Opportunity awaits on nearly 3/4 of an acre in one of Encinitas' most sought-after pockets. This canyon-view property offers a rare combination: room to dream, income potential from day one, and a location surrounded by beautiful new construction that signals a neighborhood on the rise. The main house is a 2-bedroom, 2-bath home with a bonus basement-level bedroom, offering flexible living space today. But the real value here is in what comes next - this home is ideally suited for a full remodel or, better yet, a ground-up rebuild. Envision a stunning custom home taking in canyon views from the main level, with a second story potentially capturing coveted ocean views. Buyers and builders will appreciate the generous 33,000+ sq ft lot, giving real room to design without compromise. What sets this property apart is the detached 2-bedroom, 1-bath ADU currently rented at $3,500/mo. Whether you live in it while you build your dream home on the main lot, or rent it out to help offset your mortgage, the ADU adds flexibility and value that's hard to find elsewhere. Surrounded by newly built and recently remodeled homes, this is a community actively investing in itself - buy now and be part of that momentum. Perfect for a flip, investor, or homebuilder.