1375 Este
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1375 Este

Dbottom 20%

Encinitas, CA 92024Neighborhood: Cardiff-by-the-Sea

$6,885,000
STR-eligible · Encinitas, 3-night minimum · TOT 10%

2 licensed short-term rentals within ½ mile (1 whole home), from the cities' license and permit lists of Nov 10, 2026.

Pass at asking: -$40,533/mo full cashflow at 20% down, 7.43% rate.

Works at $1,607,467 (77% under asking); even all cash loses money at asking.

Rent $16,034/mo from 9 leases of 4–6 bed houses within 2 mi, same school area ($13,340–$21,213).

Beds

5

Baths

5.5

Sqft

5,695

Year Built

1996

Days on Market

78

Property Type

Single Family

HOA/mo

N/A

MLS ID

260020568SD

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

Virtual Tour

About This Property

Perched atop a private cul-de-sac off coveted Crest Drive, this extraordinary custom estate offers breathtaking panoramic ocean, lagoon, and mountain views just minutes from world-class beaches, dining, and shopping. Set on nearly two private acres, this is a rare opportunity to own one of the area's premier view properties. Designed to embrace its spectacular surroundings, the home features soaring ceilings, floor-to-ceiling windows, and expansive decks and patios that create seamless indoor-outdoor living. The thoughtfully designed floor plan includes an entry-level primary suite, three additional en-suite bedrooms, a private office, home theater, guest quarters with separate entrance, and a chef's kitchen. The resort-inspired backyard is an entertainer's dream, complete with a pool and spa, pickleball court, fire pit, and beautifully landscaped grounds overlooking the Pacific and surrounding nature preserves. Additional highlights include a temperature-controlled wine cellar, an elevator, an oversized three-car garage, whole-house water filtration and numerous premium upgrades throughout. Offering exceptional privacy, unmatched views, and an unbeatable coastal location within a highly acclaimed school district, this is luxury living at its finest.

Mortgage Calculator

Est. Monthly Payment

$47,142

Principal & Interest$38,249
Property Tax$6,885
Insurance$2,008
%($1,377,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Ada W. Harris Elementary · grades 3-6 · Cardiff 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.

Investment Score

0D
Est. Monthly Rent
$16,034

9 leases of 4–6 bed houses within 2 mi, same school area · $13,340–$21,213

Monthly Cashflow

Rent − PITIA

-$31,108
Full Cashflow

Incl. vacancy, PM, maint, capex

-$40,533

What would make this work?

$40,533/mo short at 20% down; +$52,641/mo rent closes it.

Break-even price

77% under asking

$1,607,467
Break-even rent

$52,641/mo above the estimate

$68,675/mo
Cashflow at 35% down
−$33,362/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$38,249
Cap Rate
-0.26%
Cash-on-Cash
-35.32%
DSCR

Need ≥ 1.25 for DSCR loan

0.34

NOI (Annual)
-$17,791
Price-to-Rent

Lower = better for investors

35.8

* Modelled at 20% down, 7.43% 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.

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DCashflow−$40,533/mo