I present for your consideration:

A beachfront property in Oceanside. Yes, it faces the ocean, but Oceanside is not La Jolla. In addition the “house” is 796 square feet and was purchased in 2000 for $599K.

Current price tag: two and one half million…. $2,500,000.00.

Redfin link:

http://redfin.com/stingray/do/printable-listing?listing-id=892675

BTW the price per sq foot pencils out to $3100.

No photo – for that price tag and even as a tear-down, I would expect at LEAST a pic of the ocean it faces.