3842 Modena Pl
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3842 Modena Pl

D

Carmel Valley, CA 92130

$3,399,000

Beds

4

Baths

3

Sqft

3,430

Year Built

1998

Days on Market

46

Property Type

Single Family

HOA/mo

$180

MLS ID

NDP2601993

This property is in Carmel Valley (92130). View neighborhood stats →

About This Property

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 with handsome built-ins. Upon entering the home, you are greeted with a grand foyer and a bright, open floorplan. The gourmet kitchen features Sub-zero and Miele appliances, quartz countertops, custom cabinetry, and a large center island with a breakfast bar. The biggest selling point of the home are the breathtaking views from the primary bedroom balcony overlooking the Pacific Ocean, majestic mountains and equestrian estate below! The suite features a large walk-in closet, sun filled bath with Taj Mahal countertops with dual sinks, and a soaking tub. The secondary bedrooms are generously sized and offer ample closet space, 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

$21,758

Principal & Interest$17,187
Property Tax$3,399
Insurance$991
HOA$180
%($679,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$6,400
Monthly Cashflow

Rent − PITIA

$-15,357
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,662

Mortgage (P+I)
$17,187
Cap Rate
-0.87%
Cash-on-Cash
-34.71%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$31,935

NOI (Annual)
$-29,694
Price-to-Rent

Lower = better for investors

44.3

* 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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