4955 Rancho Viejo Drive
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4955 Rancho Viejo Drive

Dbottom 20%

Del Mar, CA 92014

$4,998,000

Pass at asking: -$30,086/mo full cashflow at 20% down, 7.43% rate.

Works at $1,080,778 (78% under asking); even all cash loses money at asking.

Rent $10,780/mo from 8 leases of 4–6 bed houses within 2 mi, same school area ($8,666–$12,790).

Beds

5

Baths

4

Sqft

3,329

Year Built

1980

Days on Market

157

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2605433

This property is in Del Mar (92014). View neighborhood stats →

Virtual Tour

About This Property

Back on Market! Tucked away at the end of a quiet cul-de-sac in the prestigious Rancho Del Mar community, this one-of-a-kind custom estate offers a living experience that is nearly impossible to replicate today. Originally designed and built as a custom residence, the home seamlessly blends timeless craftsmanship, architectural character, and breathtaking natural surroundings into a truly exceptional retreat. Perched above the surrounding landscape on approximately one acre, the property feels more like a luxury mountain lodge than a traditional coastal home. Towering trees, sweeping canyon vistas, and panoramic views stretching across Rancho Santa Fe and the Del Mar Polo Fields create a setting of unmatched tranquility and privacy. The home's architectural centerpiece is its dramatic single-level design, highlighted by soaring ceilings, exposed wood beams, and expansive windows that flood the interior with natural light throughout the day. Every space was thoughtfully positioned to capture the property's extraordinary views, creating an effortless connection between the indoors and the surrounding landscape. Extensively upgraded while preserving its original character, the residence features wide-plank engineered hardwood flooring, custom millwork, designer lighting, and carefully curated finishes throughout. Unlike many newer homes, every element feels intentional, distinctive, and built to last. Offering 4 full bedrooms, plus an office, and 4 full bathrooms, the floor plan provides exceptional flexibility while maintaining the convenience of single-story living. Adding to the home's uniqueness is a finished lower-level bonus retreat currently designed as a luxurious wellness space. Anchored by a custom built-in dry sauna, this private escape evokes the feeling of a five-star resort, providing the perfect place to unwind, recharge, and enjoy a spa-like experience without ever leaving home. Rarely does a property combine the ease of single-story living, the character of a true custom home, and the serenity of a mountain retreat while remaining just minutes from Del Mar's beaches, dining, shopping, equestrian facilities, golf courses, and top-rated schools. This is more than a home—it's a private sanctuary where architecture, nature, and lifestyle come together in a way that is increasingly rare to find.

Mortgage Calculator

Est. Monthly Payment

$34,222

Principal & Interest$27,766
Property Tax$4,998
Insurance$1,458
%($999,600)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Solana Vista Elementary · grades K-3 · Solana Beach Elementary

  • Middle

    Earl Warren Middle · grades 7-8 · San Dieguito Union High

  • High

    Torrey Pines High · grades 9-12 · San Dieguito Union High

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
$10,780

8 leases of 4–6 bed houses within 2 mi, same school area · $8,666–$12,790

Monthly Cashflow

Rent − PITIA

-$23,442
Full Cashflow

Incl. vacancy, PM, maint, capex

-$30,086

What would make this work?

$30,086/mo short at 20% down; +$39,073/mo rent closes it.

Break-even price

78% under asking

$1,080,778
Break-even rent

$39,073/mo above the estimate

$49,853/mo
Cashflow at 35% down
−$24,880/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)
$27,766
Cap Rate
-0.43%
Cash-on-Cash
-36.12%
DSCR

Need ≥ 1.25 for DSCR loan

0.32

NOI (Annual)
-$21,377
Price-to-Rent

Lower = better for investors

38.6

* 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−$30,086/mo