7149 Obelisco Cir
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7149 Obelisco Cir

Dbottom 20%

Carlsbad, CA 92009Neighborhood: Rancho La Costa

$4,795,000
STR closed · outside Carlsbad's Coastal Zone

0 licensed short-term rentals within ½ mile (0 whole home), from the cities' license and permit lists of Nov 11, 2026.

Pass at asking: -$27,607/mo full cashflow at 20% down, 7.43% rate.

Works at $1,200,679 (75% under asking); even all cash loses money at asking.

Rent $11,976/mo from 9 leases of 5–7 bed houses within 2 mi ($10,903–$14,721).

Beds

6

Baths

6.5

Sqft

6,183

Year Built

2002

Days on Market

135

Property Type

Single Family

HOA/mo

N/A

MLS ID

260015752SD

This property is in Carlsbad (92009). View neighborhood stats →

Virtual Tour

About This Property

Perched above the iconic Omni La Costa Resort, this stunning custom-built coastal European villa is a rare masterpiece crafted from the ground up by its original owner with no detail overlooked. Sweeping panoramic ocean views stretch endlessly from the moment you arrive, setting the tone for this extraordinary 6-bedroom, 6.5-bath, 6,183 sq ft entertainer's dream on over half an acre of prime La Costa land. Soaring vaulted ceilings and walls of windows flood every room with breathtaking natural light, creating an airy, sun-drenched ambiance throughout. The expansive gourmet kitchen flows effortlessly into generous open-concept living and dining spaces — perfectly designed for both everyday living and lavish entertaining. Step outside to resort-caliber grounds where a spectacular pool with dramatic jumping rocks anchors a sprawling, fully usable yard with endless Pacific horizon views. A dedicated game room, four-car garage, and a sumptuous primary suite with panoramic ocean views complete this one-of-a-kind estate. Every corner of this home reflects the vision and craftsmanship of a true custom build — because that's exactly what it is. Located in the award-winning San Marcos Unified School District with La Costa Meadows Elementary just steps away, and minutes to world-class dining, golf, spas, and beaches. Welcome to the pinnacle of La Costa living!!

Mortgage Calculator

Est. Monthly Payment

$32,832

Principal & Interest$26,638
Property Tax$4,795
Insurance$1,399
%($959,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Costa Meadows Elementary · grades K-5 · San Marcos Unified

  • Middle

    San Elijo Middle · grades 6-8 · San Marcos Unified

  • High

    San Marcos High · grades 9-12 · San Marcos Unified

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

Short-term not available here. Outside Carlsbad's Coastal Zone, where short-term rentals are not allowed. See the rules

Investment Score

0D
Est. Monthly Rent
$11,976

9 leases of 5–7 bed houses within 2 mi · $10,903–$14,721

Monthly Cashflow

Rent − PITIA

-$20,856
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,607

What would make this work?

$27,607/mo short at 20% down; +$35,853/mo rent closes it.

Break-even price

75% under asking

$1,200,679
Break-even rent

$35,853/mo above the estimate

$47,829/mo
Cashflow at 35% down
−$22,612/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)
$26,638
Cap Rate
-0.09%
Cash-on-Cash
-34.54%
DSCR

Need ≥ 1.25 for DSCR loan

0.36

NOI (Annual)
-$4,434
Price-to-Rent

Lower = better for investors

33.4

* 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−$27,607/mo