330 Neptune Ave

330 Neptune Ave

D

Encinitas, CA 92024

$5,995,000
NEW — 5d on market

Beds

3

Baths

3

Sqft

2,217

Year Built

2007

Days on Market

5

Property Type

Single Family

HOA/mo

N/A

MLS ID

260003675SD

Description

Perched dramatically on the bluff above Stone Steps Beach, this award-winning oceanfront architectural masterpiece offers commanding, unobstructed panoramic views of the Pacific Ocean and coastline from one of Encinitas’ most coveted streets. Designed by renowned architect Steven Lombardi and entirely rebuilt to custom specifications, the residence embodies the ultimate Southern California coastal lifestyle with seamless indoor-outdoor living and extraordinary attention to detail throughout. Spanning approximately 2,217 square feet, the home features three bedrooms plus an optional space, three baths, and a two-car garage, along with owned solar. A striking blend of natural woods, metals, stone, and expansive glass defines the architecture, creating a light-filled, airy environment that frames ocean views from multiple vantage points. Skylights, oversized windows, and disappearing glass doors allow natural light to filter throughout the home while capturing the ever-changing seascape. The heart of the home is the dramatic great room, where raised Douglas Fir ceilings, a custom gas fireplace, and pocket doors open effortlessly to an ocean-view terrace..perfect for entertaining or soaking in sunsets, whitewater views, and the sound of the surf. The gourmet kitchen is clad in professional-grade appliances, poured and polished concrete countertops, Douglas Fir cabinetry, natural stone accents, and caramelized bamboo flooring. Designed as a private coastal retreat, the residence includes spa-inspired amenities such as a private day spa with waterfall jacuzzi, infrared sauna, and outdoor shower. The primary suite features poured-in-place concrete floors with radiant heating, while the primary bath is finished with green natural quartzite flooring and limestone shower surrounds. Crowning the home is a private rooftop “bird’s nest” studio and bluff-top view deck, offering breathtaking 360-degree panoramas that make you feel as though you’re floating above the Pacific Ocean; a true grand finale to this exceptional property. Located oceanfront and adjacent to Stone Steps Beach access, with Moonlight Beach, restaurants, shops, and the vibrant coastal village of Encinitas just moments away, this one-of-a-kind residence delivers an unmatched blend of architectural distinction, luxury, and location. A rare opportunity to own a timeless, design-forward home where every day feels like a seaside escape.

Mortgage Calculator

Est. Monthly Payment

$38,058

Principal & Interest$30,314
Property Tax$5,995
Insurance$1,749
%($1,199,000)
%

Investment Score

0D
Est. Monthly Rent

HUD Fair Market Rent

$4,710
Monthly Cashflow
$-39,427

Mortgage (P+I)
$30,314
Cap Rate
-1.82%
Cash-on-Cash
-39.46%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.16
Break-even Rent
$43,760

NOI (Annual)
$-109,358
Price-to-Rent

Lower = better for investors

106.1

* Defaults: 20% down, 6.5% rate, 30yr.

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