
20784 Fortuna Del Norte Elfin Forest
Dbottom 20%Escondido, CA 92029
Pass at asking: -$23,016/mo full cashflow at 20% down, 7.36% rate.
Works at $783,429 (79% under asking); even all cash loses money at asking.
Rent $7,775/mo from 17 leases of houses within 2 mi, size-adjusted ($7,676–$8,342).
Beds
8
Baths
6
Sqft
5,691
Year Built
1999
Days on Market
176
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2604848
This property is in Escondido (92029). Browse neighborhood analytics →
About This Property
Set atop a quiet hillside in the Elfin Forest community of San Diego, this gated California Mediterranean style estate is designed to fully unwind and reconnect with nature in a completely private oasis. At Fortuna Del Norte, the noise of the outer world melts away into your very own serene hillside, yet its very Western location lends itself to all the conveniences of modern life being only five minutes away from the vibrant shops, dining and groceries in the San Elijo Village and a relaxing drive through the hills to some of the best beaches in Southern California right here in North County San Diego. This 2.5 acre estate enjoys broad views overlooking miles of protected coastal chaparral and the trail system of Sage Hill Nature Reserve, spanning a wide swath of San Diego as far as the La Jolla skyline. Such a setting provides the ultimate feeling of privacy and serenity with the additional benefit of limited neighboring development from the adjacent reserve. Live almost entirely off the grid with a well tapped into a natural aquifer providing an abundance of natural clean water for the property–regardless of drought status–and enough land to opt out of the main power grid by installing solar farms to power the estate independently. Fortuna Del Norte also includes two detached casitas: one complete with Jack-and-Jill style bedrooms close to the main residence for the ultimate guest experience and another out of view of the main residence as a completely self-sufficient one-bedroom-style home situated perfectly for rental income or multigenerational living. The estate is equipped for full equestrian use, a luxurious heated swimming pool paired with an integrated waterfall jacuzzi, a variety of mature citrus and fruit trees, and lush landscaping throughout the grounds. The property is also located within the attendance area of the R. Roger Rowe K-8 public school district of Rancho Santa Fe with designated access to a private gated back road leading directly to Rancho Santa Fe. Fortuna Del Norte presents a rare opportunity for the ultimate gated estate offering privacy, acreage, panoramic views and resort-style living in one of North County's most majestic and sought after hillside communities of the Enchanted Elfin Forest.
Mortgage Calculator
Est. Monthly Payment
$25,840
Location
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Zoned Schools
Elementary
R. Roger Rowe Elementary · grades PK-5 · Rancho Santa Fe Elementary
Middle
R. Roger Rowe Middle · grades 6-8 · Rancho Santa Fe Elementary
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
2 comps foundThis Property
$7,775
Comp Average
$7,446
2477 Saffron Glen
6bd / 4ba · 4,104 sqft · Single Family
$2.30M
Est. $7,191/mo
20780 Fortuna Del Norte Elfin Forest
8bd / 6ba · 5,581 sqft · Single Family
$3.79M
Est. $7,700/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
17 leases of houses within 2 mi, size-adjusted · $7,676–$8,342
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$23,016/mo short at 20% down; +$29,890/mo rent closes it.
- Break-even price
- $783,429
- Break-even rent
- $37,665/mo
- Cashflow at 35% down
- −$19,090/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
79% under asking
$29,890/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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