853 America Way
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853 America Way

C

Del Mar, CA 92014

$999,000

Soft Appraisal Value: $986,800 · 1.2% above estimate

Beds

2

Baths

1.5

Sqft

1,208

Year Built

1985

Days on Market

47

Property Type

Condo

HOA/mo

$773

MLS ID

NDP2604971

This property is in Del Mar (92014). View neighborhood stats →

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About This Property

Experience the best of the Del Mar coastal lifestyle in this beautifully upgraded townhome, ideally located in the highly sought-after Spindrift community. From your front door, stroll along a sandy back path to Flower Hill Promenade, where you'll find Whole Foods, restaurants, boutiques, yoga and pilates studios. The iconic Del Mar Racetrack is just one block away, while Del Mar's beaches, Dog Beach, Powerhouse Park, Jake's Del Mar, downtown restaurants and beach volleyball are all within minutes. Designed for easy beach living, the home includes an oversized 1.5-car garage with plenty of room for surfboards, e-bikes, beach gear, and extra storage. Inside, hardwood floors and abundant natural light create a bright, inviting open-concept living and dining area anchored by a cozy fireplace. The remodeled kitchen features custom soft-close cabinetry, quartz countertops, a marble tile backsplash, stainless steel appliances, accent lighting, and a built-in wine rack. A large sliding glass door opens to a private deck overlooking the San Dieguito River, where you can enjoy peaceful water views, cool coastal breezes, all while barbecuing after a beach day. Upstairs, you'll find two spacious bedrooms, including a generous primary suite with an updated bathroom featuring quartz countertops, custom cabinetry, and a deep soaking tub. Both bedrooms include ClosetMaid custom closet organizers and additional upgrades throughout the home include custom window coverings, dual-pane windows, central air conditioning and heat, copper piping, Nest thermostat, an interior laundry room with extra storage, epoxy garage flooring, and an additional parking space. Spindrift is known for its lush, park-like setting with expansive greenbelts, multiple pools and spas, and ocean-view common areas. The HOA covers water, trash, exterior maintenance including the roof and deck, and beautifully maintained landscaping. Located within the award-winning Solana Beach School District, including Skyline Elementary, Earl Warren Middle School and Torrey Pines High School, this move-in ready home offers one of Del Mar's most convenient and desirable locations. Whether you're looking for a full-time residence, second home, or lock-and-leave coastal retreat, this is an exceptional opportunity to enjoy the very best of beach living. **Seller is offering a one-year interest rate buydown with an accepted offer.**

Mortgage Calculator

Est. Monthly Payment

$7,115

Principal & Interest$5,051
Property Tax$999
Insurance$291
HOA$773
%($199,800)
%

Location

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Investment Score

19D
Est. Monthly Rent
$4,898
Monthly Cashflow

Rent − PITIA

$-2,216
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,176

Mortgage (P+I)
$5,051
Cap Rate
1.05%
Cash-on-Cash
-25.08%
DSCR

Need ≥ 1.25 for DSCR loan

0.69
Break-even Rent
$10,321

NOI (Annual)
$10,512
Price-to-Rent

Lower = better for investors

17.0

* 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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