3842 Modena Pl

3842 Modena Pl

D

Carmel Valley, CA 92130

$3,795,000
NEW — 1d on market

Beds

4

Baths

3

Sqft

3,430

Year Built

1998

Days on Market

1

Property Type

Single Family

HOA/mo

$180

MLS ID

NDP2601993

View on MLS

Description

Experience panoramic ocean, valley and mountain views from this impeccably remodeled luxury home in Venezia, one of Carmel Valley's most coveted communities. Fully transformed in 2024 the stylish property spans over 3,400 sq. ft. and includes 3 bedrooms, 3 baths, and an executive office. Upon entering the home, you are greeted with a grand foyer and a bright and open floor plan that seamlessly blends the living, dining, and kitchen areas. The gourmet kitchen features high-end stainless-steel appliances, granite countertops, custom cabinetry, and a large center island with a breakfast bar. Arguably the biggest selling point of the home are the views from the primary bedroom balcony overlooking the Pacific Ocean and mountains which also includes a large walk-in closet, luxurious en-suite bathroom with dual sinks, a soaking tub, and separate showers. The other bedrooms are generously sized and offer ample closet space, making them perfect for family or guests. With designer finishes throughout, a serene koi pond, 3-car garage, owned solar, 2 Tesla wall batteries, and an EV charger, this turn-key estate is the ultimate lock-and-leave retreat in coastal San Diego. Come enjoy this prime location within walking distance to One Paseo, Del Mar Highlands, and easy reach to top public schools.

Mortgage Calculator

Est. Monthly Payment

$24,271

Principal & Interest$19,190
Property Tax$3,795
Insurance$1,107
HOA$180
%($759,000)
%

Investment Score

0D
Est. Monthly Rent

Estimated Rent

$5,637
Monthly Cashflow

Rent − PITI − HOA

$-18,635
Full Cashflow

Incl. vacancy, PM, maint, capex

$-23,094

Mortgage (P+I)
$19,190
Cap Rate
-1.23%
Cash-on-Cash
-29.46%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$24,272

NOI (Annual)
$-46,848
Price-to-Rent

Lower = better for investors

56.1

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

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