518 Ledge St

518 Ledge St

C

San Marcos, CA 92078

$3,750,000
NEW — 1d

Beds

4

Baths

5

Sqft

4,672

Year Built

2018

Days on Market

1

Property Type

Single Family

HOA/mo

$180

MLS ID

260017620SD

This property is in San Marcos (92078). View neighborhood stats →

About This Property

Experience rare luxury on an extraordinary view lot in the gated Summit at San Elijo Hills. This Rockwell plan commands 180-degree panoramic views stretching to Catalina Island and Downtown San Diego. Corner-meet doors seamlessly open the main level to a covered patio. The layout features a professional office, a guest suite with its own living room, and en-suite bathrooms in every bedroom. The culinary spaces are a chef's dream, featuring a main gourmet kitchen and a separate prep kitchen that both come fully equipped with premium GE Monogram appliances. Upstairs, the expansive bonus room is perfect for entertaining and is enhanced by a custom beverage bar. The spectacular backyard transforms into a resort-class oasis, showcasing a striking infinity-edge pool, a relaxing spa, and an incredible sunken seating area integrated directly into the pool. Built for modern energy independence, the property includes a fully paid-for solar system paired with a Tesla battery backup system housed in the 3-car garage. Enjoy an unparalleled lifestyle of quiet privacy and world-class coastal vistas.

Mortgage Calculator

Est. Monthly Payment

$23,986

Principal & Interest$18,962
Property Tax$3,750
Insurance$1,094
HOA$180
%($750,000)
%

Investment Score

0D
Est. Monthly Rent
$6,832
Monthly Cashflow

Rent − PITIA

$-17,154
Full Cashflow

Incl. vacancy, PM, maint, capex

$-21,850

Mortgage (P+I)
$18,962
Cap Rate
-0.92%
Cash-on-Cash
-34.96%
DSCR

Need ≥ 1.25 for DSCR loan

0.28
Break-even Rent
$35,209

NOI (Annual)
$-34,660
Price-to-Rent

Lower = better for investors

45.7

* 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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