A rare opportunity to own one of San Diego Bay's premier view properties and unlock exceptional equity potential. Located in Point Loma's prestigious La Playa neighborhood, between the world-renowned San Diego Yacht Club and Southwestern Yacht Club, this 9,700+ sq. ft. gently sloping lot is surrounded by luxury estates. Build your dream estate without years of coastal permitting delays. This shovel-ready opportunity includes approved plans in the final submission phase and Coastal Commission clearance already secured. The proposed 6,033 sq. ft. residence features 5 bedrooms (plus optional 6th), 5.5 baths, an elevator, 4-car tandem carport, and 2,086 sq. ft. of view decks designed to maximize breathtaking panoramas of San Diego Bay, the downtown skyline, passing yachts, sparkling city lights, and the city's iconic fireworks. The property offers dual access from Rosecrans Street and San Antonio Place (via private easement), mature fruit trees, and a coveted private easement to the historic waterfront Bessemer Path. Enjoy easy access to Kellogg Beach, Shelter Island, marinas, and the best of Point Loma's waterfront lifestyle. Not ready to build? The existing 4-bedroom home is comfortable and move-in ready, allowing you to enjoy the spectacular views while planning your future masterpiece. This is a rare chance to create a world-class estate in one of San Diego's most exclusive bayside neighborhoods. *This sale includes the existing property plus approved plans for a 6033 sqft residence that are in the final submission phase with the City of San Diego.*
Sewer Connected, Water Connected
Driveway, Garage, Garage Door Opener
Driveway, Garage, Garage Door Opener
Bay, City Lights, Harbor, Marina, Ocean, Panoramic, Bridge(s), Water
Built-in Features, Balcony, Ceiling Fan(s), Living Room Deck Attached, Recessed Lighting, Bedroom on Main Level, Main Level Primary
Dishwasher, Free-Standing Range, Disposal, Microwave, Refrigerator
| Date | Details | Change |
|---|---|---|
| Price Reduced from $5,499,900 to $4,899,900 |
Chad Dannecker, Compass.
Based on information from California Regional Multiple Listing Service, Inc. as of August 7th, 2026 at 9:46am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.