519 Ledge Street
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519 Ledge Street

D

San Marcos, CA 92078

$2,860,000
NEW — 3d

Beds

5

Baths

5.5

Sqft

5,010

Year Built

2018

Days on Market

3

Property Type

Single Family

HOA/mo

$158

MLS ID

NDP2605251

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

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About This Property

Stunning luxury residence located in The Summit at San Elijo Hills. This gorgeous Melbourne plan includes a full multi-gen suite on the first floor with private living room, bedroom, and full bath, plus a primary bedroom and bath on the 2nd floor, bringing the total to 5 ensuite bedrooms + office/club room, 5.5 baths and 3-car garage. Beautifully appointed with top-of-the-line upgrades, the property sits on an expansive 20,929 ESF (0.48 acre) lot offering mountain and community views along with exceptional outdoor living. Enjoy a large spa, covered pergolas, multiple patios, a built-in outdoor cooking station with grill, side gardening area, lush landscaping, and ample space for sports or play area. The entry and cozy side courtyards are additional favorite highlights. The open-concept living area features upgraded stackable doors that create a seamless indoor/outdoor flow to the backyard spa and entertaining spaces. You will love the outdoor covered living space! Upstairs, the primary suite offers a spa-inspired bath with separate soaking tub, an oversized shower with dual head, and a private wrap-around view deck with large stackable doors. The gourmet chef’s kitchen showcases a stone-countertop island, premium stainless steel appliances including 6 burner + cradle cooking station, upgraded cabinetry, and a side prep-kitchen with fridge, additional dishwasher and walk-in pantry. Designer finishes throughout give the home a custom, modern aesthetic. Additional upgrades include a wine room, an owned photovoltaic solar system with multiple backup batteries, surround sound, custom window treatments, upgraded lighting, garage built-ins with overhead storage and epoxy flooring, and so much more! Located in the desirable Summit gated community and served by the highly rated Double Peak K-8 School. San Elijo Hills is known for its coastal-close lifestyle, ocean and sunset views, and vibrant town center. Community amenities include top-ranking schools, ballparks, soccer fields, playgrounds, dog park, community center, 18 miles of trails, a 19-acre park, and 1,000 acres of open space—all just a short walk or drive away. SUPPLEMENT: * Mountain and community views * Gourmet dream kitchen with stone countertop island, chef’s stainless steel appliances and side prep kitchen with walk-in pantry *Upgraded kitchen cabinetry *Upgraded stackable door sliders in living room *Next-gen suite on the 1st floor plus 2nd floor primary bedroom *wine room *Custom shutters, drapes and paint throughout *Upgraded lighting fixtures throughout *Surround system in living room and bonus (wired in bonus) *Master suite includes spacious bath with separate tub and huge dual head shower + private deck *Upgraded master bath counters and tile work * Gorgeous backyard and front yard landscape * Spacious resort style spa and outdoor covered living space *Landscape lighting and outdoor cooking area with BBQ * Owned house solar system with back-up batteries *Garage built-ins, overhead racks and epoxy floor * and Much More! Refrigerators and wine fridge convey. Seller to select services. Room dimensions & sq footage are approximate, per builder & assessor/recorder's office.

Mortgage Calculator

Est. Monthly Payment

$18,314

Principal & Interest$14,462
Property Tax$2,860
Insurance$834
HOA$158
%($572,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,374
Monthly Cashflow

Rent − PITIA

$-10,940
Full Cashflow

Incl. vacancy, PM, maint, capex

$-15,019

Mortgage (P+I)
$14,462
Cap Rate
-0.23%
Cash-on-Cash
-31.51%
DSCR

Need ≥ 1.25 for DSCR loan

0.40
Break-even Rent
$26,879

NOI (Annual)
$-6,688
Price-to-Rent

Lower = better for investors

32.3

* 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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