A rare opportunity to build your dream home with unobstructed San Dieguito Lagoon and Crest Canyon Preserve Views within desirable Olde Del Mar! With close proximity to the Del Mar Racetrack, Fairgrounds, famous local beaches and the village of Del Mar, this property offers the perfect coastal lifestyle. Featuring easy access to the Crest to Coast hiking trail and walk-ability to local restaurants, shops, and beaches! This is an initial phase, ground up project that previously had a Coastal Development Permit in 2006 that is now since expired. No current entitilments exist, but seller has prior hydrology, geotech, soils, and septic reports plus limited feasibility studies that can be provided to the buyer. Renderings offer a glimpse of what can possibly be built whiich include some subterranian structure and square footage into the hillside encompassing roughly 4000 sqaure feet, depending on amount of underground structure. You wont find any land in Del Mar cheaper than this! If you have the time, imagination, and desire to own a great newly built home in picturesque location of Del Mar, this is the project for you!