623 Quail Gardens Lane

623 Quail Gardens Lane

D

Encinitas, CA 92024

$9,950,000

Soft Appraisal Value: $9,208,400 · 8.1% above estimate

Beds

4

Baths

3

Sqft

2,770

Year Built

1960

Days on Market

53

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2601390

Description

Seldom-available 3.54-acre 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

$63,165

Principal & Interest$50,313
Property Tax$9,950
Insurance$2,902
%($1,990,000)
%

Investment Score

0D
Est. Monthly Rent
$7,991
Monthly Cashflow

Rent − PITIA

$-55,174
Full Cashflow

Incl. vacancy, PM, maint, capex

$-65,303

Mortgage (P+I)
$50,313
Cap Rate
-1.81%
Cash-on-Cash
-39.38%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.13
Break-even Rent
$92,800

NOI (Annual)
$-179,887
Price-to-Rent

Lower = better for investors

103.8

* 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.

Get Expert AnalysisOpen Full Calculator