8504 Prestwick Dr, La Jolla, California 92037, La Jolla, - bed, bath
ACTIVE$5,995,000
8504 Prestwick Dr, La Jolla, California 92037
4Beds
4Baths
2,637Sqft
20,452Lot
Year Built
1969
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250038315SD
Home ConditionTear down
Features
Excellent View: City Lights, Ocean
ViewCity Lights,Ocean
About this home
Prime Prestwick Estates expansive corner lot with unexpected and excellent views of the Cove and Pacific! The flat lot currently features a 4-BD single-story home and offers a wonderful opportunity to build a dream ocean-view estate. Plans have been submitted for a stunning 6,500-square foot 5 BD/5 BA contemporary with everything you need to live the fabulous La Jolla lifestyle. The property’s Upper Shores location delivers incredibly easy access to the beach, Village, UTC, freeways, and award-winning schools.
Nearby schools
9/10
Torrey Pines Elementary School
Public,•K-5•0.3mi
8/10
Muirlands Middle School
Public,•6-8•2.4mi
8/10
La Jolla High School
Public,•9-12•2.5mi
Price History
Date
Event
Price
09/06/25
Listing
$5,995,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (146 Listings) | |
|---|---|---|---|
| Beds | 4 | 4 | 50% |
| Baths | 4 | 4 | 50% |
| Square foot | 2,637 | 2,662 | 48% |
| Lot Size | 20,452 | 14,108 | 63% |
| Price | $6M | $3.5M | 83% |
| Price per square foot | $2,273 | $1,373 | 93% |
| Built year | 1969 | 1975 | 40% |
| HOA | |||
| Days on market | 60 | 168 | 6% |
Condition Rating
Tear down
Built in 1969, the property is 55 years old with no apparent major renovations in the last 50 years. The exterior images show significant wear, an aged roof, and unkempt landscaping, indicating neglect. Crucially, there are no interior images, which, combined with the listing description explicitly marketing the 'opportunity to build a dream ocean-view estate' and mentioning 'plans have been submitted for a stunning 6,500-square foot 5 BD/5 BA contemporary,' strongly suggests the existing structure is considered functionally obsolete and its value is primarily in the land and its redevelopment potential. The current house is likely unlivable or requires demolition.
Pros & Cons
Pros
Premier La Jolla Location: Situated in the highly coveted Prestwick Estates within La Jolla's Upper Shores, offering unparalleled access to beaches, La Jolla Village, UTC, freeways, and top-rated schools.
Exceptional Ocean & Cove Views: Boasts stunning and expansive views of the Pacific Ocean, La Jolla Cove, and city lights, significantly enhancing the property's value and appeal.
Expansive & Buildable Lot: A generous 20,452 sqft (nearly half-acre) flat corner lot, providing ample space and an ideal foundation for constructing a large, custom luxury estate.
Pre-Approved Development Opportunity: Includes submitted plans for a magnificent 6,500 sqft, 5-bedroom, 5-bathroom contemporary estate, streamlining the building process and saving significant time and effort for the buyer.
Significant Investment Potential: Represents a rare opportunity to acquire a prime development site in one of Southern California's most exclusive enclaves, promising substantial long-term value appreciation.
Cons
Existing Structure Condition: The 1969-built 2,637 sqft home is likely considered a tear-down, meaning the property's value is primarily in the land and development potential, requiring complete new construction.
High Total Investment Required: The nearly $6 million list price, coupled with the substantial cost of building a 6,500 sqft luxury home, necessitates a very significant overall financial commitment, narrowing the potential buyer pool.
Construction Project Scope: Despite pre-submitted plans, undertaking a 6,500 sqft custom home build is a large-scale project that will require considerable time, project management, and potential complexities for the buyer.