12245 Carmel
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12245 Carmel #290

C

Carmel Valley, CA 92130

$669,000
NEW — 3d

Soft Appraisal Value: $650,600 · 2.8% above estimate

Beds

1

Baths

1

Sqft

951

Year Built

1985

Days on Market

3

Property Type

Condo

HOA/mo

$599

MLS ID

260015473SD

This property is in Carmel Valley (92130). View neighborhood stats →

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About This Property

Resort-style living awaits in the heart of Carmel Valley. Tucked within the highly sought-after Lakes community, this top-floor, light-filled residence offers the perfect blend of tranquility, natural beauty, and coastal living. Soaring vaulted ceilings and a dramatic two-story floor plan create an open, inviting atmosphere filled with natural light. The living space flows to a private balcony overlooking lush greenbelts, tennis courts, and rolling hills. The versatile loft, illuminated by a skylight, serves as a cozy retreat and features a rare walk-in attic with exceptional storage seldom found in condominium living. Surrounded by sparkling lakes, flowing streams, and landscaped walking paths, The Lakes offers a peaceful park-like setting with resort-style amenities including a pool, spa, clubhouse, BBQ area, tennis and pickleball courts, and ample guest parking. Minutes from world-renowned Torrey Pines, Del Mar beaches, One Paseo, Del Mar Highlands, award-winning schools, and Highways 56 and I-5, this home offers the best of Carmel Valley living. A rare opportunity in one of Carmel Valley’s most desirable communities.

Mortgage Calculator

Est. Monthly Payment

$4,846

Principal & Interest$3,383
Property Tax$669
Insurance$195
HOA$599
%($133,800)
%

Location

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Investment Score

24D
Est. Monthly Rent
$3,003
Monthly Cashflow

Rent − PITIA

$-1,843
Full Cashflow

Incl. vacancy, PM, maint, capex

$-3,091

Mortgage (P+I)
$3,383
Cap Rate
0.52%
Cash-on-Cash
-27.72%
DSCR

Need ≥ 1.25 for DSCR loan

0.62
Break-even Rent
$7,017

NOI (Annual)
$3,502
Price-to-Rent

Lower = better for investors

18.6

* 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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