4619 Park Drive

4619 Park Drive

D

Carlsbad, CA 92008

$2,249,000
NEW — 3d on market

Beds

2

Baths

2

Sqft

1,425

Year Built

1983

Days on Market

3

Property Type

Single Family

HOA/mo

$324

MLS ID

NDP2602958

Description

EXPERIENCE WATERFRONT LIVING IN BRISTOL COVE! This special property offers a rare chance to own one of the few single-family homes in this highly sought-after coastal community. Set on Agua Hedionda Lagoon, this single-story residence includes a private dock, two boat slips, and a spacious west-facing waterfront patio ideal for sunset views, relaxed evenings by the water, and enjoying Bristol Cove’s one-of-a-kind boating lifestyle. The 1,425 square foot home offers 2 bedrooms, 2 baths, and a flexible space for an optional third bedroom or office. Water views and abundant natural light give the home a warm coastal feel, with a vaulted-ceiling living room, timeless white cabinetry, a cozy bar area, and an inviting dining space. A rare three-car garage provides ample room for parking and storage, with potential future conversion of one bay to a junior ADU. Whether enjoyed as-is or renovated over time, the unique combination of detached waterfront living, private dock access, and future versatility makes this a truly special offering. Zoning also allows for duplex potential, creating additional opportunity for multi-unit use and development. Just minutes from Carlsbad Village, beaches, dining, shopping, and I-5. A rare opportunity to own one of Bristol Cove’s most coveted waterfront properties.

Mortgage Calculator

Est. Monthly Payment

$14,601

Principal & Interest$11,372
Property Tax$2,249
Insurance$656
HOA$324
%($449,800)
%

Investment Score

0D
Est. Monthly Rent
$4,427
Monthly Cashflow

Rent − PITIA

$-10,174
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,067

Mortgage (P+I)
$11,372
Cap Rate
-0.90%
Cash-on-Cash
-34.86%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.30
Break-even Rent
$21,397

NOI (Annual)
$-20,333
Price-to-Rent

Lower = better for investors

42.3

* 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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