**INVESTOR SPECIAL!** This is a paper sale opportunity** with approved plans for a 5,000 sq ft dream home in one of Encinitas’ most sought-after coastal neighborhoods. Located on a sprawling 0.34-acre corner lot at 890 Capri Rd, this property offers exceptional potential for builders, developers, or visionaries looking to create something extraordinary. Whether you run with the seller’s architectural plans or bring your own design, this lot delivers rare possiblities. Zoned R-1 with generous frontage, it’s ideal for new construction, adding an ADU, or a long-term hold. The site currently includes a charming 1936 2-bedroom, 1-bath home and detached garage—offering rental or holding income while you prepare your build. Enjoy partial ocean and hillside views, mature trees, and tranquil surroundings, just minutes to the beach, top-rated schools, restaurants, and shops. Don’t miss this iNVESTOR SPECIAL—a unique chance to craft something special in North County San Diego where space, location, and upside are rarely available in one place.