1506 Summit Ave Cardiff By The Sea

1506 Summit Ave Cardiff By The Sea

D

Cardiff-by-the-Sea, CA 92007

$9,950,000
NEW — 4d on market

Soft Appraisal Value: $9,894,500 · 0.6% above estimate

Beds

4

Baths

3.5

Sqft

4,150

Year Built

2025

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2602722

Description

Step into a coastal masterpiece offering over 4,000 sq ft of refined living space, where every room is framed by sweeping, unobstructed ocean views. This exceptional home blends luxurious upscale design and wellness with features including: Five expansive ocean-view decks, over 1,800 sq ft, with vistas stretching to La Jolla and iconic surf breaks. Private outdoor retreat with a large grassy yard, stunning european style grass-edge pool, and oversized hot tub. Designer finishes throughout featuring Forms & Surfaces "Sunburst" entry doors, custom cabinetry and hardware, lighting by Serge Mouille, Isamu Noguchi, and Lightolier Temperature-controlled wine room for the discerning collector - Luxury wellness amenities including an infrared sauna, steam room, and cold plunge. Dual laundry for ultimate convenience. A show-stopping primary suite with a Hollywood-inspired open shower and freestanding soaking tub, all overlooking the Pacific. Dramatic cascading waterwall feature from a custom copper roof. Every detail has been thoughtfully curated to create a seamless indoor-outdoor coastal lifestyle unlike any other.

Mortgage Calculator

Est. Monthly Payment

$63,165

Principal & Interest$50,313
Property Tax$9,950
Insurance$2,902
%($1,990,000)
%

Comparable Properties

1 comp found

This Property

$11,205

vs

Comp Average

$10,603

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

Investment Score

0D
Est. Monthly Rent
$11,205
Monthly Cashflow

Rent − PITI − HOA

$-51,960
Full Cashflow

Incl. vacancy, PM, maint, capex

$-62,828

Mortgage (P+I)
$50,313
Cap Rate
-1.51%
Cash-on-Cash
-37.89%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.18
Break-even Rent
$92,800

NOI (Annual)
$-150,190
Price-to-Rent

Lower = better for investors

74.0

* 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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