12202 Paseo Lucido

12202 Paseo Lucido #D

D

Rancho Bernardo, CA 92128

$750,000
NEW — 3d on market

Soft Appraisal Value: $738,300 · 1.6% above estimate

Beds

2

Baths

2

Sqft

1,280

Year Built

1985

Days on Market

3

Property Type

Condo

HOA/mo

$599

MLS ID

260007162SD

View on MLS

Description

Tucked within the highly desirable Bernardo Heights community of Rancho Bernardo, this beautifully updated single story, end-unit residence offers the perfect blend of comfort, style, and resort-like living. With no neighbors above, this 2-bedroom, 2-bath home features a light-filled open layout enhanced by vaulted ceilings. The living room is a true focal point of the home, showcasing breathtaking panoramic views of Rancho Bernardo, The Heights Golf Club and the distant mountains. Large windows fill the space with natural light, while a cozy fireplace creates an inviting atmosphere for relaxing or entertaining. A charming built-in window seat adds both character and functionality, offering additional seating to enjoy the breathtaking panoramic views, creating a serene backdrop for everyday living. The spacious and bright primary suite continues the experience, featuring the same stunning views and providing a peaceful, private retreat. The room has a large closet and en-suite bath with dual sinks and walk-in shower. The second bedroom is generously sized, making it perfect for residents, guests, a home office or extended family, while the adjacent second bathroom offers convenient access for visitors. A separate dining room with light filled windows is adjacent to the living area and the beautifully refreshed kitchen complete with new stainless-steel appliances, sleek quartz countertops, and modern finishes. Additional highlights that elevate the home’s appeal include new luxury vinyl plank flooring in the main living areas and new carpet in the bedrooms. A spacious 2-car garage adds convenience and storage. Home is located within the award-winning Poway Unified School District. Residents enjoy access to the Community Association of Bernardo Heights, offering resort-style amenities such as a clubhouse, pools, spa, fitness center, tennis and pickleball courts, basketball hoops, outdoor grilling areas, and more, along with access to nearby Lucido Park. This move-in-ready home presents a rare opportunity to enjoy elevated living in one of Rancho Bernardo’s premier master-planned communities.

Mortgage Calculator

Est. Monthly Payment

$5,360

Principal & Interest$3,792
Property Tax$750
Insurance$219
HOA$599
%($150,000)
%

Investment Score

2D
Est. Monthly Rent
$3,260
Monthly Cashflow

Rent − PITI − HOA

$-2,100
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,475

Mortgage (P+I)
$3,792
Cap Rate
0.51%
Cash-on-Cash
-27.80%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.61
Break-even Rent
$7,773

NOI (Annual)
$3,806
Price-to-Rent

Lower = better for investors

19.2

* 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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