518 Neptune
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518 Neptune

C

Encinitas, CA 92024

$7,800,000
NEW — 2d

Beds

4

Baths

4.5

Sqft

3,745

Year Built

2013

Days on Market

2

Property Type

Single Family

HOA/mo

N/A

MLS ID

260016161SD

This property is in Encinitas (92024). View neighborhood stats →

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About This Property

Positioned along one of the most coveted stretches of Neptune Avenue, this exceptional oceanfront residence offers a rare combination of scale, privacy, and timeless quality. Built in 2013 with enduring craftsmanship and premium materials, including Accoya wood trim, the home was designed for both beauty and longevity. Significantly larger than most recent Neptune Avenue offerings, the residence features expansive living spaces, en suite baths for every bedroom, elevator access to all floors, and a rare three-car garage. Outdoor living is exceptional, with an expansive 60x40 foot oceanfront terrace offering substantially more usable waterfront space than most homes on Neptune Avenue, ideal for entertaining or enjoying panoramic sunsets. The property is further enhanced by both a lower seawall and upper bluff retention system, valuable improvements rarely found together. Set back from the street, a private front lanai with a covered seating area and fireplace creates a welcoming outdoor living room, sheltered from both the street and coastal elements. Ideally located in the heart of Neptune Avenue, the home is just minutes from Beacons, Stone Steps, and Moonlight Beach, as well as the shops, restaurants, and cafés of downtown Encinitas. A rare opportunity to own one of Encinitas's premier oceanfront homes, offering exceptional volume, privacy, quality construction, and an irreplaceable coastal lifestyle. Showings to commence on 7/6.

Mortgage Calculator

Est. Monthly Payment

$49,516

Principal & Interest$39,441
Property Tax$7,800
Insurance$2,275
%($1,560,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$9,226
Monthly Cashflow

Rent − PITIA

$-40,290
Full Cashflow

Incl. vacancy, PM, maint, capex

$-48,912

Mortgage (P+I)
$39,441
Cap Rate
-1.46%
Cash-on-Cash
-37.62%
DSCR

Need ≥ 1.25 for DSCR loan

0.19
Break-even Rent
$72,748

NOI (Annual)
$-113,652
Price-to-Rent

Lower = better for investors

70.5

* 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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