1157 Alexandra Lane
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1157 Alexandra Lane

C

Encinitas, CA 92024

$2,388,000
NEW — 5d

Soft Appraisal Value: $2,307,800 · 3.5% above estimate

Beds

3

Baths

2.5

Sqft

2,186

Year Built

2001

Days on Market

5

Property Type

Single Family

HOA/mo

$315

MLS ID

NDP2606384

This property is in Encinitas (92024). View neighborhood stats →

Virtual Tour

About This Property

Welcome home to this stunning Encinitas Ranch gem, lovingly maintained and thoughtfully transformed. Nestled in the charming Devonshire enclave, just under two miles from the beach, and walking distance to Fox Point Farms, with its Haven farm-to-table restaurant, neighborhood market, coffee shop, brewery, and charming farm. Also nearby are Encinitas Ranch Golf Course, the Encinitas Trail System, the SD Botanic Garden, community parks, major shopping, Downtown Encinitas, Leucadia, and some of North County's finest beaches. Soaring 10-foot ceilings, rich hardwood floors, recessed lighting, and silhouette blinds create a warm and welcoming atmosphere from the moment you walk in, while a beautiful wooden staircase anchors the main living area with a classic, timeless feel. The gourmet kitchen is an absolute dream, featuring gleaming quartz countertops, an island, a walk-in pantry, and oversized kitchen sink with a window that looks out to the backyard resort setting. The appliances include a natural gas stove, smart convection oven, built in smart microwave, newer refrigerator, built-in range hood, and dishwasher. The spacious master suite offers peaceful ocean views and a private rebuilt Trex deck, along with two walk-in closets and two separate vanities. Additional bedrooms are connected with a Jack and Jill bathroom making it a wonderfully functional floor plan. Beautifully landscaped with palm trees, the backyard is an absolute showstopper. Picture evenings soaking in your in-ground spa beneath a dramatic waterfall, gathering with friends around the fire pit, or hosting weekend cookouts at the built-in bar and BBQ. With a flat-screen TV, speakers, and ambient lighting already in place, this outdoor space is ready for whatever you have planned. The converted garage entertainment room adds even more living space for movie nights, a home gym, a game room, or whatever fits your lifestyle. The home has been thoughtfully improved from top to bottom so you can move in and simply enjoy: - Fully owned solar panel system with battery backup and Tesla car charger - Nest Smart Home system with security cameras, video doorbell, smart thermostat, and CO2/smoke detectors - Newer water heater, A/C, and heating system - Newer spa equipment - Whole-home Carbon Filtration System,and Reverse Osmosis at the kitchen sink. - Interior wall insulation for a wonderfully quiet living environment - Solid core interior doors with newer hardware - Widened driveway - Garage door opener Flexible showing schedule. Please have your PROOF OF FUNDS ready, and come see this beautiful home!

Mortgage Calculator

Est. Monthly Payment

$15,475

Principal & Interest$12,075
Property Tax$2,388
Insurance$697
HOA$315
%($477,600)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,843
Monthly Cashflow

Rent − PITIA

$-8,632
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,196

Mortgage (P+I)
$12,075
Cap Rate
-0.06%
Cash-on-Cash
-30.64%
DSCR

Need ≥ 1.25 for DSCR loan

0.44
Break-even Rent
$22,682

NOI (Annual)
$-1,451
Price-to-Rent

Lower = better for investors

29.1

* 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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