14238 Via Michelangelo
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14238 Via Michelangelo #450

C

Rancho Peñasquitos, CA 92129

$3,600,000

Soft Appraisal Value: $3,451,900 · 4.3% above estimate

Beds

4

Baths

5.5

Sqft

5,576

Year Built

2005

Days on Market

51

Property Type

Single Family

HOA/mo

$345

MLS ID

260011001SD

This property is in Rancho Peñasquitos (92129). View neighborhood stats →

Virtual Tour

About This Property

The biggest home for sale in 92129. You may have passed by and not even known that tucked away in Torrey Highlands is Villaggio Firenze, an exclusive 14 home community of Tuscan-inspired villas. Now, there is a rare opportunity to own a superb architecturally designed masterpiece distinguished by imported Italian mahogany windows, arched French doors and elegant finishes throughout. The resort-style backyard is truly unforgettable - featuring a sparkling pool, multiple entertaining spaces, peaceful lounge areas and an atmosphere designed for both grand gatherings and quiet relaxation enhanced by the natural open space canyon and walking trail. Offering the feel and sophistication more commonly associated with Fairbanks Ranch estates, this is a unique chance to enjoy luxury estate living right in the convenience of Torrey Highlands and the Poway Unified School District. The 5 bedroom, 5 ½ bathroom, three story design, including the 3rd floor 450 sqft Belvedere loft and the additional 980 sqft bonus room above the garage offering endless possibilities for multigenerational living, executive office space, guest quarters, a gym, theater, game room, or creative retreat. This is a home that truly must be experienced in person. Reserve your VIP preview today. In the early 2000’s a major developer from Florence Italy, upon urging from his daughter Paola, decided to buy land in the area, and build this neighborhood. With Italian designers, and on-site Italian supervision, incorporating many imported finishes – Villaggio Firenze was created. Remarkably solid construction, using steel I-Beams and 6-8” walls, these homes stand as a beautiful glimpse of Italy, and the Tuscan Coast, here in San Diego. The architectural details of this home are superb. No expense was spared in the construction. Beautiful, imported Mohogany doors and windows, solid wood interior doors, Travertine flooring, and imported bath vanities. A 35-panel owned solar system, 3 HVAC systems, amazing backyard with a large pool house, no Mello Roos, and the benefit of the Adobe Elementary School (offering its award winning Mandarin/Dual Language Immersion Program), Black Mountain Middle School, and Westview High School with its new $17 million state-of-the-art career Technical Education facility that provides specialized spaces for robotics and engineering programs. The central location with easy access to the Del Mar Beach and Torrey Pines State Beach, additionally CA-56 and 15 Freeway provide efficient travel from San Diego to North County. Nearby Black Mountain and The Los Penasquitos Canyon Preserve provide all outdoor enthusiasts the trails for hiking and biking

Mortgage Calculator

Est. Monthly Payment

$23,199

Principal & Interest$18,204
Property Tax$3,600
Insurance$1,050
HOA$345
%($720,000)
%

Location

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Comparable Properties

2 comps found

This Property

$7,928

vs

Comp Average

$6,710

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$7,928
Monthly Cashflow

Rent − PITIA

$-15,271
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,094

Mortgage (P+I)
$18,204
Cap Rate
-0.63%
Cash-on-Cash
-33.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$34,024

NOI (Annual)
$-22,685
Price-to-Rent

Lower = better for investors

37.8

* 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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