17650 Los Morros
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17650 Los Morros

Dbottom 20%

Rancho Santa Fe, CA 92067

$23,850,000
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: -$160,845/mo full cashflow at 20% down, 7.43% rate.

Works at $2,907,700 (88% under asking); even all cash loses money at asking.

Rent $29,003/mo from 9 leases of 4–6 bed houses within 1 mi ($23,227–$32,819).

Beds

5

Baths

7

Sqft

9,543

Year Built

2026

Days on Market

152

Property Type

Single Family

HOA/mo

$0.03

MLS ID

260014089SD

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

Virtual Tour

About This Property

Introducing AER, a newly completed architectural estate by Dubreville Atelier set across 4.17 acres in Rancho Santa Fe's prestigious Covenant. Named after the ancient Greek word for the air that surrounds us, AER was conceived as a residence deeply connected to its surroundings. Beyond the gated olive tree-lined approach, a dramatic wood pivot entry opens to a tranquil reflecting pool courtyard. Pocketing glass walls, skylights, exposed wood beams, imported Italian cabinetry, Miele appliances, Graff fixtures, bespoke stonework, and fluted white oak detailing create a home distinguished by exceptional craftsmanship. Thoughtfully tailored for contemporary living, the home features a wellness center with fitness studio, indoor zero-edge spa, sauna, steam room, cold plunge, preserved moss installation, and sculptural travertine fireplace. Additional amenities include integrated technology, an eight-seat cinema hidden behind a discreet door, temperature-controlled wine room, game lounge, and angular stone bar for entertaining. A dedicated display garage transforms automobile collecting into an art form. The primary suite serves as a private retreat, complete with a reading den centered around a statement fireplace, spa-inspired bath clad in raked limestone, boutique-style dressing room, and secluded Zen courtyard. Outside, serene grounds unfold across sweeping views with a pool, cascading water features, heated veranda, bocce court, and direct access to walking trails. AER is a carefully curated residence shaped by design, offering a lifestyle rarely found within the Covenant.

Mortgage Calculator

Est. Monthly Payment

$163,303

Principal & Interest$132,497
Property Tax$23,850
Insurance$6,956
HOA$0
%($4,770,000)
%
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
$29,003

9 leases of 4–6 bed houses within 1 mi · $23,227–$32,819

Monthly Cashflow

Rent − PITIA

-$134,300
Full Cashflow

Incl. vacancy, PM, maint, capex

-$160,845

What would make this work?

$160,845/mo short at 20% down; +$208,890/mo rent closes it.

Break-even price

88% under asking

$2,907,700
Break-even rent

$208,890/mo above the estimate

$237,893/mo
Cashflow at 35% down
−$136,002/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)
$132,497
Cap Rate
-1.35%
Cash-on-Cash
-40.46%
DSCR

Need ≥ 1.25 for DSCR loan

0.18

NOI (Annual)
-$322,783
Price-to-Rent

Lower = better for investors

68.5

* 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−$160,845/mo