4347 Highland Drive
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4347 Highland Drive

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Carlsbad, CA 92008Neighborhood: Hedionda Point

$3,000,000
STR-eligible · Carlsbad Coastal Zone · TOT 10%

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 →

Virtual Tour

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

Principal & Interest$16,666
Property Tax$3,000
Insurance$875
%($600,000)
%
Loan Term

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.

Investment Score

0D
Est. Monthly Rent
$6,686

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.

Monthly Cashflow

Rent − PITIA

-$13,855
Full Cashflow

Incl. vacancy, PM, maint, capex

-$17,893

What would make this work?

$17,893/mo short at 20% down; +$23,238/mo rent closes it.

Break-even price

78% under asking

$670,286
Break-even rent

$23,238/mo above the estimate

$29,924/mo
Cashflow at 35% down
−$14,768/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$16,666
Cap Rate
-0.36%
Cash-on-Cash
-35.79%
DSCR

Need ≥ 1.25 for DSCR loan

0.33

NOI (Annual)
-$10,710
Price-to-Rent

Lower = better for investors

37.4

* 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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DCashflow−$17,893/mo