3537 Dove Hollow Dr.
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3537 Dove Hollow Dr.

D

Encinitas, CA 92024

$4,495,000

Soft Appraisal Value: $4,259,700 · 5.5% above estimate

Beds

6

Baths

5

Sqft

5,813

Year Built

2000

Days on Market

45

Property Type

Single Family

HOA/mo

N/A

MLS ID

260008708SD

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

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About This Property

Motivated sellers present an extraordinary opportunity to own a private, European-inspired smart estate in the heart of Olivenhain. Perfectly situated on an expansive lot with direct access to local equestrian trails, this multigenerational property features three detached structures designed for ultimate flexibility and seamless indoor-outdoor living. The main residence offers the ease of a single-story layout, with the entire main level dedicated to daily living, a private home office, and a luxurious primary suite. A thoughtfully designed, split-level secondary wing houses two bedrooms with a Jack-and-Jill bath, an additional en-suite guest room, and a versatile play loft—offering the perfect balance of proximity and privacy for family or guests. Outside, the manicured grounds are a haven for farm-to-table living, complete with a custom chicken coop, an organic vegetable garden, and a mature, producing orchard. The estate offers endless potential, with ample room to add a pickleball court or putting green. Boasting its own private address, the detached guest residence (ADU) is an entertainer’s and enthusiast's dream—featuring a premier collector’s car garage alongside a fully built-out outdoor kitchen equipped with a Santa Maria grill, flat-top, BBQ, and pizza oven.

Mortgage Calculator

Est. Monthly Payment

$28,535

Principal & Interest$22,729
Property Tax$4,495
Insurance$1,311
%($899,000)
%

Location

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Investment Score

6D
Est. Monthly Rent
$15,229
Monthly Cashflow

Rent − PITIA

$-13,306
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,555

Mortgage (P+I)
$22,729
Cap Rate
0.58%
Cash-on-Cash
-27.44%
DSCR

Need ≥ 1.25 for DSCR loan

0.53
Break-even Rent
$41,923

NOI (Annual)
$26,094
Price-to-Rent

Lower = better for investors

24.6

* 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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