1982 Fairlee Drive
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1982 Fairlee Drive

D

Encinitas, CA 92024

$699,000
NEW — 0d on market

Beds

2

Baths

2

Sqft

936

Year Built

1981

Days on Market

0

Property Type

Condo

HOA/mo

$450

MLS ID

NDP2603379

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

About This Property

Located in one of Encinitas’ most desirable 55+ resort-style communities, this view facing unit is move in ready and offers an exceptional opportunity to enjoy coastal living with incredible amenities. This top level condo provides the convenience of no neighbors above and peaceful, elevated views overlooking lush greenery. Welcome to 1982 Fairlee Drive in High Country Villas, a tranquil and sought-after community known for its active lifestyle and beautifully maintained grounds. The home is beautifully updated and features a recently remodeled kitchen with ample cabinetry, granite countertops, farmhouse sink, and modern appliances. Additional highlights include high ceilings that enhance the airy feel, custom shutters, updated bathrooms with new vanities and Toto toilets, Berber carpet in the living room and primary bedroom, and a designated 1 car garage. Ideally positioned within the community and close to guest parking for added convenience. Residents of High Country Villas enjoy a picturesque park-like setting with resort style amenities including a communal swimming pool, pickleball court, golf course, scenic trails, and social activities, all just minutes from the beach, shopping, and dining.

Mortgage Calculator

Est. Monthly Payment

$4,887

Principal & Interest$3,535
Property Tax$699
Insurance$204
HOA$450
%($139,800)
%

Location

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Investment Score

3D
Est. Monthly Rent
$3,302
Monthly Cashflow

Rent − PITIA

$-1,586
Full Cashflow

Incl. vacancy, PM, maint, capex

$-2,927

Mortgage (P+I)
$3,535
Cap Rate
1.04%
Cash-on-Cash
-25.13%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.68
Break-even Rent
$7,104

NOI (Annual)
$7,284
Price-to-Rent

Lower = better for investors

17.6

* 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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