
136 Hummingbird
Ctop 80%Encinitas, CA 92024Neighborhood: Olivenhain
This parcel holds a short-term rental permit: whole home, through Apr 2027. It doesn’t transfer: a buyer applies for their own.
2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 4, 2026.
Pass at asking: -$15,307/mo full cashflow at 20% down, 7.49% rate.
Works at $1,165,488 (63% under asking), or at 90% down.
Rent $11,675/mo from 11 leases of 3–5 bed houses within 1 mi ($9,305–$20,115). Previously leased for $10,800.
Beds
4
Baths
3
Sqft
4,200
Year Built
1993
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608798
This property is in Encinitas (92024). View neighborhood stats →
About This Property
AVAILABLE AGAIN at no fault of Property. Experience sweeping Rancho Santa Fe and valley views from this private half-acre hilltop retreat in sought-after Olivenhain. Reimagined with a coastal-modern aesthetic, the home blends modern comfort with Southern California indoor-outdoor living. Vibrant sunrises, glowing sunsets, and sparkling evening lights create an ever-changing backdrop. Nearly 40 windows and skylights fill the interior with natural light. Step through the custom front door into the dramatic great room with hickory engineered hardwood floors, 20-foot ceilings, and an expansive 20-foot Marvin glass door that frames the view and opens the home for entertaining. The remodeled chef's kitchen features quartzite countertops, a center island, custom cabinetry, and an easy connection to the dining and living spaces. Two main-level bedrooms offer flexible options for family, guests, or multigenerational living. Upstairs, the romantic primary suite is a retreat with a fireplace, French doors opening to its own deck, and arched windows framing captivating Rancho Santa Fe and valley vistas. The updated bath features extensive use of marble, and a floor-to-ceiling seamless glass shower. A separate bedroom-office includes custom cabinetry, built-in storage, and a queen-size Murphy bed for working from home or welcoming guests. Curved staircases and an open mezzanine add architectural character. Outside, enjoy a resort-style pool and raised spa, outdoor kitchen with newer barbecue, refreshed landscaping, new shade sails, and spaces for dining and relaxing. A winding hillside trail leads to two peaceful view terraces beneath mature trees. Recent improvements include exterior and interior paint, new energy-efficient, Wi-Fi-controlled ductless heating and air conditioning with independent zones, resurfaced outdoor areas, and a newer pool heater. Two private driveways provide abundant parking and main-level access. Minutes from coastal Encinitas, beaches, dining, shopping, and top-rated schools.
Mortgage Calculator
Est. Monthly Payment
$21,672
Location
Loading map...
Zoned Schools
Elementary
Park Dale Lane Elementary · grades K-6 · Encinitas Union Elementary
Middle
Oak Crest Middle · grades 7-8 · San Dieguito Union High
High
La Costa Canyon High · grades 9-12 · San Dieguito Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$11,675
Comp Average
$10,724
765 Val Sereno Drive
4bd / 2.5ba · 4,121 sqft · Single Family
$2.95M
Est. $10,339/mo
3105 Caminito Ricardo
5bd / 4ba · 4,422 sqft · Single Family
$3.40M
Est. $10,739/mo

3448 Bumann Road
5bd / 4.5ba · 4,482 sqft · Single Family
$4.29M
Est. $12,759/mo
1144 Hermes
5bd / 4ba · 3,963 sqft · Single Family
$4.00M
Est. $11,408/mo
3501 Lone Hill Lane
5bd / 4.5ba · 4,575 sqft · Single Family
$3.60M
Est. $8,374/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Previously leased for $10,800
11 leases of 3–5 bed houses within 1 mi · $9,305–$20,115
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$15,307/mo short at 20% down; 90% down or +$19,879/mo rent closes it.
- Break-even price
- $1,165,488
- Break-even rent
- $31,554/mo
- Cashflow at 35% down
- −$12,007/mo
- Down payment to break even
- 90%
- Rate to break even
- Not reachable
63% under asking
$19,879/mo above the estimate
$2,835,000 cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.49% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
Open Full Calculator