2049 Pearl Street
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2049 Pearl Street

D

Encinitas, CA 92024

$2,799,000
NEW — 2d

Beds

5

Baths

5.5

Sqft

3,263

Year Built

2026

Days on Market

2

Property Type

Single Family

HOA/mo

$260

MLS ID

OC26085348

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

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About This Property

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 Marina floor plan, currently under construction with an estimated move-in date of Fall 2026, features 3,263 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 with floating stairs and glass railing 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 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, prewired garage EV charger, and enhanced recessed lighting throughout, combining sustainability with sophisticated coastal living.

Mortgage Calculator

Est. Monthly Payment

$18,029

Principal & Interest$14,153
Property Tax$2,799
Insurance$816
HOA$260
%($559,800)
%

Location

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Investment Score

6D
Est. Monthly Rent
$9,797
Monthly Cashflow

Rent − PITIA

$-8,231
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,817

Mortgage (P+I)
$14,153
Cap Rate
0.57%
Cash-on-Cash
-27.47%
DSCR

Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$26,443

NOI (Annual)
$16,034
Price-to-Rent

Lower = better for investors

23.8

* 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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