824 Conestoga Ct Lot 3
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824 Conestoga Ct Lot 3

Ctop 80%

Encinitas, CA 92024Neighborhood: Old Encinitas

$4,295,000
NEW — 0d
STR: check · HOA rules unknown · TOT 10%

40 licensed short-term rentals within ½ mile (34 whole home), from the cities' license and permit lists of Nov 6, 2026.

HOA rules unknown: an HOA can ban stays under 30 days (Civ. Code §4741), and no permit on file shows this one allows them. Get the CC&Rs.

Pass at asking: -$18,564/mo full cashflow at 20% down, 7.43% rate.

Works at $1,877,953 (56% under asking), or at 83% down.

Rent $19,149/mo from 11 leases of 4-bed houses within 2 mi ($13,458–$23,248).

Beds

4

Baths

4.5

Sqft

4,641

Year Built

2026

Days on Market

0

Property Type

Single Family

HOA/mo

$321

MLS ID

260026391SD

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

About This Property

Brand-new, move-in-ready luxury living less than two miles from the beach in Encinitas. Set on a premier cul-de-sac lot within Ocean Knoll, this exceptional residence offers sweeping ocean views, one of the largest and most usable backyards in the community, and beautifully designed indoor-outdoor living spaces. Thoughtfully designed by FIXE Design House, the home showcases an exceptional collection of custom finishes and premium upgrades, with professionally landscaped outdoor spaces ready to enjoy from day one. Expansive living spaces, designer lighting, custom millwork, and a striking fireplace wall create a sophisticated and welcoming interior. The chef's kitchen features custom cabinetry, honed Carrara marble countertops, handcrafted zellige tile, a custom plaster hood, and a premium Fisher & Paykel appliance package with a 48-inch professional range and integrated paneled appliances. A built-in bar and expansive Andersen doors opening to the oversized backyard, with room for pool and outdoor kitchen, further elevate the home's effortless indoor-outdoor living. The thoughtfully designed floor plan includes a first-floor guest suite with full bath and an inviting interior California Room accessed through French doors. Upstairs, the ocean-view primary retreat features a private sitting room, spa-inspired bath, oversized walk-in closet, and direct laundry room access. Two additional oversized bedrooms, two full baths, a dedicated office, and a spacious loft opening to a private ocean-view deck complete the upper level. Additional highlights include owned solar, Tesla battery backup, high-efficiency HVAC, upgraded audio-visual features, and smart security systems. Ideally located in coastal Encinitas, Ocean Knoll offers the rare opportunity to enjoy brand-new luxury construction with designer-curated interiors, exceptional craftsmanship, and immediate move-in readiness, just minutes from beaches, shopping, dining, and everything that makes Encinitas so desirable.

Mortgage Calculator

Est. Monthly Payment

$29,729

Principal & Interest$23,861
Property Tax$4,295
Insurance$1,253
HOA$321
%($859,000)
%
Loan Term

Location

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Investment Score

17C
Est. Monthly Rent
$19,149

11 leases of 4-bed houses within 2 mi · $13,458–$23,248

Monthly Cashflow

Rent − PITIA

-$10,581
Full Cashflow

Incl. vacancy, PM, maint, capex

-$18,564

What would make this work?

$18,564/mo short at 20% down; 83% down or +$24,109/mo rent closes it.

Break-even price

56% under asking

$1,877,953
Break-even rent

$24,109/mo above the estimate

$43,258/mo
Cashflow at 35% down
−$14,090/mo
Down payment to break even

$3,564,850 cash

83%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$23,861
Cap Rate
1.75%
Cash-on-Cash
-25.93%
DSCR

Need ≥ 1.25 for DSCR loan

0.64

NOI (Annual)
$75,048
Price-to-Rent

Lower = better for investors

18.7

* 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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CCashflow−$18,564/mo