16039 Via Del Alba
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16039 Via Del Alba

Dbottom 20%

Rancho Santa Fe, CA 92067

$8,995,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$56,069/mo full cashflow at 20% down, 7.43% rate.

Works at $1,694,803 (81% under asking); even all cash loses money at asking.

Rent $16,924/mo from 8 leases of 4–6 bed houses within 1 mi, same school area ($13,480–$23,584).

Beds

5

Baths

3.5

Sqft

6,247

Year Built

1976

Days on Market

330

Property Type

Single Family

HOA/mo

$15

MLS ID

250045761SD

This property is in Rancho Santa Fe (92067). Browse neighborhood analytics →

Virtual Tour

About This Property

An exceptional Covenant estate on the desirable West Side of Rancho Santa Fe, offering 5.22 private, all-flat usable acres and premier equestrian amenities. Beyond the gated entry and long private driveway, this renovated single-story 4,473 sq ft residence features 5 bedrooms, 3.5 baths, a formal living room with fireplace, formal dining room, office/bonus room, and a spacious primary suite with fireplace, dual dressing rooms, spa bath, and gym. The chef’s kitchen with top-tier appliances opens to a large great room with full bar, fireplace, and a wall of glass leading to an outdoor loggia, saltwater pool with cover, spa, lounging areas, and beautiful mountain views. Equestrian facilities include a 6-stall breezeway barn with caretaker’s apartment (bedroom, bath, full kitchen, separate laundry room, half bath), a Grand Prix jumping arena, on-site trail, grazing areas, turnouts, pastures, and access to the Covenant trail system. A separate 1,774 sq ft guest house above the barn offers 2 bedrooms, 2 full baths, a full chef’s kitchen, living room, and abundant storage. Additional highlights: white oak flooring and custom wood details, marble and stone finishes, brick accents, private well for irrigation, high-speed fiber, and a covered front porch. A rare and special Covenant legacy property offering outstanding lifestyle, privacy, and usability in one of Rancho Santa Fe’s most sought-after locations. An unparalleled offering on the desirable West Side of Rancho Santa Fe’s coveted Covenant, nestled among some of the region’s most iconic estates. This is one of Southern California’s premier equestrian and custom-designed properties—blending timeless Southern California artistry with state-of-the-art amenities across 5.22 rare, private, and entirely flat usable acres. Beyond the gates, lush and exotic landscaping sets the stage for a world-class equestrian haven. The 6-stall breezeway-style barn includes a caretaker’s apartment with bedroom, full bath, full kitchen, separate laundry room, and an additional half bath. The property also offers a Grand Prix jumping arena, on-site trail, grazing areas, turnouts, pastures, and access to the Covenant’s extensive trail system. A long private driveway leads to a gated entry and circular motor court, welcoming you to the recently renovated 4,473 sq ft single-story main residence featuring 5 luxurious bedrooms and 3.5 baths. Inside, enjoy a formal living room with fireplace, a formal dining room, and an office/bonus room. The primary suite showcases a corner brick fireplace, private outdoor patio, dual dressing rooms, a spacious spa bath, and a gym. The chef’s kitchen—with top-tier appliances—flows seamlessly into a grand great room complete with full service bar, fireplace, and an expansive wall of glass that opens to an outdoor living/dining loggia. Outside, a saltwater pool with cover, spa, lounging areas, and glorious mountain views create a resort-style retreat enhanced by refreshing coastal breezes. The separate 1,774 sq ft guest house, located above the barn, offers two bedrooms, two full baths, a full chef’s kitchen, living room, and abundant storage. Every inch of this estate exudes warmth and refined craftsmanship—white oak flooring, rich wood detailing, marble slabs, stonework, and curated tile accents. Additional highlights include a private well for irrigation, high-speed fiber internet, brick detailing, and a charming front entry porch ideal for morning coffee or evening relaxation. A true legacy estate, this property is more than a home—it is a statement of passion, vision, and exceptional lifestyle. A rare Covenant offering designed to be cherished for generations. Experience life and luxury without compromise.

Mortgage Calculator

Est. Monthly Payment

$61,605

Principal & Interest$49,971
Property Tax$8,995
Insurance$2,624
HOA$15
%($1,799,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    R. Roger Rowe Elementary · grades PK-5 · Rancho Santa Fe Elementary

  • Middle

    R. Roger Rowe Middle · grades 6-8 · Rancho Santa Fe Elementary

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$16,924

8 leases of 4–6 bed houses within 1 mi, same school area · $13,480–$23,584

Monthly Cashflow

Rent − PITIA

-$44,681
Full Cashflow

Incl. vacancy, PM, maint, capex

-$56,069

What would make this work?

$56,069/mo short at 20% down; +$72,817/mo rent closes it.

Break-even price

81% under asking

$1,694,803
Break-even rent

$72,817/mo above the estimate

$89,741/mo
Cashflow at 35% down
−$46,700/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$49,971
Cap Rate
-0.70%
Cash-on-Cash
-37.40%
DSCR

Need ≥ 1.25 for DSCR loan

0.27

NOI (Annual)
-$63,026
Price-to-Rent

Lower = better for investors

44.3

* Modelled at 20% down, 7.43% 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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DCashflow−$56,069/mo