185 Saxony Rd

Encinitas, CA 92024

$20,100,000
Price
45
Beds
18,690 Sq. Ft.
$1,075 / Sq. Ft.
18,690
Sq. Ft.
$1,075
per Sq. Ft.
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Description

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...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.
  1. Listed by Ray Adams • DRE #00989238 • Ray Adams Investment Real Estate Inc
    P: (619)-884-5456 C: (619)-884-5456 raire.inc@gmail.com

Property Details for 185 Saxony Road

Area Zip
ENCINITAS (92024)
Standard Status
Active
LISTING UPDATED: 05/06/2026 02:17 AM

Property Details for 185 Saxony Road

StatusActive
MLS #260010705
Days on Market28
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeCommercial-Res Income / Com-Res Income
Year Built-
Lot Size-
CountySan Diego County
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Location

Listing Courtesy of Ray Adams Investment Real Estate Inc, Ray Adams, DRE #00989238
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Building Information for 185 Saxony Road

Stories2Residences32Year Built-Building Size-Lot Size-

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$112,410 per month

30 year fixed, 6.36% Interest

Principal and Interest

$100,161

Property Taxes

$12,249

HOA Dues

$0

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Property Information for 185 Saxony Road

Summary
Location and General Information
  • Coordinates: -117.284388, 33.050583
  • Latitude: 33.050583
  • Longitude: -117.284388
  • MLS Area Major: Coastal North
Property
Lot Information
  • Building Area Total: 18690.0
  • Building Area Units: Sqft
  • Living Area: 18690
  • Living Area Units: Sqft
  • Lot Size Area: 0.0
  • Lot Size Units: Acres
  • Lot Size:
Property and Assessments
  • Parcel Number: 258-111-03-00
  • Property Sub Type: Com-Res Income
  • Property Type: Residential Income
  • Year Built: 0
  • Assumable Finance: 0.0
Interior and Exterior Features
Exterior Features
  • Community Features: Other/Remarks
  • Number Of Buildings: 7
Interior Features
  • Bathrooms Full: 45
  • Bathrooms Half: 0
  • Stories: 2
  • Bedrooms Count: 45
  • Baths Total: 45.0
Multi Family
Income & Expenses
  • Operating Expense: $341,850
  • Gross Scheduled Income: $1,247,592
Multi Family Information
  • Unit Rent1: 2806
  • Num of Units1: 16
  • Num of Units2: 13
  • Num of Units3: 3
  • Number Of Units Total: 32

Property History for 185 Saxony Road

DateEvent & SourcePriceAppreciation
May 4, 2026

Listed (Active)

SDMLS #260010705

$20,100,000—
Feb 14, 2024

Sold (Public Record)

Public Record #1527679535

$12,650,000

+6.0% / yr

Nov 9, 2001

Sold (Public Record)

Public Record #79927124

$3,450,000—
DateEvent & SourcePrice
05/04/2026

Listed (Active)

SDMLS #260010705

$20,100,000
02/14/2024

Sold (Public Record)

Public Record #1527679535

$12,650,000

+6.0% / yr

11/09/2001

Sold (Public Record)

Public Record #79927124

$3,450,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 185 Saxony Road

Taxable ValueLand$7,446,000Additions$5,457,000Total$12,903,000
Tax Record2025$146,984 ($12,249 / month)
Home Facts
Total Finished SqFt17,550 SqFtAbove Grade Finished SqFt17,550 SqFtLot Size48,787 SqFtStyleMulti-Family Res (5+ Units)Year Built1988ZoningR-3:RESTRICTECountySAN DIEGOAPN258-111-03-00

Schools near 185 Saxony Road

This home is within Encinitas Union Elementary School District.
Rating
School
Type
Grades
Distance
Capri Elementary School
Public - K to 6
Oak Crest Middle School
Public - 7 to 8
La Costa Canyon High School
Public - 9 to 12
San Dieguito High Academy
Public - 9 to 12
Rating
School
Distance
Capri Elementary School
PublicK to 6

Oak Crest Middle School
Public7 to 8

La Costa Canyon High School
Public9 to 12

San Dieguito High Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Encinitas
Encinitas
The flower capital of the world Located in the northern San Diego County, with six miles of Pacific coastline, the city of Encinitas offers a amazing blend of picturesque charm, sophistication, and contemporary culture.
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More information about 185 Saxony Road, Encinitas, CA 92024

185 Saxony Road is a multi-family home for sale in Encinitas, CA 92024. This property was listed for sale on May 4, 2026 by Ray Adams Investment Real Estate Inc, it's currently listed at $20,100,000. It has been on the market for a total of 28 days and was last sold on February 14, 2024. This listing's school districts are San Dieguito Union High School District, Encinitas Union Elementary School District. Nearby schools include Capri Elementary School, Oak Crest Middle School and La Costa Canyon High School. 185 Saxony Road is a 45-bed, 45-bath, 18,690 sqft multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Ray Adams Investment Real Estate Inc, Ray Adams, DRE #00989238

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