Coastal Encinitas opportunities like this are rare & this incredible large corner view property immediately inspires the imagination with panoramic ocean views with an existing 2,700 SF multi-functional residence and 1.67 acres, zoned R-3, which allows for lot sizes of 14,500 SF. The owner has conducted preliminary yield studies that indicate the opportunity to achieve up to 4 lots. Ideally located, walk to 101 eateries, shops and beaches, everything to love about Encinitas is actually only steps away.THERE ARE MULTITUDE OF POTENTIAL OPTIONS AT 858 HYMETTUS AVE. A FEW TO CONSIDER ARE: OPTION #1 - 3 LOTS - RETAIN THE EXISTING RESIDENCE AS A COASTAL VIEW COMPOUND WITH A PRIVATE ENTRANCE OFF HYMETTUS, THEN SUBDIVIDE, SELL OR DEVELOP THE LOWER 2 LOTS ENTERING OFF FULVIA BELOW. OPTION #2 - 4 LOTS - BASED ON THE INITIAL YIELD STUDIES AND DEPENDING ON THE BUYER’S CHOICE FOR LOT LAYOUT, DEMOLISH THE EXISTING RESIDENCE WITH THE OPPORTUNITY TO CREATE 4 OCEAN VIEW LOTS.VR: $3,950,000 to $4,250,000
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