3881 Rancho Summit Drive
1 / 20

3881 Rancho Summit Drive

D

Encinitas, CA 92024

$3,500,000
NEW — 0d on market

Beds

4

Baths

5

Sqft

4,777

Year Built

2020

Days on Market

0

Property Type

Single Family

HOA/mo

$380

MLS ID

NDP2603519

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

Virtual Tour

About This Property

Welcome to an exceptional bluff top estate in the prestigious enclave of Olivenhain, where Mediterranean elegance meets modern innovation, offering privacy, security, and stunning canyon, ocean, and sunset views. Built in 2020, this single story home spans nearly 5,000 square feet on over an acre and features 4 bedrooms and 5 bathrooms, with 10-foot ceilings throughout and 15-foot ceilings in the main living area, creating a bright, open design enhanced by expansive California sliding glass doors for seamless indoor outdoor living. A private courtyard entry opens to an entertainer’s layout featuring a chef’s kitchen with Thermador appliances, dual ovens and dishwashers, a Sub Zero refrigerator, quartz and granite countertops, a large center island, and a built in bar with butler’s pantry. The Great Room is centered around a smart fireplace, while a private office and attached casita or secondary suite with its own kitchenette and dedicated A/C offer flexibility for guests or multigenerational living. The primary suite provides a spa like retreat with a European soaking tub and a custom dual rain shower. Outdoor spaces include a covered lanai patio with fireplace and heaters, putting green, and maintenance free turf, all positioned to capture panoramic views. Additional features include owned solar, tankless water heater, four zone HVAC, whole house water filtration and softening with alkaline drinking water, whole home audio, smart home technology, exterior camera surveillance system, holiday lighting outlets, ceiling fans throughout, and a four car epoxy floored garage with overhead storage. Located near top rated schools, scenic hiking trails, and equestrian paths, this home offers a rare opportunity in one of Encinitas’ most desirable communities, with the seller also willing to consider rental offers for added flexibility.

Mortgage Calculator

Est. Monthly Payment

$22,599

Principal & Interest$17,698
Property Tax$3,500
Insurance$1,021
HOA$380
%($700,000)
%

Location

Loading map...

Investment Score

0D
Est. Monthly Rent
$7,634
Monthly Cashflow

Rent − PITIA

$-14,965
Full Cashflow

Incl. vacancy, PM, maint, capex

$-19,637

Mortgage (P+I)
$17,698
Cap Rate
-0.66%
Cash-on-Cash
-33.66%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.34
Break-even Rent
$33,137

NOI (Annual)
$-23,274
Price-to-Rent

Lower = better for investors

38.2

* 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.

Get Expert AnalysisOpen Full Calculator