623 Quail Gardens Lane
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623 Quail Gardens Lane

D

Encinitas, CA 92024

$8,999,000

Soft Appraisal Value: $9,095,100 · 1.1% below estimate

Beds

4

Baths

3

Sqft

2,770

Year Built

1960

Days on Market

98

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601390

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

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About This Property

Seldom-available 3.54-acre expansive OCEAN VIEW property located approximately 2 miles from the famous Moonlight Beach (a short bike ride to the beach!), backing directly to Encinitas Ranch Golf Course. Offered for the first time in 40 years, this rare property combines size, serenity, and paradise-like privacy with mature landscaping on a re-imagined private street of custom homes in one of Encinitas’ most desirable areas. Currently configured as an equestrian haven with seven custom corrals and stalls, an 80×160 riding arena, and a well-equipped barn, plus RV and trailer carport parking. Two separate electronic gate entrances from private roads enhance privacy and security, while the expansive usable grounds offer flexible potential, including an option to make this a multi-family compound. *Bedroom count includes???????????????????????????????? ADU*

Mortgage Calculator

Est. Monthly Payment

$57,128

Principal & Interest$45,504
Property Tax$8,999
Insurance$2,625
%($1,799,800)
%

Location

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Investment Score

0D
Est. Monthly Rent
$8,238
Monthly Cashflow

Rent − PITIA

$-48,890
Full Cashflow

Incl. vacancy, PM, maint, capex

$-58,284

Mortgage (P+I)
$45,504
Cap Rate
-1.70%
Cash-on-Cash
-38.86%
DSCR

Need ≥ 1.25 for DSCR loan

0.14
Break-even Rent
$83,931

NOI (Annual)
$-153,359
Price-to-Rent

Lower = better for investors

91.0

* 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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