1875 Parliament Drive

1875 Parliament Drive

D

Encinitas, CA 92024

$3,200,000
NEW — 1d on market

Soft Appraisal Value: $2,710,100 · 18.1% above estimate

Beds

3

Baths

3

Sqft

1,855

Year Built

1974

Days on Market

1

Property Type

Single Family

HOA/mo

$1,200

MLS ID

NDP2602133

Description

Fully Remodeled Ocean View Retreat in the Coveted Guard-Gated Community of Seabluffe! Imagine waking up to the sound of the ocean and starting your morning with coffee overlooking sweeping Pacific views. Welcome to Seabluffe — one of Encinitas’ most sought-after coastal communities where resort-style living meets everyday comfort. Located on one of the premier streets within this private guard-gated enclave, this stunning ocean-view townhome has been fully remodeled, transforming the home into a sophisticated coastal retreat. Thoughtfully designed with light-filled living spaces, soaring ceilings, and seamless indoor-outdoor flow, the home showcases breathtaking Pacific Ocean views from the main living areas and expansive deck — the perfect place to enjoy sunset dinners, entertain guests, or simply relax with the coastal breeze. The beautifully updated interior features 3 bedrooms and 3 full baths + loft area, along with a spacious open-concept kitchen that serves as the heart of the home. Designed for both everyday living and entertaining, the kitchen flows effortlessly into the main living space while capturing the stunning ocean backdrop. Set within Seabluffe’s 50-acre private coastal community of just 255 homes, residents enjoy an unmatched lifestyle with direct beach access via private community stairs, along with resort-style amenities including: 2 community pools Tennis and pickleball courts Half basketball court Playground and clubhouse Scenic walking paths throughout the community Seabluffe also offers a rare opportunity for flexible ownership, allowing the home to be enjoyed as a primary residence, coastal second home, or investment property with short-term rentals permitted (7-night minimum). Just moments from the sand and conveniently located near Encinitas’ vibrant restaurants, cafés, and shops, this home offers the very best of Southern California coastal living.Experience the Seabluffe lifestyle and discover what makes this community so special.

Mortgage Calculator

Est. Monthly Payment

$21,514

Principal & Interest$16,181
Property Tax$3,200
Insurance$933
HOA$1,200
%($640,000)
%

Investment Score

0D
Est. Monthly Rent
$5,551
Monthly Cashflow

Rent − PITI − HOA

$-15,963
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,906

Mortgage (P+I)
$16,181
Cap Rate
-1.40%
Cash-on-Cash
-29.93%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$21,514

NOI (Annual)
$-44,705
Price-to-Rent

Lower = better for investors

48.0

* 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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