The home sits on less than half an acre but has 74 feet of waterfront access. It sits atop a steep bank and overlooks the Pacific Ocean.
The mansion comes with plenty of outdoor spaces, such as patios, verandas, and decks, where residents can enjoy the ocean view. Ranch Pics
A highlight of the home is its many outdoor spaces, including patios, porches, and decks, where residents can relax and take in ocean views.
The estate is located on Neptune Ave. in the coastal city of Encinitas in San Diego County, California.
The real estate scene in San Diego County has recently buzzed with soaring real estate prices. In March, the median sale price for single-detached homes was $975,000, up 20.4% from March 2021, when the median sale price was $810,000, according to the San Diego Association of Realtors.
At $23.5 million, the Crescent House is an outlier, but it’s not the only multimillion-dollar mansion to hit the market recently. Another waterfront mansion in La Jolla, San Diego County was listed for $32.5 million last month, by Mansion Global.
At 0.43 acres, the estate is one of the largest lots on the street, and the value of the land alone is expensive, real estate agents Waltman and Howard said in a joint statement.
“With today’s building restrictions between the city and the Coastal Commission, you wouldn’t be able to build this house on this site today – it just can’t be duplicated,” the officers said. .