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185 Saxony Rd, 
Encinitas, CA 92024

$20,100,000

45

Beds

45

Baths

18,690

Sq Ft

Multi-Family

Active

Listed by

Ray Adams

Ray Adams Investment Real Estate Inc

Last updated:

May 5, 2026, 02:25 PM

MLS#

260010705

Source:

San Diego MLS via CRMLS

About This Home

185 Saxony Rd

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.

Home Facts

Multi-Family

45 Baths

45 Bedrooms

Price Summary

20,100,000

$1,075 per Sq. Ft.

MLS #:

260010705

Last Updated:

May 5, 2026, 02:25 PM

Added:

4 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

45

Bathrooms

Total Bathrooms:

45

Full Bathrooms:

45

Interior

Living Area:

18,690 Sq. Ft.

Structure

Structure

Building Area:

18,690 Sq. Ft.

Finances & Disclosures

Finances

Price:

$20,100,000

Price per Sq. Ft:

$1,075 per Sq. Ft.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.