
4347 Highland Drive
Dbottom 20%Carlsbad, CA 92008Neighborhood: Hedionda Point
23 licensed short-term rentals within ½ mile (23 whole home), from the cities' license and permit lists of Nov 8, 2026.
Pass at asking: -$17,893/mo full cashflow at 20% down, 7.43% rate.
Works at $670,286 (78% under asking); even all cash loses money at asking.
Rent $6,686/mo from 22 leases of houses within 2 mi, size-adjusted ($5,286–$7,273).
Beds
6
Baths
3
Sqft
2,450
Year Built
1961
Days on Market
45
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2608909
This property is in Carlsbad (92008). View neighborhood stats →
About This Property
Perched along one of Olde Carlsbad’s most coveted streets, 4347 Highland Drive captures the essence of coastal California living with a truly special front-facing outlook. Sweeping ocean, lagoon, and vineyard views unfold from the front of the property, creating a picturesque setting where coastal scenery and rolling vineyard landscapes come together. With an expansive lot and an elevated position, the property feels both private and connected to the beauty that defines this sought-after pocket of Carlsbad. Set on approximately one-third of an acre, this 6-bedroom, 3-bathroom residence is thoughtfully positioned to embrace its surroundings. From peaceful mornings overlooking the vineyards, lagoon, and Pacific Ocean to golden-hour skies stretching toward the coast, the front-facing views provide an ever-changing backdrop to daily life. Inside, a versatile six-bedroom floor plan offers an abundance of space to live, gather, work, and host. Multiple living areas transition naturally to expansive outdoor spaces, creating an effortless indoor-outdoor lifestyle perfectly suited for Southern California. Whether entertaining friends, dining under the open sky, or simply enjoying a quiet evening at home, the property offers countless places to take in the scenery. Beyond the residence, the grounds are what truly set this property apart. An extensive driveway provides generous off-street parking, while the upper portion of the property offers additional usable space with exciting potential for an ADU, guest house, studio, or thoughtfully designed outdoor retreat, subject to applicable approvals and requirements. Adding to its versatility, the property is located within Carlsbad’s short-term vacation rental zone, presenting an additional opportunity for those interested in income-producing potential, subject to applicable City permitting, licensing, and regulations. Located in the heart of Olde Carlsbad, the home offers the tranquility and space of an established residential neighborhood while remaining just minutes from Carlsbad Village, the coastline, beaches, dining, shopping, and the relaxed lifestyle that defines North County. With its remarkable front-facing ocean, lagoon, and vineyard views, generous land, versatile floor plan, short-term rental potential, and room for future possibilities, 4347 Highland Drive is more than a home—it is a property with room to evolve, designed for those who value space, possibility, and the beauty of coastal living.
Mortgage Calculator
Est. Monthly Payment
$20,541
Location
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Zoned Schools
Elementary
Magnolia Elementary · grades K-5 · Carlsbad Unified
Middle
Valley Middle · grades 6-8 · Carlsbad Unified
High
Sage Creek High · grades 9-12 · Carlsbad Unified
or Carlsbad High · grades 9-12 · Carlsbad Unified
Choice area: the district lets families here pick either school.
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Comparable Properties
5 comps foundThis Property
$6,686
Comp Average
$6,841
3485 Ridgecrest
5bd / 3ba · 2,840 sqft · Single Family
$1.90M
Est. $6,744/mo
3684 Maria Ln
5bd / 3ba · 2,960 sqft · Single Family
$2.25M
Est. $7,376/mo

3480 Charter Oak Road
5bd / 3ba · 2,473 sqft · Single Family
$2.17M
Est. $6,448/mo
2275 Cameo Rd
5bd / 4.5ba · 2,590 sqft · Single Family
$2.35M
Est. $7,056/mo
4465 Highland Drive Drive
5bd / 2ba · 2,632 sqft · Single Family
$3.10M
Est. $6,579/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
22 leases of houses within 2 mi, size-adjusted · $5,286–$7,273
Blended 50/50 with a property-level estimate
A property-level estimate runs more than 25% above what comparable homes leased for ($5,894). Treat this rent with extra care.
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$17,893/mo short at 20% down; +$23,238/mo rent closes it.
- Break-even price
- $670,286
- Break-even rent
- $29,924/mo
- Cashflow at 35% down
- −$14,768/mo
- Down payment to break even
- Not reachable
- Rate to break even
- Not reachable
78% under asking
$23,238/mo above the estimate
Negative even all-cash
Negative even at a 0% loan
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.
Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.
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