2029 Del Mar Heights Rd
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2029 Del Mar Heights Rd

D

Del Mar, CA 92014

$3,750,000

Soft Appraisal Value: $3,628,900 · 3.3% above estimate

Beds

4

Baths

4.5

Sqft

2,861

Year Built

1980

Days on Market

55

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003963SD

This property is in Del Mar (92014). View neighborhood stats →

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About This Property

PRICE IMPROVEMENT! Sellers will entertain offers starting at $3,750,000-$4,490,000. Newly rebuilt contemporary coastal home just 300 paces to Del Mar Beach in the heart of Del Mar Proper. Rare opportunity to own one of the closest homes to the sand—and one of the few properties permitted for short-term rentals. ADA-friendly with zero stairs from street, driveway, or garden, offering seamless indoor-outdoor living. Expansive open-concept lower level features a modern Italian kitchen with top-of-the-line appliances, custom cabinetry, and oversized entertaining space. Outdoor area includes built-in seating, prep counters, and natural gas for BBQ/fire features. Entry-level en-suite bedroom with kitchenette/wet bar and separate or shared entrance—ideal for guests or multi-generational living. All bedrooms are en-suite with sleek, modern baths; select rooms offer ocean views. Upstairs primary suite features dual walk-in closets, coffee bar, spa-style bath, and private ocean-view deck. Laundry room conveniently located upstairs. Rear alley access provides off-street parking for 7+ vehicles and potential ocean-view ADU expansion. Low-maintenance landscaping with mature trees. Exceptional investment, lifestyle, and development opportunity in a premier coastal location.

Mortgage Calculator

Est. Monthly Payment

$23,806

Principal & Interest$18,962
Property Tax$3,750
Insurance$1,094
%($750,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,292
Monthly Cashflow

Rent − PITIA

$-15,514
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,546

Mortgage (P+I)
$18,962
Cap Rate
-0.51%
Cash-on-Cash
-32.87%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.35
Break-even Rent
$34,975

NOI (Annual)
$-19,010
Price-to-Rent

Lower = better for investors

37.7

* 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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