
1477 Neptune Avenue
Dbottom 20%Encinitas, CA 92024Neighborhood: Leucadia
79 licensed short-term rentals within ½ mile (66 whole home), from the cities' license and permit lists of Nov 1, 2026.
Pass at asking: -$27,375/mo full cashflow at 20% down, 7.49% rate.
Works at $775,906 (82% under asking); even all cash loses money at asking.
Rent $7,772/mo from 8 leases of 4-bed houses within 2 mi ($7,568–$10,082).
Beds
4
Baths
2.5
Sqft
2,382
Year Built
2001
Days on Market
180
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2604277
This property is in Encinitas (92024). View neighborhood stats →
About This Property
Experience the ultimate coastal lifestyle on Leucadia's most iconic street. Stunning, white water ocean view home, with unique architecture inspired by the natural curve of the waves-blending refined elegance with a laid-back coastal feel. Enter through the grand entrance to the upper level and you’re immediately drawn forward—as if the home itself is guiding you to the view. An expansive deck spanning the width of the home, allows sunlight to pour through walls of glass-the ocean becomes the focal point. At the heart of the home, the great room offers open concept design seamlessly connecting living, dining, and kitchen spaces suited for cooking, entertaining, or quiet evenings by the fireplace. The gourmet kitchen features custom cabinetry, attached oversized granite island with prep sink, professional-grade appliances and pantry-creating a space both beautiful and functional. The primary suite is a serene retreat, complete with walk-in closet, and private balcony where mornings begin with the sound and sight of the ocean. The en suite bath is equally indulgent, with dual vanities, a jetted bathtub, spacious shower and a sunlit dome fills the space with natural light. On the ground level, three beautifully appointed bedrooms, with ocean views, open through sliding glass doors to a terraced stone patio. A full bathroom and laundry room with sink, add everyday convenience. After a morning surf or beach walk, rinse off in the outdoor shower-perfect for salty hair and sandy toes. Owned Solar and a Tesla charger complete the home, blending sustainability with modern luxury. On Neptune, spectacular sunsets become a celebration, and life unfolds with effortless access to epic surf, beaches, boutiques, award winning dining, craft breweries, fitness studios and coffee houses-capturing the essence of the Leucadia lifestyle.
Mortgage Calculator
Est. Monthly Payment
$29,756
Location
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Zoned Schools
Elementary
Paul Ecke-Central Elementary · grades K-6 · Encinitas Union Elementary
Middle
Diegueno 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
$7,772
Comp Average
$8,327
808 Palaro Drive
4bd / 3ba · 2,553 sqft · Single Family
$2.80M
Est. $7,957/mo
1044 Arcadia Rd
4bd / 2.5ba · 2,012 sqft · Single Family
$2.60M
Est. $7,259/mo
304 La Veta Ave
4bd / 2ba · 2,756 sqft · Single Family
$3.98M
Est. $10,779/mo
890 Passiflora Avenue
3bd / 2.5ba · 2,257 sqft · Single Family
$3.00M
Est. $8,094/mo
27 E Street
3bd / 3.5ba · 2,148 sqft · Single Family
$3.50M
Est. $7,545/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Encinitas allows short-term rentals only in single-family homes and duplexes. See the rules
Investment Score
8 leases of 4-bed houses within 2 mi · $7,568–$10,082
Blended 50/50 with the zip's market median ($7,509)
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$27,375/mo short at 20% down; +$35,552/mo rent closes it.
- Break-even price
- $775,906
- Break-even rent
- $43,324/mo
- Cashflow at 35% down
- −$22,843/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
82% under asking
$35,552/mo above the estimate
Negative even all-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.
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