1635 Gascony Rd
About This Property
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 20, 2025 | In contract | - | |
| In contract | |||
| May 23, 2025 | Listed by Compass | $5,000,000 | |
| Listed by Compass | |||
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STUNNING! There’s nothing like this with the panoramic views and on SO MUCH land! An Encinitas hilltop estate designed by the internationally acclaimed architect, Steven Lombardi who calls this architectural beauty, “Poetry Meets Pragmatism.” With striking ocean views and phenomenal canyon views, this 4b/4b stunner features the finest combination of wood, concrete, and glass to create a connection between art and nature giving this house and the detached ADU an “inside and out” serene vibe. As you enter the home, you are surrounded by disappearing glass walls… One way leads to the west, boasting of ocean views and breezes, and the other way leads to the east, revealing back country canyon and golf course views, as well as a pool, spa, barbecue, and guesthouse. The main residence boasts bamboo wood from the Seattle Forest Program, concrete flooring, numerous floor-to-ceiling Fleetwood glass walls/windows and doors. The kitchen is equipped with Miele appliances, custom natural stone composite countertops, and Italian cabinetry. Artemide lighting and Velux automatic skylights enhance the indoor-outdoor living experience. The 572sf, 1b/1b guest house/ADU, mirrors the exceptional finishes and a full kitchen. The floor to ceiling windows and private deck feels like you’re standing in a magical treehouse. With sunrise to sunset views, you are 2mi to the ocean, downtown Leucadia dining & shopping, Equinox & it’s new neighboring shops, La Costa Omni Resort and more!
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| Feb 15, 2025 | Listed | $5,200,000 | |
| Listed | |||
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A harmonious hilltop estate designed by the internationally acclaimed architect, Steven Lombardi who calls this architectural beauty, “Leucadian” and “Poetry Meets Pragmatism.” With striking ocean views and phenomenal canyon views, this stunner features the finest combination of wood, concrete, and glass to create a harmonious connection between art and nature giving this house and the detached guest house an “inside and out” serene vibe. As you enter the home, you are surrounded by disappearing glass walls… One way leads to the west, boasting of ocean views and breezes, and the other way leads to the east, revealing stunning back country canyon and golf course views, as well as a pool, spa, barbecue, and guesthouse (built in 2020). The main residence boasts exquisite bamboo wood from the Seattle Forest Program, concrete flooring, numerous floor-to-ceiling Fleetwood glass walls/windows and doors. The kitchen is equipped with Miele appliances, custom natural stone composite countertops, and Italian cabinetry. Artemide lighting and Velux skylights enhance the indoor-outdoor living experience. A detached guesthouse/ADU, mirrors the exceptional finishes and remarkable views. Private east facing deck feels like you’re floating over the mountains. With sunrise to sunset views, you are just minutes to the ocean, dining, shopping, resorts, golf and more. 10k in plans/permits are approved and available to add another bedroom on the second floor. ARCHITECT'S COMMENTARY Leucadia is a mecca for surfers and artists, a beach town within Encinitas. Sitting on top of a hill with the Pacific Ocean to the west, Batiquitos Lagoon to the north, and mountain views to the south and east, this compound has an amazing 360 degree view. With an introverted courtyard and gardens, the L-shaped main building and accessory dwelling unit have commanding views. Conceived as a passive dwell, it allows winter heat in from the south and blocks the sun during the summer. The house's orientation naturally grabs ocean breezes from the west and mountains breezes to the east.
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| Mar 19, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017