1280 Santa Fe Dr
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1280 Santa Fe Dr

C

Encinitas, CA 92024

$3,400,000

Soft Appraisal Value: $3,302,500 · 3.0% above estimate

Beds

5

Baths

5.5

Sqft

4,796

Year Built

2009

Days on Market

147

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003345SD

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

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About This Property

MAJOR PRICE REDUCTION — NOW OFFERED AT $3,400,000. BEST VALUE PER SQUARE FOOT IN NORTH COUNTY COASTAL. This is the opportunity serious buyers and investors have been waiting for. Nearly 5,000 square feet, detached ADU, detached office, and panoramic ocean views — all at a price per square foot that doesn't exist anywhere else in this market at this size. For the buyer who sees what this property is, this is a significant value-add opportunity. The bones, the layout, the views, and the scale are all here. The upside for the right buyer is real. Panoramic ocean views. Total privacy. Something different. There's a reason homes like this rarely trade hands. Tucked into one of Encinitas' most desirable coastal pockets, this estate delivers what most buyers spend years searching for — ocean views that actually feel big, spaces that live larger than expected, and a layout that separates when you want separation and connects when you want connection. Main house. Detached suite. Separate creative spaces. Sunset rooftop moments. Courtyard mornings. Indoor/outdoor flow that feels intentional rather than forced. If you've been waiting for something that doesn't feel like everything else on the market — and at a price that reflects today's reality — this is it.

Mortgage Calculator

Est. Monthly Payment

$21,584

Principal & Interest$17,192
Property Tax$3,400
Insurance$992
%($680,000)
%

Location

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Investment Score

6D
Est. Monthly Rent
$11,579
Monthly Cashflow

Rent − PITIA

$-10,005
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,502

Mortgage (P+I)
$17,192
Cap Rate
0.60%
Cash-on-Cash
-27.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$31,711

NOI (Annual)
$20,286
Price-to-Rent

Lower = better for investors

24.5

* 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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