Introducing 1386 Lake Drive: A Rare Gem in Encinitas! Discover one of the last remaining properties of its kind in this premier Encinitas location, perched on the desirable high side of Lake Drive, adjacent to Crest Drive. This ocean view lot spans nearly one acre, featuring a level to slight slope, and boasts over 160 feet of road frontage and 230 feet in depth. Existing improvements include a +/- 1,480 SQFT 3-bed 2-bath California beach bungalow home, detached guest unit, beautifully landscaped yard, complete with an inviting in-ground pool surrounded by lush tropical foliage. The neighborhood is rapidly evolving, with neighboring properties featuring new custom home builds ranging from 4,000 to over 6,000 square feet. A lot split is currently in process through the City of Encinitas, offering a Buyer maximal optionality to remodel the existing home, finalize the split, and either construct multiple residences or create a dream coastal estate. Ideally situated within walking distance to Cardiff Sports Park, Bobby Riggs Racket & Paddle, San Dieguito Academy High School, Ada W. Harris Elementary, and an array of scenic beaches from Encinitas to Cardiff. With all that this unique property has to offer, seize the opportunity to own a slice of paradise in Encinitas!