4513 Cove Drive
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4513 Cove Drive #17

D

Carlsbad, CA 92008

$1,150,000
NEW — 1d

Beds

2

Baths

2

Sqft

1,453

Year Built

1977

Days on Market

1

Property Type

Condo

HOA/mo

$900

MLS ID

AR26086895

This property is in Carlsbad (92008). View neighborhood stats →

About This Property

Available for the first time in nearly 50 years, this premier top-floor residence at Cove Point offers a truly rare opportunity to own a legacy waterfront property. As one of the most coveted positions in the building, the home features soaring 12-foot ceilings in the living room accented by exposed wood beams that frame sweeping, unobstructed views of the marina, lush hillsides, and the sparkling water of the lagoon.Being on the top floor provides a level of privacy, volume, and natural light that is seldom found on the market, making it the perfect canvas for someone looking to design a high-end luxury retreat tailored to their exact specifications. The 1,453-square-foot, 2-bedroom, 2-bathroom floor plan flows seamlessly from the formal entry into an airy living space where the views take center stage.The lifestyle at Cove Point is incomparable, featuring a private boat slip for immediate water access right from your back door. This secure, gated complex offers the convenience of an elevator taking you directly to your underground parking. Residents enjoy resort-style amenities including a pool, spa, and a clubhouse situated right on the water with an outdoor dining area. Located just minutes from world-class beaches and Carlsbad Village, this is an exceptional opportunity to transform a top-tier waterfront residence into your own masterpiece.

Mortgage Calculator

Est. Monthly Payment

$8,200

Principal & Interest$5,815
Property Tax$1,150
Insurance$335
HOA$900
%($230,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$3,655
Monthly Cashflow

Rent − PITIA

$-4,545
Full Cashflow

Incl. vacancy, PM, maint, capex

$-6,344

Mortgage (P+I)
$5,815
Cap Rate
-0.55%
Cash-on-Cash
-33.10%
DSCR

Need ≥ 1.25 for DSCR loan

0.45
Break-even Rent
$11,894

NOI (Annual)
$-6,348
Price-to-Rent

Lower = better for investors

26.2

* 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.

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