1616 Clearwater Place
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1616 Clearwater Place

D

Encinitas, CA 92024

$1,450,000
NEW — 2d

Soft Appraisal Value: $1,404,300 · 3.3% above estimate

Beds

4

Baths

3

Sqft

1,967

Year Built

1985

Days on Market

2

Property Type

Single Family

HOA/mo

$195

MLS ID

NDP2605036

This property is in Encinitas (92024). View neighborhood stats →

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About This Property

Light-filled 4-bedroom, 2.5-bath, 1,967 sq ft home on a quiet cul-de-sac in the highly desirable neighborhood of Seagate Village. The home is being sold by its original owners, who have enjoyed it and the neighborhood for 40 years. It is currently the lowest-priced single-family residence in Encinitas—offering an exceptional opportunity to create value in a prime coastal market. Designed for both comfort and functionality, this home features a formal living room with vaulted ceilings, along with an open-concept kitchen that flows seamlessly into the family room with a cozy fireplace—ideal for everyday living and effortless entertaining. Both the family room and dining room open to a private backyard, creating a seamless indoor-outdoor connection. All four bedrooms and two full bathrooms are located upstairs. The spacious primary suite includes a private balcony and an en suite bathroom with dual sinks, ample counter space, and large walk-in closet. Located within the award-winning Encinitas Union Elementary and San Dieguito Union High School Districts, this home also benefits from a low $195/month HOA offering resort-style amenities, including a pool, spa, tennis and pickleball courts, parks, picnic areas, and a private dog run. Ideally situated in the heart of Encinitas, with convenient access to shopping, dining, and excellent schools, and less than 4 miles to local beaches, the train station, and the vibrant shops and restaurants along Coast Highway 101!

Mortgage Calculator

Est. Monthly Payment

$9,400

Principal & Interest$7,332
Property Tax$1,450
Insurance$423
HOA$195
%($290,000)
%

Location

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Investment Score

8D
Est. Monthly Rent
$5,558
Monthly Cashflow

Rent − PITIA

$-3,842
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,329

Mortgage (P+I)
$7,332
Cap Rate
0.83%
Cash-on-Cash
-26.19%
DSCR

Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$13,777

NOI (Annual)
$12,040
Price-to-Rent

Lower = better for investors

21.7

* 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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