1355 Rainbow Ridge Lane
DEncinitas, CA 92024
Soft Appraisal Value: $4,087,300 · 2.1% below estimate
Beds
2
Baths
1
Sqft
1,170
Year Built
1950
Days on Market
5
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2602774
Description
Looking for outstanding views, where vivid sunrises and dynamic sunsets are an everyday occurrence? This is it! First time on the market in over 50 years, opportunities like this are truly rare. Perched atop a hill with unbeatable backcountry views of Indian Head Canyon and Encinitas Ranch Golf Course, combined with excellent westerly views toward the ocean, this property offers a breathtaking setting from sunrise to sunset. This gated flag-lot parcel spans 1.72 acres in coastal Leucadia, offering exceptional privacy. You’ll be amazed by how much of the land is flat and usable, perfect for creating a legacy family compound, with the potential to subdivide into two oversized parcels. Current zoning is RR2 (Rural Residential—2 units per acre), with a minimum lot size of 21,500 sq. ft. The well-maintained original concrete block home has been tastefully updated over time and could potentially be retained as fantastic guest quarters. Located near the south end of Rainbow Ridge Lane, the property includes a clicker to a private gate providing convenient ingress and egress to the south, a luxury enjoyed only by this section of the street. This is a once-in-a-lifetime opportunity to enjoy the ultimate coastal lifestyle, with the beach just minutes away, along with great restaurants, shopping, and easy freeway access.
Mortgage Calculator
Est. Monthly Payment
$25,393
Comparable Properties
4 comps foundThis Property
$3,847
Comp Average
$5,914
135 4th Street
2bd / 1ba · 1,132 sqft · Single Family
$2.80M
Est. $3,807/mo
1875 Parliament Drive
3bd / 3ba · 1,855 sqft · Single Family
$3.20M
Est. $6,691/mo
215 Vulcan Drive
3bd / 1.5ba · 1,975 sqft · Single Family
$3.40M
Est. $6,477/mo
498 Neptune
3bd / 2ba · 1,800 sqft · Single Family
$5.15M
Est. $6,682/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITI − HOA
Incl. vacancy, PM, maint, capex
⚠️ Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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