1331 Berryman Canyon Road
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1331 Berryman Canyon Road

D

Encinitas, CA 92024

$5,598,000

Soft Appraisal Value: $5,406,700 · 3.5% above estimate

Beds

4

Baths

3.5

Sqft

5,481

Year Built

2025

Days on Market

267

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2508409

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

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About This Property

Introducing Berryman Canyon Lot 2, a rare and refined opportunity to own a luxury estate in progress, perched above a serene canyon in the coveted Encinitas Enclave in a 1.31-acre homesite is masterfully positioned to capture sweeping views of rugged canyons, rolling hills, and shimmering city lights. Located just minutes from the I-5, upscale shopping, fine dining, top-tier schools, and iconic Southern California beaches, this property offers the perfect blend of tranquility and convenience. Meticulously planned Homes, this custom-designed residence will span approximately 5,400 sq ft, blending timeless architectural charm with elevated modern elegance. The approved plans feature 3,146 sq ft on the main level, including 4 spacious bedrooms, 3.5 bathrooms, a gourmet chef’s kitchen, café-style dining, expansive family room, oversized walk-in pantry, and a 2-car garage. The upper level adds 1,824 sq ft of flexible space, ideal for additional bedrooms, a private retreat, or a future 1,200 sq ft ADU. Endless possibilities for a wellness studio, creative space, or luxurious guest quarters. Seamless indoor-outdoor living awaits with glass bi-fold doors opening to a resort-style courtyard featuring a sparkling pool, jacuzzi, fire pit, outdoor showers, and built-in grill, perfect for elegant al fresco entertaining. Thoughtfully designed for multigenerational living, this estate offers both comfort and versatility in a truly exceptional setting. Located near top-rated schools, 1331 Berryman Canyon is more than a home, it’s a lifestyle! Now is the perfect moment to connect, buyers have the exclusive opportunity to personalize finishes and bring their vision to life in this extraordinary coastal retreat. All renderings, plans, and descriptions are subject to change without notice. Square footage, features, and timelines are approximate and may vary. Neither the listing agent nor the developer shall be held liable for modifications made during the construction process. Estimated completion: May 2026.

Mortgage Calculator

Est. Monthly Payment

$35,537

Principal & Interest$28,307
Property Tax$5,598
Insurance$1,633
%($1,119,600)
%

Location

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Investment Score

0D
Est. Monthly Rent
$9,492
Monthly Cashflow

Rent − PITIA

$-26,046
Full Cashflow

Incl. vacancy, PM, maint, capex

$-32,894

Mortgage (P+I)
$28,307
Cap Rate
-0.98%
Cash-on-Cash
-35.26%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$52,211

NOI (Annual)
$-55,046
Price-to-Rent

Lower = better for investors

49.1

* 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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