587 Gateway Lane
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587 Gateway Lane

D

San Marcos, CA 92078

$1,799,000
NEW — 1d on market

Beds

5

Baths

4.5

Sqft

3,453

Year Built

2022

Days on Market

1

Property Type

Single Family

HOA/mo

$220

MLS ID

NDP2603655

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

Virtual Tour

About This Property

Magazine-Worthy Living Meets Multi-Gen Flexibility in Gated Mission Circle! Step into a home that feels straight out of a design magazine—where every inch has been thoughtfully designed and every detail intentionally elevated. Located in the gated Parkside at Mission Circle community, this stunning residence blends modern sophistication with warm, coastal Mediterranean-inspired style. From the moment you enter, you’ll notice the layered textures, custom finishes, and beautifully curated “moment spaces” throughout—perfect for morning coffee, quiet reading, or evening cocktails. The expansive kitchen is both functional and striking, featuring quartz countertops, a walk-in pantry, designer touches, and a statement stove surround that anchors the space while overlooking a custom-built fireplace and mantle. Decorative ceiling beams add warmth and architectural interest, creating a seamless flow for everyday living and entertaining. One of the home’s most exceptional features is the private Next Gen suite—a fully self-contained one-bedroom apartment complete with its own entrance, living room, full bathroom, kitchenette (with refrigerator, sink, and microwave), and separate laundry hookups. Ideal for multigenerational living, long-term guests, older children, or potential rental income, this space offers flexibility that is incredibly rare. Upstairs, the primary suite is a true retreat—offering dual oversized walk-in closets and a spa-inspired bathroom designed for both beauty and relaxation. Enjoy a deep soaking tub, separate shower, and a serene, light-filled atmosphere that feels more like a luxury hotel than a typical home. A spacious upstairs bonus area provides the perfect flex space for a media room, game room, office, or additional lounge—adapting effortlessly to your lifestyle. The large upstairs laundry room adds everyday convenience exactly where you need it. Step outside to a beautifully designed backyard retreat featuring a covered California room, thoughtfully curated landscaping, and mature olive trees that bring both privacy and charm. Whether hosting gatherings or enjoying a quiet evening outdoors, this space offers a peaceful, elevated setting. Even the smallest details have been considered—from a custom under-stair closet to intentional design elements throughout—making this home truly one of a kind. Additional highlights include paid solar with a partial home backup battery under NEM 2.0, offering enhanced energy efficiency, lower utility costs, and added peace of mind during outages. Beyond the home itself, the community offers a true neighborhood feel—where neighbors connect, kids play, and traditions like food truck Fridays, holiday bike parades, and festive Halloween celebrations bring everyone together.

Mortgage Calculator

Est. Monthly Payment

$11,640

Principal & Interest$9,097
Property Tax$1,799
Insurance$525
HOA$220
%($359,800)
%

Location

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Investment Score

2D
Est. Monthly Rent
$6,297
Monthly Cashflow

Rent − PITIA

$-5,344
Full Cashflow

Incl. vacancy, PM, maint, capex

$-8,291

Mortgage (P+I)
$9,097
Cap Rate
0.54%
Cash-on-Cash
-27.65%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.54
Break-even Rent
$17,065

NOI (Annual)
$9,666
Price-to-Rent

Lower = better for investors

23.8

* 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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