1477 Neptune Avenue

1477 Neptune Avenue

C

Encinitas, CA 92024

$4,600,000

Soft Appraisal Value: $4,341,700 · 5.9% above estimate

Beds

4

Baths

2.5

Sqft

2,382

Year Built

2001

Days on Market

45

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

$29,202

Principal & Interest$23,260
Property Tax$4,600
Insurance$1,342
%($920,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,169
Monthly Cashflow

Rent − PITIA

$-22,033
Full Cashflow

Incl. vacancy, PM, maint, capex

$-27,515

Mortgage (P+I)
$23,260
Cap Rate
-1.11%
Cash-on-Cash
-35.89%
DSCR

Need ≥ 1.25 for DSCR loan

0.25
Break-even Rent
$42,903

NOI (Annual)
$-51,062
Price-to-Rent

Lower = better for investors

53.5

* 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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