824 Neptune Avenue, Encinitas, 92024
Current Owner: Leonard Okun
List Price: $11,995,000
The newly constructed oceanfront estate at 824 Neptune Avenue in Encinitas is billed as “an exquisite masterpiece” that is “sophisticated and inspiring” as it “embodies the finest attributes of water front living.”
The residence features five bedrooms, five and a half baths, and just shy of 5300 square feet of living area under its roof. This space includes an “indulgent master retreat” with steam shower (one of a pair located in the home), in-floor radiant heating, “Robern uplift medicine cabinets, a Jacuzzi tub (there are two in the residence), and towel warmers.”
The rest of the home features “timeless and elegant materials,” including “Kolbe-Kolbe windows, a kitchen with Miele appliances, Phylrich hardware...automatic SieMatic cabinets, and under paneled lighted quartzite counters and backsplash.” A Crestron home automation system controls audio and visual functions, heating and air conditioning, window shades, lighting, and the security surveillance system. “Walnut wood and limestone are used throughout, Cover Glass USA frameless glass doors [which retract to provide a seamless indoor/outdoor transition] are featured on the entertaining level.”
“The centerpiece of the limestone residence,” listing materials promise, “is a three-story circular stairwell with a 20-foot chandelier and under lighting under the stairs.” There’s also a glass elevator that “services all three floors with custom mosaics done by Rick Skalak, which are also featured in the Wynn, Bellagio, and Peninsula Hotels.”
In addition to “eight different living spaces inside the home” that provide ocean views “from La Jolla to Dana Point,” there’s a 2000-square-foot outdoor terrace with fire pit, built-in heaters, and a fountain, as well as an upper deck providing an additional 300 square feet of outdoor living area.
The property boasts a three-car garage garage that “includes a lift from the lower level that converts two spaces into three interior parking spaces, which is perfect for a weekend sports car.” There’s also a “new fully engineered lower and upper seawall with mid bluff stabilization.” Several permits have been issued for such improvements along Neptune recently, though they’re controversial in the eyes of environmental activist organizations such as Surfrider San Diego, which calls new development close to the edge of the Encinitas cliffs “a perpetuation of irresponsible planning, especially in light of sea-level rise and climate change.”
According to public records, the current owner of the Neptune property is Dr. Leonard M. Okun, a surgeon licensed in both California and Pennsylvania. The assessed value of the property is $80,802 as of 2015, which carried an annual tax bill of $1496 when it was still classified as vacant land.
The completed home, which appears to have never been occupied, was listed for sale in late July with an asking price of $11,995,000 that remains unchanged to date.