231 5th Street
DEncinitas, CA 92024
Soft Appraisal Value: $5,967,100 · 4.7% above estimate
Beds
3
Baths
2
Sqft
1,980
Year Built
1963
Days on Market
296
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2505853
Description
Huge Price Reduction! Discover the ultimate coastal treasure at 231 5th Street, Encinitas, CA—truly a real-life unicorn in the world of real estate! This 3-bedroom, 2-bathroom sanctuary spans nearly 2,000 square feet, seamlessly blending modern luxury with stunning beach and whitewater views that greet you from every angle. Just steps away from the sands of Moonlight Beach, one of San Diego's most cherished spots, this home has been fully remodeled and is completely turnkey. This incredible home has the ability to be a single family home with a detached garage/studio and yard or two separate units, one upper and one lower, to provide the potential for multi-generational living or a nanny suite under the same roof. Each unit contains fully equipped updated kitchens with premium stone counters and sleek stainless appliances, fully renovated bathrooms, and private living space. Perfect for when you want family living while maintaining privacy. Or if you choose, long-term rental possibilities are an option. The detached garage is still under renovation, complete with a full bathroom, washer/dryer and studio kitchen. A roof top deck will capture all of the action at Moonlight beach and fantastic sunsets. This space could be a garage, studio, office, workout room, storage, etc. Step outside into your private oasis, where a brand new hot tub and beautiful outdoor spaces await. Enjoy the expansive deck and balcony, each offering breathtaking vistas. Copper rain gutters add a sophisticated touch to the exterior, while the interior shines with dual pane windows, hardwood floors, and recessed lighting. Additionally, parking is convenient with a detached garage, guest parking, and accessible street parking. This exceptional property is ready to be all yours, offering a lifestyle that’s both luxurious and relaxed. Don’t miss out on this rare opportunity—fully furnished and waiting for you to make it your own slice of paradise!
Mortgage Calculator
Est. Monthly Payment
$39,676
Comparable Properties
5 comps foundThis Property
$7,055
Comp Average
$6,891
1180 Devonshire Dr
4bd / 4ba · 3,033 sqft · Single Family
$3.80M
Est. $7,790/mo
3485 Lone Jack Road
4bd / 3ba · 2,446 sqft · Single Family
$3.99M
Est. $7,638/mo
1355 Rainbow Ridge Lane
2bd / 1ba · 1,170 sqft · Single Family
$4.00M
Est. $3,920/mo
772 Conestoga Court
4bd / 4.5ba · 4,608 sqft · Single Family
$4.55M
Est. $7,553/mo
1376 Tennis Club Drive
4bd / 3.5ba · 4,575 sqft · Single Family
$4.58M
Est. $7,553/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
Rent − PITIA
Incl. vacancy, PM, maint, capex
⚠️ Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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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