658 Santa Fe Dr.
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658 Santa Fe Dr.

D

Encinitas, CA 92024

$2,950,000
NEW — 3d

Soft Appraisal Value: $2,784,600 · 5.9% above estimate

Beds

8

Baths

5

Sqft

3,960

Year Built

1989

Days on Market

3

Property Type

Single Family

HOA/mo

N/A

MLS ID

260013509SD

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

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About This Property

A rare coastal duplex that lives like two single-family homes, offering Peek-a-Boo ocean views in the heart of Encinitas. This exceptional side-by-side property features TWO spacious residences, each approximately 1,980 sq ft—larger than many single-family homes—offering 4 bedrooms and 2.5 bathrooms totaling to 3,960 sq ft with 8 bedroom, 5 bathrooms, 4 car garage situated on a approximately 10,000 sq ft of usable flat land. A versatile fourth bedroom with a private entrance and its own A/C mini-split is ideal for a home office, gym, guest suite, or in-law quarters. Fully renovated with stunning high-end finishes, including new roof, HVAC, windows, flooring, cabinetry, and countertops, the property delivers modern comfort and turnkey convenience. Each unit enjoys a large private backyard and a functional layout. Only the fourth bedroom/office, adjacent to the garage, shares one wall to ensure privacy. Situated minutes from Downtown Encinitas and Cardiff Town Center, on an expansive ~10,000 sq ft lot with 2-car garages for each unit plus additional parking for 6–7 vehicles or RV potential—an incredibly rare offering. Ideal for owner-users, investors, 1031 or short-term rental potential in a prime coastal location. No HOA!

Mortgage Calculator

Est. Monthly Payment

$18,727

Principal & Interest$14,917
Property Tax$2,950
Insurance$860
%($590,000)
%

Location

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Comparable Properties

1 comp found

This Property

$10,325

vs

Comp Average

$13,633

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

7D
Est. Monthly Rent
$10,325
Monthly Cashflow

Rent − PITIA

$-8,402
Full Cashflow

Incl. vacancy, PM, maint, capex

$-13,235

Mortgage (P+I)
$14,917
Cap Rate
0.68%
Cash-on-Cash
-26.92%
DSCR

Need ≥ 1.25 for DSCR loan

0.55
Break-even Rent
$27,513

NOI (Annual)
$20,183
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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