2067 Pearl Street

2067 Pearl Street

D

Encinitas, CA 92024

$2,689,000

Beds

5

Baths

5.5

Sqft

2,664

Year Built

2025

Days on Market

9

Property Type

Single Family

HOA/mo

$260

MLS ID

OC26046617

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 Kai floor plan, currently under construction with an estimated move-in date of Fall 2026, features 2,664 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, pre-wired garage EV charger, and enhanced recessed lighting throughout, combining sustainability with sophisticated coastal living.

Mortgage Calculator

Est. Monthly Payment

$17,330

Principal & Interest$13,597
Property Tax$2,689
Insurance$784
HOA$260
%($537,800)
%

Investment Score

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

Rent − PITI − HOA

$-8,191
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,534

Mortgage (P+I)
$13,597
Cap Rate
0.47%
Cash-on-Cash
-18.28%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$17,330

NOI (Annual)
$12,758
Price-to-Rent

Lower = better for investors

24.5

* 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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