2959 Cape Sebastian Place

2959 Cape Sebastian Place

D

Cardiff-by-the-Sea, CA 92007

$1,200,000
NEW — 0d on market

Beds

2

Baths

2

Sqft

1,258

Year Built

1974

Days on Market

0

Property Type

Condo

HOA/mo

$510

MLS ID

IV26073071

Description

Set within the coveted Cardiff Cove community, this exquisitely updated beachside condo offers a rare blend of coastal elegance, modern design and breathtaking natural surroundings. Thoughtfully reimagined with elevated finishes throughout, this 1,258 sf home features two bedrooms and two baths for exceptional privacy and versatility.The gourmet kitchen is a true showpiece; appointed with custom-designed imported cabinetry, marble countertop, generous storage, a custom-built refrigerator and freezer and a premium JENN-AIR range in the center of kitchen island. Custom white ceramic flooring flows seamlessly throughout both levels, creating a clean, sophisticated backdrop that enhances the home’s refined aesthetic. Additional bespoke details include built-in custom closets in both bedrooms, custom glass bathroom doors, custom opaque glass bedroom doors, wall-mounted Bang & Olufsen flat-screen with mechanized Apple TVs in each bedroom, a fabulous deep-soaking tub with waterfall faucet and a wall-mounted towel warmer in the primary bath. Skylights provide natural lighting both inside the home and patio. Architectural elements further elevate the home including custom floating tiled stairs with a clear glass divider railing that adds a sleek, contemporary touch. The second-floor balcony off the primary bedroom captures unobstructed views of the San Elijo Lagoon Bird Sanctuary across the road, with a clear view to the ocean beyond—an ideal setting for morning coffee or evening relaxation. A single finished garage with custom storage cabinets complete the offering.Cardiff By The Sea is a high-demand coastal neighborhood with a luxury beach town profile and limited inventory. Residents of Cardiff Cove enjoy a desirable coastal lifestyle with community amenities that include a pool, clubhouse and beautifully maintained grounds; all within close proximity to Cardiff State Beach, the lagoon, bird sanctuary, scenic trails, local dining, shopping, and the relaxed charm of Cardiff By The Sea. Whether you’re looking for a primary residence, second home or investment opportunity, this Cardiff Cove condo delivers location, value and the laid-back Southern California lifestyle in one sought-after package. Schedule a tour today and start envisioning the possibilities of beachside living in the quiet security of this elegant coastal home!

Mortgage Calculator

Est. Monthly Payment

$8,128

Principal & Interest$6,068
Property Tax$1,200
Insurance$350
HOA$510
%($240,000)
%

Investment Score

1D
Est. Monthly Rent
$4,200
Monthly Cashflow

Rent − PITIA

$-3,928
Full Cashflow

Incl. vacancy, PM, maint, capex

$-5,894

Mortgage (P+I)
$6,068
Cap Rate
0.17%
Cash-on-Cash
-29.47%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.52
Break-even Rent
$11,854

NOI (Annual)
$2,088
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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