1866 Sheridan Road
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1866 Sheridan Road

C

Encinitas, CA 92024

$5,899,000
NEW — 3d

Soft Appraisal Value: $5,590,700 · 5.5% above estimate

Beds

6

Baths

5.5

Sqft

5,605

Year Built

2009

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2606126

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

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About This Property

Rarely does a property of this caliber become available in the heart of Leucadia. Set on nearly half an acre just minutes from the beach, acclaimed restaurants, boutiques, and more, this private coastal retreat offers a five-bedroom main residence, detached one-bedroom ADU, separate office, saltwater pool and spa, and lush resort-style grounds. Mature fruit trees—including lemon, lime, loquat, peach, and fig—along with a flourishing garden and dedicated dog run create an exceptional outdoor sanctuary. Designed with impeccable attention to detail, the light-filled home showcases heated concrete floors, ePay and bleached cherry hardwood flooring, soaring ceilings, designer lighting, and seamless indoor-outdoor living. The chef's kitchen features an oversized leathered granite island and dedicated coffee bar. The luxurious primary suite offers two private decks, a sitting area, and a newly remodeled spa-inspired bath with a hot/cold soaking tub, dry sauna, Taj Mahal quartzite steam shower, and abundant natural light. Expansive LaCantina doors open to the central pool courtyard, creating the ultimate setting for effortless entertaining. Every detail has been thoughtfully curated, with no expense spared, delivering a truly resort-quality lifestyle in one of North County's most coveted coastal neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$37,448

Principal & Interest$29,829
Property Tax$5,899
Insurance$1,721
%($1,179,800)
%

Location

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Investment Score

3D
Est. Monthly Rent
$18,204
Monthly Cashflow

Rent − PITIA

$-19,245
Full Cashflow

Incl. vacancy, PM, maint, capex

$-28,347

Mortgage (P+I)
$29,829
Cap Rate
0.30%
Cash-on-Cash
-28.83%
DSCR

Need ≥ 1.25 for DSCR loan

0.49
Break-even Rent
$55,019

NOI (Annual)
$17,775
Price-to-Rent

Lower = better for investors

27.0

* 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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