381 Playa Blanca
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381 Playa Blanca

C

Encinitas, CA 92024

$1,749,500

Beds

2

Baths

2

Sqft

1,155

Year Built

1984

Days on Market

8

Property Type

Condo

HOA/mo

$550

MLS ID

260015040SD

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

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About This Property

Rare opportunity to own a beautifully remodeled single-level residence in the highly sought-after Haciendas De La Playa community, ideally situated west of I-5 in the heart of coastal Encinitas. Combining luxury, comfort, and an unbeatable location, this exceptional 2-bedroom, 2-bath home offers approximately 1,155 square feet of thoughtfully designed living space and embodies the very best of Southern California coastal living. Step inside to discover a light-filled open-concept floor plan enhanced by designer finishes, modern coastal elegance, and seamless indoor-outdoor flow. The fully renovated kitchen, featuring premium stainless steel appliances, a wine refrigerator, custom cabinetry, and sophisticated finishes designed for both everyday living and effortless entertaining. The spacious living area is anchored by a cozy fireplace and opens directly to private outdoor spaces, creating the perfect setting to enjoy Encinitas’ year-round coastal climate. The luxurious primary suite serves as a private retreat, complete with a spa-inspired bathroom featuring dual vanities, a large walk-in shower, and refined designer details throughout. A generous west-facing patio offers ocean views and an ideal space to relax, entertain, or enjoy breathtaking sunsets. The secondary bedroom and full bath provide comfortable accommodations for guests, family, or a home office. Additional features include an attached garage with EV charging capability, in-unit laundry, and extensive upgrades throughout. Residents of Haciendas De La Playa enjoy beautifully maintained grounds, lush landscaping, Spanish-inspired architecture, and resort-style amenities including a community pool and spa. Located just blocks from Moonlight Beach, Swami’s Beach, downtown Encinitas, the train station, and the Coastal Rail Trail connecting Cardiff, Encinitas, and Leucadia, this home offers unparalleled access to world-class beaches, renowned restaurants, coffee shops, boutiques, shopping, nightlife, and outdoor recreation. Rarely do homes in this coveted community become available. Experience the ultimate blend of luxury, lifestyle, and location in one of North County’s most desirable coastal neighborhoods.

Mortgage Calculator

Est. Monthly Payment

$11,656

Principal & Interest$8,846
Property Tax$1,750
Insurance$510
HOA$550
%($349,900)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,785
Monthly Cashflow

Rent − PITIA

$-7,871
Full Cashflow

Incl. vacancy, PM, maint, capex

$-10,199

Mortgage (P+I)
$8,846
Cap Rate
-0.93%
Cash-on-Cash
-34.98%
DSCR

Need ≥ 1.25 for DSCR loan

0.32
Break-even Rent
$17,031

NOI (Annual)
$-16,236
Price-to-Rent

Lower = better for investors

38.5

* 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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