1044 Palmaria Court

1044 Palmaria Court

D

Encinitas, CA 92024

$1,899,000
NEW — 3d on market

Beds

2

Baths

2.5

Sqft

1,230

Year Built

2024

Days on Market

3

Property Type

Townhouse

HOA/mo

$375

MLS ID

NDP2602672

Description

Welcome to a rare opportunity in Fox Point Farms, where coastal living meets a thoughtfully curated farm-to-table lifestyle unlike anything else in Encinitas—or all of San Diego. Ideally situated on a premier lot directly facing the farm, 1044 Palmaria Court is one of only a limited number of homes in the community with unobstructed farm frontage—an exceptionally scarce and highly sought-after offering. Enjoy open skies, seasonal crops, and even farm animals just beyond your doorstep, creating a setting that feels both grounded and transportive—truly a “farm by the beach” experience that is nearly impossible to replicate. Fox Point Farms offers a vibrant, built-in lifestyle centered on connection, wellness, and community. Residents enjoy a walkable environment with an on-site restaurant, café, brewery, market, and event spaces, along with a dynamic calendar of activities—from beekeeping and line dancing to yoga and hands-on farm experiences. A low HOA fee further enhances the value, including access to a resort-style pool, well-appointed fitness center, clubhouse, and dog park.With access to fresh, locally grown produce and optional farm box deliveries, farm-to-table living becomes an effortless part of everyday life. Inside, the home is filled with natural light and thoughtfully designed for both comfort and retreat. A private California room provides a peaceful escape overlooking the farm, while the main living areas open to a balcony that captures coastal breezes and scenic surroundings. Both bedrooms feature en-suite baths for privacy, and an additional balcony offers charming peek-a-boo ocean views. Modern efficiency meets elevated living with owned solar and the Shea Connect smart home system, featuring enhanced Wi-Fi, smart thermostat control, keyless entry, and integrated security. The attached two-car garage includes epoxy flooring and built-in storage, combining functionality with a clean, polished finish. Opportunities like this are exceptionally limited. With only a handful of farm-facing homes in the entire community, this residence offers a truly unique chance to experience a lifestyle that is connected, inspired, and distinctly coastal.

Mortgage Calculator

Est. Monthly Payment

$12,430

Principal & Interest$9,602
Property Tax$1,899
Insurance$554
HOA$375
%($379,800)
%

Investment Score

0D
Est. Monthly Rent
$3,729
Monthly Cashflow

Rent − PITI − HOA

$-8,701
Full Cashflow

Incl. vacancy, PM, maint, capex

$-11,142

Mortgage (P+I)
$9,602
Cap Rate
-0.97%
Cash-on-Cash
-35.20%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.30
Break-even Rent
$18,199

NOI (Annual)
$-18,470
Price-to-Rent

Lower = better for investors

42.4

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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