3369 Rocking Horse Cir
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3369 Rocking Horse Cir

D

Encinitas, CA 92024

$4,100,000

Soft Appraisal Value: $3,919,100 · 4.6% above estimate

Beds

5

Baths

6.5

Sqft

4,918

Year Built

1990

Days on Market

50

Property Type

Single Family

HOA/mo

$85

MLS ID

260006863SD

This property is in Encinitas (92024). View neighborhood stats →

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About This Property

Step into a private hillside sanctuary where design, nature, and serenity come together in a truly one-of-a-kind estate. Tucked away on a quiet cul-de-sac in Olivenhain Hills, this residence offers exceptional privacy while remaining just minutes from top-rated schools, shopping, and the best of Encinitas and Rancho Santa Fe. Behind custom redwood gates, the property unfolds into eight beautifully designed gardens with curated landscaping from around the world, creating a resort-like, tropical atmosphere. A tranquil setting and lush surroundings create a sense of calm, blending relaxed elegance with refined Southern California living. The fully usable grounds feature bamboo groves, lush plantings, a park-like setting, and a fruit orchard all designed and supported by an integrated irrigation system for efficient upkeep. The home lives primarily as a single level, offering five en-suite bedrooms, including a spacious primary suite on the main floor. An optional junior primary suite upstairs, along with a private movie theater, provides flexibility for guests or multigenerational living. A fully remodeled kitchen anchors expansive living spaces, complemented by a library, office, full bar, and walk-in wine cellar. Indoor-outdoor living shines with multiple fireplaces, a cascading waterfall, and a redesigned saltwater pool, spa, and pool house. Fully paid-off solar, generous parking, and dual access complete this exceptional offering bordering Rancho Santa Fe for ultimate privacy and convenience.

Mortgage Calculator

Est. Monthly Payment

$26,113

Principal & Interest$20,732
Property Tax$4,100
Insurance$1,196
HOA$85
%($820,000)
%

Location

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Investment Score

7D
Est. Monthly Rent
$14,741
Monthly Cashflow

Rent − PITIA

$-11,372
Full Cashflow

Incl. vacancy, PM, maint, capex

$-18,179

Mortgage (P+I)
$20,732
Cap Rate
0.75%
Cash-on-Cash
-26.60%
DSCR

Need ≥ 1.25 for DSCR loan

0.56
Break-even Rent
$38,350

NOI (Annual)
$30,635
Price-to-Rent

Lower = better for investors

23.2

* 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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