5143 Shore Drive

5143 Shore Drive

D

Carlsbad, CA 92008

$16,200,000

Beds

6

Baths

7.5

Sqft

5,285

Year Built

1980

Days on Market

227

Property Type

Single Family

HOA/mo

N/A

MLS ID

250032740SD

Description

Offered for the first time, the most iconic oceanfront home in all of Carlsbad—an authentic Italian-inspired villa where timeless elegance meets rare beachfront ownership. Nestled within the coveted Terramar community, this extraordinary 6 bedroom estate offers a once-in-a-lifetime opportunity to not only live at the edge of the Pacific but to own the beach itself. Wake up to the sound of waves lapping just beyond your terrace and enjoy sun-drenched mornings with ocean breezes and panoramic coastal views. Designed for luxurious coastal living, the home features dual oceanfront primary suites, including one with a lavish “See to the Sea” oversized shower. A separate 2 story private-entry casita with ocean views adds flexibility for guests, multigenerational living, or income potential. Inside the gated entry, you’re greeted by a lush, romantic courtyard with a bubbling fountain, pond, colorful bougainvillea, and a stunning curved fireplace—setting the tone for the charm and serenity found throughout. Multiple garden vignettes and inviting outdoor seating areas create the feel of a boutique resort, ideal for quiet reflection or entertaining by the sea. Rich wood floors, graceful architecture, and expansive, light-filled living spaces complete the interior, blending old-world character with modern comfort. Voted Home of the Year in 1991 by San Diego Home and Garden, this landmark property isn’t just a residence—it’s a coastal legacy. Live the lifestyle others only dream about—beauty, privacy, and unforgettable oceanfront memories await.

Mortgage Calculator

Est. Monthly Payment

$102,841

Principal & Interest$81,916
Property Tax$16,200
Insurance$4,725
%($3,240,000)
%

Comparable Properties

1 comp found

This Property

$8,669

vs

Comp Average

$4,951

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent

Zillow Rent Zestimate

$8,669
Monthly Cashflow
$-109,666

Mortgage (P+I)
$81,916
Cap Rate
-2.06%
Cash-on-Cash
-40.62%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.11
Break-even Rent
$117,641

NOI (Annual)
$-332,998
Price-to-Rent

Lower = better for investors

155.7

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

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