Rare development opportunity west of I-5 in Leucadia! This half-acre property offers exceptional potential and possibility in a prime location. Create your ideal coastal compound, maximize income potential or build your dream home by the beach. The SB9 (Home Act) may allow two single-family homes and lot to be split into two parcels. The light and bright 2/1, 1020 sq ft main residence is surrounded by a spacious deck and inviting outdoor patio with built-in fireplace, perfect for relaxing or entertaining. There are two detached secondary units on the property including a 650 sqft 1/1 and a 270 sqft converted 1/1 + loft garage. The property includes an abundance of recently planted trees, solar, raised garden beds, avocado, pomegranate and citrus trees. Located near the vibrant downtown Leucadia corridor, walking distance to gorgeous beaches, the Coaster, Farmers Market, Orpheus dog park and 1.5 miles to Encinitas Ranch Golf Course. Property was recently appraised at $1,875,000! This is the opportunity you have been waiting for.