200 Neptune
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200 Neptune

D

Encinitas, CA 92024

$7,995,000

Soft Appraisal Value: $7,397,600 · 8.1% above estimate

Beds

6

Baths

4.5

Sqft

6,858

Year Built

1971

Days on Market

48

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008806SD

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

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About This Property

Oceanfront legacy meets massive equity opportunity on the premier south end of Neptune Ave, just steps from the heartbeat of downtown Encinitas. This prime location offers a lifestyle defined by immediate proximity to boutiques, award-winning dining, world-class surf breaks, local coffee roasters, and miles of sandy beaches. The expansive estate spans from the ocean waves to Neptune Ave, offering over 6,800 square feet of high-volume interior space along with a guest house. The property’s incredible scale represents a premier land-banking opportunity in one of the coast’s most coveted locations. With soaring vaulted ceilings, a rare 5-car garage, and a footprint designed for a world-class legacy compound, the infrastructure is perfectly positioned for the visionary buyer. Capitalize on this long-term appreciation holding while reimagining an architectural canvas into a record-setting coastal masterpiece. Some images in this listing have been generated using artificial intelligence for illustrative purposes. Actual property conditions differ. Actual images have been included in this listing.

Mortgage Calculator

Est. Monthly Payment

$50,754

Principal & Interest$40,427
Property Tax$7,995
Insurance$2,332
%($1,599,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$14,043
Monthly Cashflow

Rent − PITIA

$-36,711
Full Cashflow

Incl. vacancy, PM, maint, capex

$-46,603

Mortgage (P+I)
$40,427
Cap Rate
-0.93%
Cash-on-Cash
-34.97%
DSCR

Need ≥ 1.25 for DSCR loan

0.28
Break-even Rent
$74,567

NOI (Annual)
$-74,117
Price-to-Rent

Lower = better for investors

47.4

* 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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