1205 Muirlands Dr
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1205 Muirlands Dr

Dbottom 20%

La Jolla, CA 92037

$23,995,000
STR-eligible · San Diego Tier 3 · TOT 12.75%

One license per person in San Diego: whether you can hold it depends on you, not only the home.

20 licensed short-term rentals within ½ mile (8 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$159,852/mo full cashflow at 20% down, 7.43% rate.

Works at $3,182,211 (87% under asking); even all cash loses money at asking.

Rent $31,741/mo from 9 leases of houses within 0.5 mi, same school area, size-adjusted ($28,435–$34,432).

Beds

8

Baths

11

Sqft

14,768

Year Built

1929

Days on Market

90

Property Type

Single Family

HOA/mo

N/A

MLS ID

260019577SD

This property is in La Jolla (92037). View neighborhood stats →

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About This Property

A $3 MILLION SIGNIFICANT REPOSITIONING OF AN ICONIC CALIFORNIA ESTATE! THE VERSAILLES OF LA JOLLA One of California’s great private estates is now available for sale! A once-in-a-generation opportunity to acquire one of California’s truly great estates. There are beautiful homes. There are extraordinary homes. And then there are estates that transcend real estate—properties that become part of the architectural and cultural fabric of a place. The Versailles of La Jolla is one of those estates. Commanding an extraordinary setting in the coveted Muirlands, this magnificent historic estate offers an exceptional combination of architectural pedigree, extraordinary scale, privacy, resort-style amenities, and panoramic Pacific views. Designed by esteemed architect Edgar Ulrich, the residence is a remarkable expression of European elegance infused with a distinctly California sensibility. Its architectural and historical significance is further distinguished by its coveted Mills Act designation. Thoughtfully expanded and modernized by the current owner in collaboration with Island Architects, the estate preserves its historic character and original charm while providing the sophistication, comfort, and livability expected of a world-class private residence. A ONCE-IN-A-GENERATION OPPORTUNITY TO OWN ONE OF CALIFORNIA'S MOST EXTRAORDINARY PRIVATE ESTATES A LEGACY IN LANDSCAPE Set on approximately 2.65 irreplaceable acres, the grounds are an extraordinary estate within the estate. Inspired by the grandeur of Balboa Park and associated with the landscape vision of legendary horticulturist Kate Sessions, the “Mother of Balboa Park,” the gardens unfold through mature landscaping, formal gardens, secluded pathways, terraces, and exceptional outdoor entertaining spaces. Then there is the view. Sweeping, uninterrupted panoramas stretch across the Pacific and along the California coastline, with spectacular ocean vistas and extraordinary sunsets providing a breathtaking backdrop from the property. The setting is simply irreplaceable. A PRIVATE RESORT Designed as a private resort, The Versailles of La Jolla offers an extraordinary collection of amenities rarely found within a single residential estate. A magnificent saltwater pool and spa anchor the grounds, complemented by a luxurious pool cabana with full kitchen and bath. A regulation tennis court provides a private venue for competitive play or leisurely matches. Two beautifully appointed guest residences offer exceptional accommodations for family, friends, distinguished guests, or staff—creating privacy and flexibility rarely possible within a single residential compound. THE ART OF ENTERTAINING Inside, the estate rivals the finest private clubs. A spectacular Hollywood-style theater, expansive game room, and sophisticated billiard and bar lounge create extraordinary spaces for entertaining. A dedicated music room and study provide an inspiring environment for creativity, work, or quiet reflection. The chef’s kitchen, outfitted with top-tier appliances, combines exceptional functionality with refined design. A gracious formal sitting room offers an elegant setting for intimate entertaining and conversation. For the ultimate enthusiast, a state-of-the-art golf simulator brings the game home, adding another dimension to this remarkable private resort. Grandly proportioned interiors, soaring ceilings, exquisite architectural detailing, and expansive walls of glass further elevate the residence, while the seamless connection between interior spaces and the extraordinary grounds embraces the quintessential La Jolla lifestyle.

Mortgage Calculator

Est. Monthly Payment

$164,296

Principal & Interest$133,302
Property Tax$23,995
Insurance$6,999
%($4,799,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Jolla Elementary · grades K-5 · San Diego Unified

  • Middle

    Muirlands Middle · grades 6-8 · San Diego Unified

  • High

    La Jolla High · grades 9-12 · San Diego Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$31,741

9 leases of houses within 0.5 mi, same school area, size-adjusted · $28,435–$34,432

Monthly Cashflow

Rent − PITIA

-$132,555
Full Cashflow

Incl. vacancy, PM, maint, capex

-$159,852

What would make this work?

$159,852/mo short at 20% down; +$207,599/mo rent closes it.

Break-even price

87% under asking

$3,182,211
Break-even rent

$207,599/mo above the estimate

$239,340/mo
Cashflow at 35% down
−$134,857/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$133,302
Cap Rate
-1.25%
Cash-on-Cash
-39.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.19

NOI (Annual)
-$299,547
Price-to-Rent

Lower = better for investors

63.0

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

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

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DCashflow−$159,852/mo