1651 Bella Laguna Court
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1651 Bella Laguna Court

Dbottom 20%

Encinitas, CA 92024Neighborhood: Leucadia

$4,500,000
STR: check · no permits on this tract · TOT 10%

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 3, 2026.

None of the 22 homes on this home's recorded tract holds a short-term rental permit, so nothing shows its HOA allows them. Get the CC&Rs before counting on short-term income.

Pass at asking: -$27,369/mo full cashflow at 20% down, 7.49% rate.

Works at $951,534 (79% under asking); even all cash loses money at asking.

Rent $9,844/mo from 24 leases of 4–6 bed houses within 2 mi ($8,118–$11,441).

Beds

5

Baths

4.5

Sqft

4,576

Year Built

2000

Days on Market

45

Property Type

Single Family

HOA/mo

$240

MLS ID

260022956SD

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

Virtual Tour

About This Property

Views! Views! Views! An extraordinary coastal setting meets refined Southern California living at 1651 Bella Laguna Court, tucked within the exclusive gated enclave of Pacific Crest. Set on approximately 1.2 acres, this impressive estate enjoys expansive views in multiple directions, with beautiful ocean views from the front of the home and sweeping vistas of local canyons, open space and distant mountains to the rear. The approximately 4,576-square-foot residence offers five bedrooms and 4.5 baths, with generously proportioned living spaces, a private primary retreat, office, bonus room and a convenient main-level ensuite bedroom. Designed for seamless indoor-outdoor living, the residence extends to an exceptional backyard retreat featuring a solar-heated pool, spa and water feature, complemented by a built-in BBQ with generous counter space within an L-shaped island covered by a shade structure. The expansive grounds create an uncommon combination of privacy, scale and indoor-outdoor living. Ideally positioned in coastal Encinitas, the property offers a rare opportunity to enjoy the tranquility of a private estate while remaining minutes from the beach, world-class golf, shopping, dining and the vibrant communities of coastal North County.

Mortgage Calculator

Est. Monthly Payment

$31,200

Principal & Interest$25,147
Property Tax$4,500
Insurance$1,312
HOA$240
%($900,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Capri Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Diegueno Middle · grades 7-8 · San Dieguito Union High

  • High

    La Costa Canyon High · grades 9-12 · San Dieguito Union High

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
$9,844

24 leases of 4–6 bed houses within 2 mi · $8,118–$11,441

Monthly Cashflow

Rent − PITIA

-$21,355
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,369

What would make this work?

$27,369/mo short at 20% down; +$35,544/mo rent closes it.

Break-even price

79% under asking

$951,534
Break-even rent

$35,544/mo above the estimate

$45,388/mo
Cashflow at 35% down
−$22,654/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)
$25,147
Cap Rate
-0.46%
Cash-on-Cash
-36.49%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$20,759
Price-to-Rent

Lower = better for investors

38.1

* Modelled at 20% down, 7.49% 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−$27,369/mo