187 Cherry Ave
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187 Cherry Ave

D

Carlsbad, CA 92008

$6,950,000
NEW — 2d

Soft Appraisal Value: $6,665,400 · 4.3% above estimate

Beds

4

Baths

5

Sqft

5,280

Year Built

2021

Days on Market

2

Property Type

Townhouse

HOA/mo

$543

MLS ID

260009875SD

This property is in Carlsbad (92008). View neighborhood stats →

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About This Property

The One and Only. Architectural Sea Side Masterpiece Frank Lloyd Wright inspired residence built to the highest bar of finishes and quality. Set within steps of the vibrant Carlsbad Village and just 150 yards from one of Southern California's finest beaches, this iconic ocean view estate offers the ultimate in luxury living. Featuring four bedrooms, including four en-suite bedrooms and two formal powder rooms, this architectural masterpiece combines modern elegance with timeless design, boasting panoramic ocean views from nearly every room. Upon entering, you're greeted by soaring ceilings and floor-to-ceiling windows throughout that frame stunning coastal vistas. Every detail of this home reflects exquisite craftsmanship, with custom Birdseye maple and walnut cabinetry and millwork. The expansive family room flows effortlessly into the gourmet kitchen, which is adorned with bespoke cabinetry and state-of-the-art appliances, making it a chef’s dream and an entertainer’s delight, Cove dishwashers, Subzero refrigerator, Wolf gas range, custom island and eat in kitchen with walk in pantry. The primary suite serves as a serene retreat with its own ocean views, while the spa-like en-suite bathroom features a freestanding soaking tub, walk-in rain shower, heated Italian porcelain tile floors and dual walk-in closets, all beautifully framed by custom wood finishes. There are no common walls with the adjoining neighbors, all walls finished separately. A private Savaria elevator allowing entry to all floors of the home, offers seamless access from the private 2 car garage level featuring elaborate built-ins, an office suite, and custom Mahogany garage doors ensuring both convenience and luxury. A fully wired smart home featuring CAT6, custom security system, built in speaker system and full rack IT closet, and 9 mounted televisions Each of the additional three en-suite bedrooms is designed with privacy and elegance in mind, offering luxurious bathrooms and custom millwork. The outdoor living spaces are as remarkable as the interior, with an expansive terrace, all designed to take full advantage of the stunning ocean views and provide elegant entertaining areas. Finish and details such as cast in place concrete, imported real Italian stone façade, high quality materials thoughtfully crafted to resist the elements. An exceptional private outdoor grilling area, TV, and custom outdoor stone fireplace for intimate gatherings. A rare opportunity to own an architectural marvel in one of Southern California’s most coveted coastal enclaves.

Mortgage Calculator

Est. Monthly Payment

$44,663

Principal & Interest$35,143
Property Tax$6,950
Insurance$2,027
HOA$543
%($1,390,000)
%

Location

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Comparable Properties

2 comps found

This Property

$6,902

vs

Comp Average

$6,472

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$6,902
Monthly Cashflow

Rent − PITIA

$-37,761
Full Cashflow

Incl. vacancy, PM, maint, capex

$-45,140

Mortgage (P+I)
$35,143
Cap Rate
-1.73%
Cash-on-Cash
-38.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.15
Break-even Rent
$65,526

NOI (Annual)
$-119,966
Price-to-Rent

Lower = better for investors

83.9

* 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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