510 Neptune

510 Neptune

D

Encinitas, CA 92024

$5,700,000
NEW — 4d on market

Beds

4

Baths

3

Sqft

2,367

Year Built

1987

Days on Market

4

Property Type

Single Family

HOA/mo

N/A

MLS ID

260004479SD

Description

Experience unobstructed ocean and sunset views from this bright, spacious oceanfront residence in the heart of Encinitas. Designed for effortless coastal living, the open floor plan is filled with natural light and ideal for both everyday comfort and entertaining. The main level features soaring ceilings and a seamless flow between the living room, dining area, game room, and kitchen. A gas fireplace anchors the living room, where expansive picture windows frame sweeping ocean vistas. The kitchen offers a large island with bar seating, dual ovens, built-in refrigerator and microwave, abundant cabinetry, and direct sightlines to the oceanfront patio. The dining area enjoys dramatic water views, creating a stunning backdrop for gatherings. Upstairs, the private oceanfront primary suite serves as a retreat with fireplace, sitting area, and walls of glass capturing panoramic coastline views. The spa-inspired bath includes dual vanities, soaking tub, and separate shower. An expansive private deck spans the width of the home, while an adjacent den provides flexible space for an office, media room, or lounge. Outdoor living shines with two oceanfront patios designed for relaxation and entertaining, a landscaped grassy yard, private gated entry, and upper and lower seawalls enhancing coastal frontage. Ideally located near Stonesteps Beach, downtown Encinitas, Encinitas Ranch Golf Course, and convenient freeway access, this is a rare opportunity to own a premier oceanfront property in a coveted coastal setting.

Mortgage Calculator

Est. Monthly Payment

$36,185

Principal & Interest$28,822
Property Tax$5,700
Insurance$1,662
%($1,140,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$7,542
Monthly Cashflow

Rent − PITI − HOA

$-28,642
Full Cashflow

Incl. vacancy, PM, maint, capex

$-35,127

Mortgage (P+I)
$28,822
Cap Rate
-1.33%
Cash-on-Cash
-30.15%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$36,184

NOI (Annual)
$-75,656
Price-to-Rent

Lower = better for investors

63.0

* Defaults: 20% down, 6.5% rate, 30yr.

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