1956 Seaview Ave
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1956 Seaview Ave

Dbottom 20%

Del Mar, CA 92014

$16,900,000

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 →

Virtual Tour

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

Principal & Interest$93,887
Property Tax$16,900
Insurance$4,929
%($3,380,000)
%
Loan Term

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 found

This Property

$17,761

vs

Comp Average

$17,431

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

0D
Est. Monthly Rent
$17,761

10 leases of 4–6 bed houses within 1 mi, same school area · $17,649–$22,287

Monthly Cashflow

Rent − PITIA

-$97,955
Full Cashflow

Incl. vacancy, PM, maint, capex

-$116,123

What would make this work?

$116,123/mo short at 20% down; +$150,809/mo rent closes it.

Break-even price

89% under asking

$1,780,675
Break-even rent

$150,809/mo above the estimate

$168,570/mo
Cashflow at 35% down
−$98,519/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)
$93,887
Cap Rate
-1.52%
Cash-on-Cash
-41.23%
DSCR

Need ≥ 1.25 for DSCR loan

0.15

NOI (Annual)
-$256,180
Price-to-Rent

Lower = better for investors

79.3

* 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.

Open Full Calculator
DCashflow−$116,123/mo