing Removed
—
Mar 30, 2017
Listed
$1,775,000
$700/sq ft
Mar 30, 2017
Listed
$1,775,000
$700/sq ft
SDMLS #170012088
Apr 27, 2017
Listing Removed
—
Apr 26, 2017
Listing Removed
—
Mar 10, 2017
Price Changed
$1,775,000
$700/sq ft
Mar 10, 2017
Listed
$177,500,000
$69,992/sq ft
Mar 10, 2017
Listed
$1,775,000
$700/sq ft
SDMLS #160045449
Sep 7, 2016
Sold
$1,250,000
$493/sq ft
Sep 7, 2016
Sold
$1,250,000
$493/sq ft
Sep 7, 2016
Sold
$1,250,000
$493/sq ft
Aug 8, 2016
Listing Removed
—
Aug 1, 2016
Listed
$1,350,000
$532/sq ft
Aug 1, 2016
Listed
$1,350,000
$532/sq ft
Aug 1, 2016
Listed
$1,350,000
$532/sq ft
CRMLS #130041963
Nov 7, 2013
Listing Removed
—
Aug 30, 2013
Listing Removed
—
Aug 7, 2013
Listed
$1,249,950
$493/sq ft
Aug 7, 2013
Listed
$1,249,950
$493/sq ft
CRMLS #130041980
Nov 7, 2013
Listing Removed
—
Aug 30, 2013
Listing Removed
—
Aug 7, 2013
Listed
$1,249,950
$493/sq ft
Aug 7, 2013
Listed
$1,249,950
$493/sq ft
CRMLS #OC13157517
Aug 30, 2013
Listing Removed
—
Aug 7, 2013
Listed
$1,249,950
$493/sq ft
SDMLS #130033496
Aug 6, 2013
Listing Removed
—
Aug 5, 2013
Listing Removed
—
Jun 27, 2013
Listed
$1,299,950
$513/sq ft
Jun 27, 2013
Listed
$1,299,950
$513/sq ft
Public Records
Dec 10, 1997
Sold
$330,000
$130/sq ft
Public Records
Oct 12, 1977
Sold
$105,000
$41/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$39,095 (+3.9%)
$3,183,624 + $403,259
$3,586,883
2024
$37,624 (+70.4%)
$3,121,200 + $395,352
$3,516,552
2023
$22,075 (+2.3%)
$3,060,000 + $387,600
$3,447,600
2022
$21,572 (+1.6%)
$1,913,880 + $81,700
$1,995,580
2021
$21,235 (+1.6%)
$1,876,353 + $80,099
$1,956,452
2020
$20,909 (+2.0%)
$1,839,562 + $78,529
$1,918,091
2019
$20,489 (+43.5%)
$1,820,700 + $77,724
$1,898,424
2018
$14,279 (+1.8%)
$1,785,000 + $76,200
$1,861,200
2017
$14,033 (+161.8%)
$1,000,000 + $250,000
$1,250,000
2016
$5,361 (+2.5%)
$1,000,000 + $250,000
$1,250,000
2015
$5,232 (+2.9%)
$370,924 + $73,840
$444,764
2014
$5,085
$358,197 + $71,307
$429,504
2013
$5,083 (+4.9%)
$358,197 + $71,307
$429,504
2012
$4,844 (+1.8%)
$356,579 + $70,985
$427,564
2011
$4,758 (+0.7%)
$349,588 + $69,594
$419,182
2010
$4,726 (+0.8%)
$342,734 + $68,230
$410,964
2009
$4,688 (+2.9%)
$340,173 + $67,721
$407,894
2008
$4,556
$340,982 + $67,882
$408,864
Tax history for 212 Cereus St
Year
Property tax
Land + Additions
Assessment*
2025
$39,095 (+3.9%)
$3,183,624 + $403,259
$3,586,883
2024
$37,624 (+70.4%)
$3,121,200 + $395,352
$3,516,552
2023
$22,075 (+2.3%)
$3,060,000 + $387,600
$3,447,600
2022
$21,572 (+1.6%)
$1,913,880 + $81,700
$1,995,580
2021
$21,235 (+1.6%)
$1,876,353 + $80,099
$1,956,452
2020
$20,909 (+2.0%)
$1,839,562 + $78,529
$1,918,091
2019
$20,489 (+43.5%)
$1,820,700 + $77,724
$1,898,424
2018
$14,279 (+1.8%)
$1,785,000 + $76,200
$1,861,200
2017
$14,033 (+161.8%)
$1,000,000 + $250,000
$1,250,000
2016
$5,361 (+2.5%)
$1,000,000 + $250,000
$1,250,000
2015
$5,232 (+2.9%)
$370,924 + $73,840
$444,764
2014
$5,085
$358,197 + $71,307
$429,504
2013
$5,083 (+4.9%)
$358,197 + $71,307
$429,504
2012
$4,844 (+1.8%)
$356,579 + $70,985
$427,564
2011
$4,758 (+0.7%)
$349,588 + $69,594
$419,182
2010
$4,726 (+0.8%)
$342,734 + $68,230
$410,964
2009
$4,688 (+2.9%)
$340,173 + $67,721
$407,894
2008
$4,556
$340,982 + $67,882
$408,864
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
—
Lot width
—
Lot depth
—
Lot size
0.42 Acres
Year renovated
1930
Sq. Ft.
2,536
Year built
1930
Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
2561002300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
R8
Residential 8 Zone
Residential 8 is intended to provide for suburban single-family detached residential units with minimum lot sizes of 5,400 net square feet and maximum densities of eight units per net acre. One primary dwelling is permitted on each legal lot. Single-family units may be attached to other single-family units provided each unit is located on a separate legal lot with approval of a PRD.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Senior
Housing-Other
Infrastructure
Educational/school
Agriculture-Pastureland
Housing-Mobile home park
Property details
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
# of Half Bathrooms: 1
Heating & Cooling
Has Cooling
Cooling: Central Air
Has Heating
Heating: Natural Gas
Exterior
Exterior Features
Fencing: Partial
Roof: Composition
Building Information
# of Stories Total: 2
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Res Income 2-4 Units
Lot Information
Lot Size Area: 0.43
Lot Size Units: Acres
Zoning: R8
Location
Location Information
Subdivision Name: ENCINITAS
Community Information
Building Name: N/K
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 2,536
Stories: —
Lot Size: 0.42 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1930
Year Renovated: 1930
County: San Diego County
APN: 2561002300
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
List AOR: San Diego Association of REALTOR
Around this home
Schools
Paul Ecke-Central Elementary School
Public K-6 • Assigned • 0.2mi
9/10
Diegueno Middle School
Public 7-8 • Assigned • 3.3mi
9/10
La Costa Canyon High School
Public 9-12 • Assigned • 4.0mi
9/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 84° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Encinitas, CA • 92024
Average low and high temperatures (°F)
68
46
68
49
70
51
68
53
70
58
73
62
77
64
75
64
76
64
72
58
68
50
66
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.7 hours in
June and 7.3 hours in December, placing it above the
U.S. average for solar exposure.
8.7 hrs
7.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$3.79M – $4.59M
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