623 Quail Gardens Lane
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623 Quail Gardens Lane

Dbottom 20%

Encinitas, CA 92024Neighborhood: Leucadia

$7,950,000
NEW — 0d
STR-eligible · Encinitas, 3-night minimum · TOT 10%

7 licensed short-term rentals within ½ mile (4 whole home), from the cities' license and permit lists of Nov 6, 2026.

Pass at asking: -$53,865/mo full cashflow at 20% down, 7.43% rate.

Works at $936,709 (88% under asking); even all cash loses money at asking.

Rent $9,343/mo from 11 leases of 3–5 bed houses within 1 mi ($7,400–$9,792).

Beds

4

Baths

3

Sqft

2,770

Year Built

1960

Days on Market

0

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2610049

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

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About This Property

AN EXTRAORDINARY COASTAL OPPORTUNITY — 3.54 ACRES WITH OCEAN VIEWS AND GOLF COURSE FRONTAGE! Opportunities featuring this level of privacy and seclusion near the Southern California coastline are exceptionally rare. Discover 3.54 acres of remarkable possibilities in the heart of Encinitas, with ocean views and a setting bordering Encinitas Ranch Golf Course (488' of western golf course frontage). Approximately two miles from Moonlight Beach, this distinctive property combines location, acreage, privacy, and exciting development potential. IMAGINE THE POSSIBILITIES! Create a spectacular private coastal estate, a multigenerational family compound, or explore the potential for multiple luxury residences. With approximately 154,202 square feet of land, two separate gated entrances, mature landscaping, and an exceptional golf course setting, the opportunity to create something truly special is compelling.The property may offer the potential for three separate parcels. No subdivision or additional parcels have been approved; interested buyers should independently investigate feasibility and verify all necessary approvals. The seller is currently pursuing subdivision of a 1-acre parcel from the total 3.54 acres, with water, a water meter, and power reported available on site for the proposed parcel. If approved and completed, the remaining approximately 2.54 acres may offer additional development opportunities. Currently enjoyed as a private equestrian retreat, the property features a residence, seven custom corrals and stalls, an 80-by-160-foot riding arena, a barn, and generous space for RV and trailer parking. LOCATION. ACREAGE. OCEAN VIEWS. GOLF COURSE FRONTAGE. DEVELOPMENT POTENTIAL. Finding all five together this close to the beach is truly extraordinary. Minutes from beautiful beaches, restaurants, shopping, golf, and everything that makes coastal Encinitas so desirable. Now offered at $7,950,000 — an exceptional opportunity to secure a remarkable piece of coastal Southern California real estate. Entire 3.54 acres offered for sale. Parcel boundaries shown in marketing materials are illustrative. No subdivision or additional building sites are approved. Buyers should independently verify zoning, utilities, parcel configurations, development feasibility, and all required permits and approvals.

Mortgage Calculator

Est. Monthly Payment

$54,434

Principal & Interest$44,166
Property Tax$7,950
Insurance$2,319
%($1,590,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Capri Elementary · grades K-6 · Encinitas Union Elementary

  • Middle

    Diegueno Middle · grades 7-8 · San Dieguito Union High

  • High

    La Costa Canyon High · grades 9-12 · San Dieguito Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$9,343

11 leases of 3–5 bed houses within 1 mi · $7,400–$9,792

Monthly Cashflow

Rent − PITIA

-$45,092
Full Cashflow

Incl. vacancy, PM, maint, capex

-$53,865

What would make this work?

$53,865/mo short at 20% down; +$69,955/mo rent closes it.

Break-even price

88% under asking

$936,709
Break-even rent

$69,955/mo above the estimate

$79,298/mo
Cashflow at 35% down
−$45,584/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$44,166
Cap Rate
-1.39%
Cash-on-Cash
-40.65%
DSCR

Need ≥ 1.25 for DSCR loan

0.17

NOI (Annual)
-$110,793
Price-to-Rent

Lower = better for investors

70.9

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$53,865/mo