1502 Vanessa Cir

1502 Vanessa Cir

D

Encinitas, CA 92024

$2,099,000
NEW — 4d on market

Soft Appraisal Value: $2,043,000 · 2.7% above estimate

Beds

4

Baths

2

Sqft

1,762

Year Built

1981

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005970SD

Description

Situated on an expansive nearly half-acre lot, this beautifully reimagined home at 1502 Vanessa Cir offers a rare blend of privacy, modern design, and sweeping area views. The property features a fresh, turnkey renovation with a striking Spanish-modern aesthetic, highlighted by a classic tile roof and dramatic black-framed windows throughout that fill the home with natural light. Inside, the thoughtfully designed floor plan offers exceptional flow, centered around an open kitchen with a large island and modern appliances, ideal for everyday living and entertaining. A stunning vanishing wall of glass creates seamless indoor-outdoor living, opening to a covered patio and expansive backyard with beautiful west/northern-facing area views. The YARDZEN designed grounds are equally impressive, featuring lush grass surrounding the property, a gated front entrance for added privacy, and a newly installed sauna perfectly positioned to capture the views. With its massive lot, refined finishes, and effortless indoor-outdoor lifestyle, this Encinitas property delivers an extremely rare combination of space, style, and tranquility in one of North County’s most desirable coastal communities.

Mortgage Calculator

Est. Monthly Payment

$13,325

Principal & Interest$10,614
Property Tax$2,099
Insurance$612
%($419,800)
%

Investment Score

1D
Est. Monthly Rent
$6,538
Monthly Cashflow

Rent − PITI − HOA

$-6,787
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,040

Mortgage (P+I)
$10,614
Cap Rate
0.33%
Cash-on-Cash
-19.40%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$13,325

NOI (Annual)
$6,889
Price-to-Rent

Lower = better for investors

26.8

* 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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