San Diego’s Beachfront Homes Hit Historic Prices As Inventory Remains At Record Lows

Beautiful Beach front in San Diego
Walk miles outstretched along the surf, sand, sun, and the evening sunset late show! (Willis Allen Real Estate)

San Diego’s beachfront homes continue to fetch historic prices on the open market as inventory remains at record lows. On the sand properties in San Diego have always been in demand and there are surprisingly fewer than you’d think.

“There is a limited number of true oceanfront properties around San Diego,” explains Andrew Nelson, owner of leading San Diego brokerage Willis Allen Real Estate.  “You have Camp Pendleton to the north and Mexico to the South which limits true oceanfront property in San Diego.”

aerial view of a beachfront del mar home located at 3000 Sandy Ln, Del Mar, CA 92014

Willis Allen Real Estate recently represented the buyer in the February 2022 sale of an oceanfront Del Mar home. The property with 50 feet of beachfront sold for $18.9 million. (WILLIS ALLEN REAL ESTATE)

According to Nelson, Del Mar is one of the priciest spots in terms of price-per-square-foot. “[Del Mar] has the highest per square foot oceanfront homes located on a sandy beach.” Those Del Mar prices range from around $4,000-$6,000 a square foot. Compare that to La Jolla Shores’ (with its sandy beachfront) where homes are in the $2,000-$2,500 a square foot price range.

Even with those ultra-luxury prices, you won’t find many oceanfront listings currently around San Diego.  In Del Mar, a 2,729-quare-foot beachfront home recently sold for $18,900,000.

aerial view of a luxury beachfront homes in the la jolla neighborhood of san diego

Over in La Jolla, this beachfront residence sold in January for more than $12.25 million. The 2,848-square-foot home was designed by Bokal & Sneed. (WILLIS ALLEN REAL ESTATE)

Prior to coming to market, the Del Mar property was beautifully remodeled with walls of glass and unending ocean views. Located on private and gated Sandy Lane with 50 feet of direct and unobstructed direct beach access.

“Del Mar is convenient to the freeway and the people who know Del Mar Racetrack often buy there. As well as the affluent homeowners from inland Rancho Santa Fe who want a home at the beach,” Nelson explains.

la jolla private beachfront

Del Mar is a popular spot for second-home owners, particularly affluent residents from inland Rancho Santa Fe and other parts of Southern California. (WILLIS ALLEN REAL ESTATE)

La Jolla south of Del Mar noted for its signature coastline and rugged bluffs have some in-demand beachfront homes. Though there are not many on the market today. A five-bedroom six-bath classic beachfront residence with a listed price of $12,900,000 is also currently “pending.” No surprise since the lower-level beachfront covered terrace is perfect for five-star entertaining with an outdoor shower and private beach access. There is also an attached guest suite, massage room with sauna, and steam shower.

There are limited beachfront lots in La Jolla currently. Available properties include a 16,000-square-foot oceanfront lot, which on the market for $8,750,000. The property comes with proposed plans by a well-known architectural firm.

oceanfront home for sale in la jolla's beach barber tract at 303 sea lane

With so few lots, La Jolla’s beachfront residences’ see high demand year-round. This oceanfront property in the Beach Barber Tract is currently listed as pending with an asking price of $8.75 million. (WILLIS ALLEN REAL ESTATE)

The beach communities north of Del Mar lining the San Diego County coast include Solana Beach, Cardiff-by-the-Sea, Leucadia, Encinitas, Carlsbad and Oceanside. Given the geography, some San Diego beach communities don’t have direct on the sand living.

Nelson makes a good not often heard point on oceanfront living: “When you own a home on the ocean as soon as the sun goes down and it’s dark you have no view. It’s dark out there. People don’t think about not having a view at night. Though that is offset by listening to the sound of breaking waves falling asleep.”

aerial view of the foxhill estate looking down on the country club neighborhood in la jolla

Away from the beach, estate properties can run upwards of $50 million-plus. The Foxhill Estate, La Jolla’s largest contiguous residential property, is currently listed for $55 million. (WILLIS ALLEN REAL ESTATE)

That said living on the sand in San Diego is living the dream.

Author

I have covered the business of real estate (both residential and commercial) for over 25 years, including more than a dozen years working in the Forbes Los Angeles bureau reporting and writing about as I call it, Adventures in Real Estate. From the first tear-downs turning into mega-mansions in Beverly Hills to luxury condos as investments in Las Vegas, I follow the ups and downs of real estate markets around the country just for the fun of it.

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