4704 El Mirar
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4704 El Mirar

Dbottom 20%

Rancho Santa Fe, CA 92067

$28,000,000
STR: check · HOA rules unknown · TOT 8%

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$190,085/mo full cashflow at 20% down, 7.43% rate.

Works at $3,250,735 (88% under asking); even all cash loses money at asking.

Rent $32,444/mo from 8 leases of 5-bed houses within 2 mi ($25,942–$39,932).

Beds

5

Baths

6.5

Sqft

12,602

Year Built

1995

Days on Market

92

Property Type

Single Family

HOA/mo

$15

MLS ID

NDP2607528

This property is in Rancho Santa Fe (92067). Browse neighborhood analytics →

About This Property

• West Side Covenant • Stunning Ocean Views • Private Tennis Court • Lives like a single-level • 12,000+ SQFT, 6 acres • Fabulous Indoor-Outdoor California Living. Set on the coveted west side of the Rancho Santa Fe Covenant, this gated Mediterranean estate spans more than 12,000 square feet on 6 acres and occupies a remarkable vantage point, with sunrise views over the mountains and Rancho Santa Fe Golf Course to the east and panoramic Pacific Ocean sunsets to the west. Designed around its exceptional setting, the 6+ bedroom residence lives primarily as a single-level home, with a private upstairs two-bedroom guest wing offering ideal separation for family and visitors. Generously proportioned spaces accommodate both everyday living and entertaining, including a grand living and dining room that captures views in both directions, while the expansive kitchen, family room, and entertainer's bar look out toward the Pacific. A game room, media room, and gym provide additional spaces for recreation and relaxation. The grounds create a private resort-like environment with a pool and spa, expansive lawns, a beautiful rose garden, and sunken tennis court. Mature landscaping and the property's elevated position provide a peaceful sense of seclusion. Offering impressive scale, an exceptional indoor-outdoor lifestyle, and a setting that captures the beauty of Rancho Santa Fe from morning through sunset, this is a special opportunity within the Covenant.

Mortgage Calculator

Est. Monthly Payment

$191,733

Principal & Interest$155,552
Property Tax$28,000
Insurance$8,167
HOA$15
%($5,600,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    R. Roger Rowe Elementary · grades PK-5 · Rancho Santa Fe Elementary

  • Middle

    R. Roger Rowe Middle · grades 6-8 · Rancho Santa Fe Elementary

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
$32,444

8 leases of 5-bed houses within 2 mi · $25,942–$39,932

Monthly Cashflow

Rent − PITIA

-$159,290
Full Cashflow

Incl. vacancy, PM, maint, capex

-$190,085

What would make this work?

$190,085/mo short at 20% down; +$246,864/mo rent closes it.

Break-even price

88% under asking

$3,250,735
Break-even rent

$246,864/mo above the estimate

$279,308/mo
Cashflow at 35% down
−$160,919/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)
$155,552
Cap Rate
-1.41%
Cash-on-Cash
-40.73%
DSCR

Need ≥ 1.25 for DSCR loan

0.17

NOI (Annual)
-$394,935
Price-to-Rent

Lower = better for investors

71.9

* 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.

Open Full Calculator
DCashflow−$190,085/mo