534 Shanas

534 Shanas

D

Encinitas, CA 92024

$2,199,000
NEW — 3d on market

Beds

4

Baths

3

Sqft

2,558

Year Built

1981

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260007779SD

Description

No HOA! Rare Encinitas Opportunity on an Expansive 13,000 Sq Ft Corner Lot with a High-End Custom Backyard and Detached Studio Tucked away on a prime lot, this fully renovated home offers exceptional privacy and a true indoor-outdoor lifestyle. The high-end custom backyard features over $300,000 in improvements, including a custom paver patio and driveway, built-in BBQ island with natural gas fire feature, outdoor kitchen, additional firepit, and a sunken heated Calspa swim spa with resistance jets surrounded by Trex decking. Additional highlights include owned solar with battery backup, aluminum pergola, custom stone retaining wall, new irrigation, professional landscape lighting and drainage, grass areas, and drought-tolerant landscaping with mature trees. A fully insulated detached studio with AC/heat adds flexible space for a gym, office, or creative use. Inside features LVP flooring throughout, XL baseboards, new doors and trim, and a dramatic staircase with vaulted ceilings in the family and dining areas. The eat-in kitchen includes new cabinetry, premium Bosch appliances, wine cooler, and bar area. A gas-burning fireplace, main-level bedroom and bath, vinyl windows, and Anderson French doors enhance flow. Hunter Douglas shutters and blinds throughout. Upstairs offers a spacious primary suite with vaulted ceilings, soaking tub, oversized shower, dual vanities, and walk-in closet. Three-car garage with new tracks/motors, epoxy floors, whole house water filtration system, and 240V EV charger. Top rated schools and walking distance to Flora Vista Elementary. A rare opportunity to own a fully dialed, move-in ready home in one of Encinitas’ most desirable neighborhoods where privacy, lot size, and quality upgrades rarely align. Super convenient access to shopping, grocery stores, coffee shops, bars, and top rated restaurants

Mortgage Calculator

Est. Monthly Payment

$13,960

Principal & Interest$11,119
Property Tax$2,199
Insurance$641
%($439,800)
%

Investment Score

2D
Est. Monthly Rent
$7,553
Monthly Cashflow

Rent − PITIA

$-6,406
Full Cashflow

Incl. vacancy, PM, maint, capex

$-9,976

Mortgage (P+I)
$11,119
Cap Rate
0.62%
Cash-on-Cash
-27.22%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$20,509

NOI (Annual)
$13,720
Price-to-Rent

Lower = better for investors

24.3

* 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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