2969 Racetrack View

2969 Racetrack View

D

Del Mar, CA 92014

$3,995,000

Soft Appraisal Value: $3,226,300 · 23.8% above estimate

Beds

4

Baths

4

Sqft

2,708

Year Built

1987

Days on Market

10

Property Type

Single Family

HOA/mo

N/A

MLS ID

260005717SD

Description

Private Resort-Style Single-Level Estate on Nearly One Acre with Detached Casita/ADU A rare opportunity to own a private, resort-style estate set on nearly one acre of beautifully manicured, park-like grounds, complete with a detached ADU/casita ideal for guests or extended family. The property offers an extraordinary sense of serenity and space, with meandering garden pathways, lush landscaping, and dramatic cascading waterfall features—all centered around a magnificent Torrey Pine that creates a truly breathtaking natural setting. Designed for effortless indoor-outdoor living, the bright and open floor plan features expansive patio doors that seamlessly connect the main living areas to the spectacular backyard retreat. The beautifully upgraded kitchen showcases high-end stainless steel appliances, abundant cabinetry, generous eat-in counter seating, and a built-in breakfast area for casual dining. The adjacent family room provides a welcoming gathering space and opens fully to the backyard, allowing the home to flow naturally into the outdoor living areas. The luxurious primary suite serves as a private sanctuary, featuring a spa-inspired bath, oversized walk-in closet, cozy fireplace, and spacious sitting area. Each bedroom is designed as an ensuite retreat, offering comfort and privacy for family and guests. Distinctive architectural elements add warmth and character throughout, including a striking ceiling crafted from reclaimed wine vineyard stakes. Outdoor living is equally impressive, with expansive patios featuring two fireplaces, an outdoor bar area, and a tranquil spa nestled beside a cascading waterfall—creating the perfect setting for both entertaining and peaceful relaxation. The detached ADU offers exceptional versatility, with its own dedicated parking and private patio. The space includes a kitchen, den, full bedroom and bath, and vaulted ceilings, providing the feel of a private luxury casita. Additional highlights include a three-car attached garage and thoughtfully designed spaces that blend elegance, comfort, and natural beauty.

Mortgage Calculator

Est. Monthly Payment

$25,361

Principal & Interest$20,201
Property Tax$3,995
Insurance$1,165
%($799,000)
%

Investment Score

0D
Est. Monthly Rent
$7,990
Monthly Cashflow

Rent − PITI − HOA

$-17,371
Full Cashflow

Incl. vacancy, PM, maint, capex

$-22,538

Mortgage (P+I)
$20,201
Cap Rate
-0.70%
Cash-on-Cash
-33.85%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$37,260

NOI (Annual)
$-28,042
Price-to-Rent

Lower = better for investors

41.7

* 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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