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1551 Pine Heights Way, San Marcos, CA 92069

Sale Price: $1,010,000
Feb 19, 20251,288 sqft3 beds2 baths
Listed by: Cesy Cruz
License #: 01789608
Phone #: 760-445-8886
Palomar Property Services
Source:
CRMLS Logo
MLS #: NDP2501604

Property Description

Seller is only willing to accept offers from buyers who can pay 100% in cash. ATTENTION INVESTORS/DEVELOPERS! This is a rare opportunity to acquire a 1.8-acre property in a prime San Marcos location. Just a block away from Costco, Walmart, and other major shopping centers, this property is ideally positioned for future development. Currently zoned R-1 (Residential Single-Family), the property offers tremendous potential for rezoning to accommodate multi-family units, making it the perfect investment for developers with vision. The lot features a 1288 sqft 3-bedroom, 2-bath home. The seller is specifically looking for an investor or developer who can unlock the full potential of this valuable lot and create something extraordinary in this rapidly growing neighborhood. Septic will need to be replaced. Owner is in possession of a County Permit for an alternative septic system and also two bids from contractors who specialize in alternative septic installations. In addition, a local contractor, that works with developers, has created a checklist of items and timeline after talking to the city and county and is available as a consultant. With the right vision, this property could become a lucrative, income-generating investment. Don't miss out on this chance to invest in a highly desirable area with great upside potential!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$12,972

TurboHome Estimated Value

$1,007,400

$782 sqft

High Valuation
$1,057,770
$821/sqft
Normal Valuation
$1,007,400
$782/sqft
Low Valuation
$957,030
$743/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$782/sqft$1,007,400

Neighborhood

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Comparative Value

$820K

$860K

$1.01M

$1.15M

1830 Lindsley Park Dr, San Marcos, CA 92069

Sale Price: $820,000

Selected Comparable

1649 Palomar Dr, San Marcos, CA 92069

Sale Price: $830,000

Selected Comparable

1502 Palomar Dr, San Marcos, CA 92069

Sale Price: $837,500

Selected Comparable

744 Via Flora Rd, San Marcos, CA 92069

Sale Price: $860,000

Selected Comparable

1551 Pine Heights Way, San Marcos, CA 92069

Sale Price: $1,010,000

Selected Comparable

1551 Pine Heights Way, San Marcos, CA 92069

List Price: $1,150,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
1551 Pine Heights Way, San Marcos, CA 92069

1551 Pine Heights Way, San Marcos, CA 92069

List: $1,150,000

Listed: 2/19/2025

Area:1,288 sqft
Price/sqft:$893
Beds:3
Baths:2
Year Built:
Lot Size:78,408

Comparable Properties

COMPARABLE
Choose comps
1551 Pine Heights Way, San Marcos, CA 92069

1551 Pine Heights Way, San Marcos, CA 92069

Sale: $1,010,000

3/28/20250.00 mi

Area:1,288 sqft
Price/sqft:$784
Beds:3
Baths:2
Year Built:
Weight:21.8%
744 Via Flora Rd, San Marcos, CA 92069

744 Via Flora Rd, San Marcos, CA 92069

Sale: $860,000

5/20/20250.21 mi

Area:1,486 sqft
Price/sqft:$579
Beds:3
Baths:2
Year Built:
Weight:19.6%
1830 Lindsley Park Dr, San Marcos, CA 92069

1830 Lindsley Park Dr, San Marcos, CA 92069

Sale: $820,000

6/13/20250.45 mi

Area:1,444 sqft
Price/sqft:$568
Beds:3
Baths:2
Year Built:
Weight:19.6%
1649 Palomar Dr, San Marcos, CA 92069

1649 Palomar Dr, San Marcos, CA 92069

Sale: $830,000

9/19/20240.32 mi

Area:1,257 sqft
Price/sqft:$660
Beds:3
Baths:2
Year Built:
Weight:19.6%
1502 Palomar Dr, San Marcos, CA 92069

1502 Palomar Dr, San Marcos, CA 92069

Sale: $837,500

8/16/20240.43 mi

Area:1,257 sqft
Price/sqft:$666
Beds:3
Baths:2
Year Built:
Weight:19.4%

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