869 Channel Island Drive
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869 Channel Island Drive

D

Encinitas, CA 92024

$4,150,000
NEW — 3d on market

Beds

5

Baths

4.5

Sqft

3,913

Year Built

2015

Days on Market

3

Property Type

Single Family

HOA/mo

$254

MLS ID

260008734SD

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

About This Property

This is coastal living done right, thoughtfully designed from the ground up with the kind of architectural detail that stops you at the curb and keeps you there. The New Zealand Hawaiian and coastal plantation-inspired exterior sets the tone: richly detailed, open, and built for the way people actually live on the coast. Inside, the open floorplan flows naturally from great room to kitchen to the outdoors through cascading walls of glass and a covered veranda that connects everything together. The kitchen features a stylish oversized island perfect for entertaining, with a wall of glass behind the sink that opens directly to the veranda. Fresh air, ocean breeze, and a cold drink at the outdoor bar, all within arm's reach. The primary bedroom suite is on the main level, a true retreat with a spa-inspired bath, walk-in shower, and a generous walk-in closet. Step outside directly from the bedroom onto the covered veranda and the indoor-outdoor connection is seamless. Also on the first floor: a guest en-suite, dedicated laundry, and an office or flex room tucked on the tandem side of the garage. Everything you need, all on one level. Upstairs, a large game and media room anchors the second floor and naturally splits the space. On one side, you have a private en-suite bedroom. On the other hand, two additional bedrooms that share a full bath. The game room opens onto a comfortable ocean-view deck. Owned solar. Square-corner walls with skip-trowel finish. Large-scale windows throughout. Every detail was considered. Outside the front door, you're minutes from world-class surf breaks and the beaches along the historic Highway 101, with modern shopping and dining just as close. It's the best of both worlds, the active, healthy coastal lifestyle without giving anything up. 1 Channel Island is one of Encinitas' premier communities, and this home is one of its finest.

Mortgage Calculator

Est. Monthly Payment

$26,599

Principal & Interest$20,985
Property Tax$4,150
Insurance$1,210
HOA$254
%($830,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$12,158
Monthly Cashflow

Rent − PITIA

$-14,441
Full Cashflow

Incl. vacancy, PM, maint, capex

$-20,695

Mortgage (P+I)
$20,985
Cap Rate
0.08%
Cash-on-Cash
-29.92%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.46
Break-even Rent
$39,035

NOI (Annual)
$3,472
Price-to-Rent

Lower = better for investors

28.4

* 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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