185 Saxony Rd, Encinitas, CA 92024
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
Listed by: ray adams
Office: ray adams investment real estate inc
MLS#:260010705
Source:San Diego MLS via CRMLS
Price summary
- Price:$20,100,000
- Price per sq. ft.:$1,075.44
About this home
Kidder Mathews is proud to exclusively offer for sale this fully renovated, 32-unit luxury apartment community in the heart of coastal Encinitas. Nestled in one of North San Diego County’s most coveted beachside enclaves—just 0.8 miles from Moonlight State Beach and under 1 mile from Downtown Encinitas’ bustling shops, restaurants, and surf culture— The Gemma delivers an irreplaceable walk-to-everything lifestyle in a market with virtually no new supply. This turn-key trophy asset has undergone a complete 2025 renovation to institutional standards, featuring all-new quartz countertops, fully renovated kitchens and bathrooms, luxury vinyl plank flooring, new AC units, a brand-new roof, and full re-plumbing with new water supply lines in every unit. The freshly painted exterior enhances curb appeal, while 13 spacious two-bedroom, two-bath townhomes and 19 one bedroom, one-bath flats (32 units total) deliver a highly desirable, family-friendly mix commanding premium coastal rents. With quality post renovation systems installed, minimal near-term CapEx, and Encinitas vacancy below 2.5%, The Gemma offers immediate stabilized cash flow, organic rent growth, and long-term appreciation in a submarket where median home prices exceed $2.1M. This rare offering combines 2025-renovated luxury, proven coastal demand, and embedded upside—a true core-plus investment in the crown jewel of North County....
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Home facts
- Listing ID #:260010705
- Added:192 day(s) ago
- Updated:November 13, 2026 at 03:33 PM
Rooms and interior
- Bedrooms:45
- Total bathrooms:45
- Full bathrooms:45
- Living area:18,690 sq. ft.
Structure and exterior
- Building area:18,690 sq. ft.
Finances and disclosures
- Price:$20,100,000
- Price per sq. ft.:$1,075.44
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