
1956 Seaview Ave
Dbottom 20%Del Mar, CA 92014
Pass at asking: -$116,123/mo full cashflow at 20% down, 7.43% rate.
Works at $1,780,675 (89% under asking); even all cash loses money at asking.
Rent $17,761/mo from 10 leases of 4–6 bed houses within 1 mi, same school area ($17,649–$22,287).
Beds
5
Baths
5.5
Sqft
4,326
Year Built
2019
Days on Market
111
Property Type
Single Family
HOA/mo
N/A
MLS ID
260017840SD
This property is in Del Mar (92014). View neighborhood stats →
About This Property
Welcome to 1956 Seaview—a truly exceptional coastal retreat situated on a spacious, private lot with sweeping 180-degree white-water ocean views, extending through the Del Mar Racetrack. This residence offers some of the most breathtaking vistas in all of Olde Del Mar, promising year-round sunsets that transform every evening into a picturesque experience. Designed by award-winning architect Dean Meredith, this home is an architectural masterpiece. Upon entering, you are welcomed by a custom-designed, color-infused art glass pivot front door that sets the tone for the artistic elegance throughout the home. Blue ocean views greet you immediately, complemented by modern elements and Alaskan yellow cedar soffits both inside and out, creating a warm, inviting ambiance. The great room opens to a large private entertainment deck via disappearing sliding glass doors, featuring overhead heaters and a linear outdoor fireplace for year-round enjoyment. The outdoor space also includes a custom-designed tiled spa with 180-degree ocean views, an outdoor kitchen, and a shower. Clear view glass railings ensure unobstructed ocean vistas from every angle. Inside, Miele appliances blend seamlessly into the custom cabinetry of the stunning kitchen, which boasts a two-tiered white marble island offering ample prep space and seating for dining and entertaining. A hidden prep kitchen provides additional space and storage. See Supplement... The main level includes two guest bedrooms, each with en-suite bathrooms and access to the ocean view deck, offering privacy and spectacular views for guests. A dedicated laundry room and powder room complete this level. A custom-designed floating stairway with LED lights leads to the primary suite, a sanctuary featuring automatic shades and a large private deck with breathtaking 180-degree white-water views. The primary bath features a dual vanity, a soaking tub with ocean views, a spacious walk-in closet, and an additional stacked Miele washer and dryer for added convenience. Italian porcelain tile and French oak flooring throughout exude luxury and sophistication. The lower level, with its 11-foot ceilings, includes a great room with a bar/kitchen, two bedrooms, and two bathrooms. The home is framed for a future elevator if desired and includes designs for a pool and wine room. Ceiling speakers, each floor’s own mechanical system, Lutron-operated shades and lighting, and a security system ensure comfort and safety. Ortal Linear Fireplaces in the main great room and primary bedroom add to the home’s cozy atmosphere. Convenience and privacy are paramount at Seaview. The gated property includes a gated driveway and a private stairway from the lower property to street level, providing easy access to Del Mar Village, the beach, and the racetrack. The large paver driveway accommodates up to six cars, perfect for hosting guests. Advanced features and amenities include solar panels and an integrated hidden gutter system, contributing to the home's sustainability. Situated on a dead-end street, the home offers peace and privacy. Just two blocks from Del Mar Village and the beach, and three blocks from the Del Mar Racetrack, this home provides an easy 10 to 15 minute walk to local attractions. Proximity to Torrey Pines Golf Course and Torrey Pines State Reserve adds to the appeal for outdoor enthusiasts. This residence at 1956 Seaview, Del Mar, is not just a home but a lifestyle. Experience the pinnacle of coastal living with unparalleled views, luxurious amenities, and modern conveniences in this extraordinary property.
Mortgage Calculator
Est. Monthly Payment
$115,716
Location
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Zoned Schools
Elementary
Del Mar Heights Elementary · grades K-6 · Del Mar Union Elementary
Middle
Earl Warren Middle · grades 7-8 · San Dieguito Union High
High
Torrey Pines 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.
Comparable Properties
2 comps foundThis Property
$17,761
Comp Average
$17,431
1411 Via Alta
5bd / 6.5ba · 4,725 sqft · Single Family
$15.95M
Est. $17,624/mo
116 Nob Ave
5bd / 5.5ba · 5,441 sqft · Single Family
$12.50M
Est. $17,238/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Short-term not available here. Del Mar allows new short-term rentals only in the owner's primary residence, and its cap is full. See the rules
Investment Score
10 leases of 4–6 bed houses within 1 mi, same school area · $17,649–$22,287
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$116,123/mo short at 20% down; +$150,809/mo rent closes it.
- Break-even price
- $1,780,675
- Break-even rent
- $168,570/mo
- Cashflow at 35% down
- −$98,519/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
89% under asking
$150,809/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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