2640 Highland

2640 Highland

Dbottom 20%

Carlsbad, CA 92008Neighborhood: Olde Carlsbad

$3,095,000
STR closed · outside Carlsbad's Coastal Zone

2 licensed short-term rentals within ½ mile (2 whole home), from the cities' license and permit lists of Nov 1, 2026.

Pass at asking: -$18,754/mo full cashflow at 20% down, 7.49% rate.

Works at $663,601 (79% under asking); even all cash loses money at asking.

Rent $6,648/mo from 8 leases of 4-bed houses within 2 mi ($5,862–$7,156).

Beds

4

Baths

3

Sqft

2,369

Year Built

1964

Days on Market

—

Property Type

Single Family

HOA/mo

N/A

MLS ID

260026044SD

This property is in Carlsbad (92008). View neighborhood stats →

About This Property

A rare opportunity to enjoy the luxury of newer construction, single-story living in one of Carlsbad's most desirable coastal neighborhoods. Extensively rebuilt and expanded in 2021, this beautifully designed residence offers approximately 1,900 square feet in the main home, with three bedrooms, two baths, and a separate ADU, a stunning saltwater pool and spa, fully owned solar, and an exceptional location just one mile from the shops, restaurants, and beaches of Carlsbad Village. Set along a picturesque, quiet street, the property combines the charm of an established neighborhood with the comfort and sophistication of a modern coastal retreat. Beyond the gated entrance, a beautifully landscaped private courtyard welcomes you with a tranquil Zen garden and generous spaces for outdoor lounging and dining. Inside, the thoughtfully designed floor plan unfolds through a stunning dining area, where Panoramic folding glass doors open to the front courtyard, creating a seamless connection between indoor and outdoor living. The dining room flows into a magazine-featured chef's kitchen, showcasing an oversized quartzite island, custom furniture-grade cabinetry, hand-blown glass pendants, and a premium suite of Thermador appliances. Adjacent is a hidden pantry, coffee station, and thoughtfully designed cabinetry for your favorite kitchen items. Beyond, the spacious great room features a gas fireplace and a second wall of folding glass doors opening to the rear patio and backyard. The result is a beautiful, light-filled living environment designed for effortless entertaining and everyday comfort. A separate bedroom wing offers privacy and a peaceful retreat from the main living spaces. The primary suite features an expanded walk-in closet with custom built-ins and a beautifully appointed bathroom with a freestanding Kohler soaking tub, oversized rainfall shower, and bidet toilet. A thoughtfully upgraded guest bathroom features custom tilework, a walk-in shower, and a distinctive abalone shell sink. Outside, the large backyard has gorgeous views, and has a sparkling saltwater pool and spa completed in 2023, with an automatic cover, wireless controls, and elegant porcelain paver patios. Multiple outdoor living spaces, from the intimate front courtyard to the expansive rear patio and poolside setting, provide inviting spaces for relaxing, dining, and entertaining. The approximately 450-square-foot ADU above the garage features its own private entrance, full bathroom, Murphy bed, mini-split climate control, and balcony. A spiral staircase leads to a rooftop deck with beautiful ocean views, creating an extraordinary setting to enjoy coastal sunsets. Adu can be used as a rental income, a home office, a home for adult children, or extended family The extensive 2021 reconstruction included new plumbing and electrical systems, windows, drywall, stucco, and the addition of the great room, kitchen, dining room, and ADU. Further enhancements include updated heating and cooling systems with a new AC unit in 2026, a tankless water heater, a dedicated laundry room, and fully paid-off solar panels. A spacious driveway provides additional off-street parking, completing this exceptionally functional coastal property. With its extensive 2021 reconstruction, single-level floor plan, beautifully appointed interiors, private pool, separate ADU, and proximity to Carlsbad Village, this is a rare opportunity to enjoy modern luxury in an established coastal neighborhood.

Mortgage Calculator

Est. Monthly Payment

$21,293

Principal & Interest$17,296
Property Tax$3,095
Insurance$903
%($619,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Buena Vista Elementary · grades PK-5 · Carlsbad Unified

  • Middle

    Valley Middle · grades 6-8 · Carlsbad Unified

  • High

    Sage Creek High · grades 9-12 · Carlsbad Unified

    or Carlsbad High · grades 9-12 · Carlsbad Unified

    Choice area: the district lets families here pick either school.

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

0D
Est. Monthly Rent
$6,648

8 leases of 4-bed houses within 2 mi · $5,862–$7,156

Blended 50/50 with the zip's market median ($6,453)

Monthly Cashflow

Rent − PITIA

-$14,646
Full Cashflow

Incl. vacancy, PM, maint, capex

-$18,754

What would make this work?

$18,754/mo short at 20% down; +$24,356/mo rent closes it.

Break-even price

79% under asking

$663,601
Break-even rent

$24,356/mo above the estimate

$31,004/mo
Cashflow at 35% down
−$15,511/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$17,296
Cap Rate
-0.44%
Cash-on-Cash
-36.36%
DSCR

Need ≥ 1.25 for DSCR loan

0.31

NOI (Annual)
-$13,510
Price-to-Rent

Lower = better for investors

38.8

* Modelled at 20% down, 7.49% 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.

Open Full Calculator
DCashflow−$18,754/mo