2031 Pearl Street

2031 Pearl Street

D

Encinitas, CA 92024

$2,759,000

Beds

5

Baths

5.5

Sqft

3,234

Year Built

2026

Days on Market

9

Property Type

Single Family

HOA/mo

$260

MLS ID

OC26046746

Description

Welcome to The Cove at Encinitas, a new all-electric luxury coastal community in Encinitas, CA, celebrated for its stunning beaches and vibrant lifestyle. Located less than a mile from the ocean, this thoughtfully designed enclave offers convenient access to recreation, shopping, dining, and major freeways. The Reef floor plan, currently under construction with an estimated move-in date of Summer 2026, features 3,234 square feet of modern living space with 5 bedrooms and 5.5 baths. As you enter the home, you'll be welcomed by the 20ft foyer that leads into a spacious great room, seamlessly connected to a covered outdoor living area through a 90-degree multi-panel stacking door system and enhanced by a sleek linear fireplace. The gourmet kitchen is equipped with premium Wolf appliances, including an induction range, wall oven, microwave, and Cove dishwasher. A first-floor office and bedroom suite with a private bath offers flexibility. Upstairs, the primary suite provides a peaceful retreat with 9-foot ceilings, a spa-inspired en-suite bath featuring a walk-in shower, dual vanities, and a generous walk-in closet, along with three additional bedrooms each offering en-suite baths. Homes in this all-electric community also include a solar panel system, solar battery, pre-wired garage EV charger, and enhanced recessed lighting throughout, combining sustainability with sophisticated coastal living. This home selections are complete with designer upgraded cabinets, counters, tile and flooring throughout.

Mortgage Calculator

Est. Monthly Payment

$17,775

Principal & Interest$13,951
Property Tax$2,759
Insurance$805
HOA$260
%($551,800)
%

Investment Score

2D
Est. Monthly Rent
$9,139
Monthly Cashflow

Rent − PITI − HOA

$-8,636
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,037

Mortgage (P+I)
$13,951
Cap Rate
0.40%
Cash-on-Cash
-18.78%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.51
Break-even Rent
$17,775

NOI (Annual)
$10,966
Price-to-Rent

Lower = better for investors

25.2

* 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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