939 Pearl Drive
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939 Pearl Drive

D

San Marcos, CA 92078

$4,200,000
NEW — 6d

Soft Appraisal Value: $3,992,900 · 5.2% above estimate

Beds

5

Baths

5.5

Sqft

6,365

Year Built

2008

Days on Market

6

Property Type

Single Family

HOA/mo

$191

MLS ID

NDP2604690

This property is in San Marcos (92078). View neighborhood stats →

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About This Property

Perched atop one of the most coveted view lots in the gated Estates of San Elijo Hills, this iconic custom luxury home presents a rare opportunity to own one of North County San Diego’s most extraordinary estates. Sweeping panoramic ocean views stretch from the Pacific Ocean and Catalina Island on clear days to downtown San Diego and Mexico, complemented by breathtaking sunrises, unforgettable sunsets, sparkling city lights, and remarkable privacy. Extensively upgraded and thoughtfully expanded, this exceptional San Elijo Hills estate sits on over 1/2 acre lot and offers 5 bedrooms, 5.5 bathrooms, including dual primary suites, and a custom residential elevator - an exceptionally rare feature that enhances accessibility and creates ideal flexibility for multigenerational living, guests, and long-term lifestyle needs. Designed for both everyday comfort and grand-scale entertaining, the open-concept floor plan showcases rich wood flooring, custom iron doors and gates, Cantina-style doors, and expansive windows that frame the home’s spectacular coastal and city views. The chef’s kitchen features professional-grade appliances, including a 6-burner range with griddle, dual dishwashers, dual wall ovens, custom cabinetry, and a designer mosaic backsplash. The upstairs primary suite serves as a private retreat with a spa-inspired bathroom featuring a freestanding soaking tub, oversized walk-in shower, custom closet systems, and access to a view deck. A separate expansive loft with a kitchenette and wet bar offers exceptional flexibility as a media room, game room, teen lounge, or bonus living space. The main-level primary suite offers direct backyard access and a beautifully remodeled bathroom with a spacious roll-in shower, while the second primary bedroom is located on the second floor and showcases incredible coastal views. Resort-style outdoor living includes a heated saltwater pool and spa with Baja shelf and water features, a covered outdoor kitchen and BBQ area, multiple panoramic view decks with frameless glass railings, two fire pits positioned to maximize the views, and professionally designed landscaping that creates an unforgettable private setting for entertaining and relaxation. Energy-efficient and smart-home upgrades include owned solar, two Tesla Powerwall backup batteries, two EV charging stations, newer HVAC systems, a Navien tankless water heater, Halo whole-house water filtration system, dual laundry rooms, and custom power blinds. Located in the prestigious gated Estates of San Elijo Hills, 939 Pearl Drive offers luxury living, unmatched versatility, and some of the most breathtaking panoramic ocean and city views in all of San Diego County. Live the Southern California Coastal Lifestyle! Located near top-rated Double Peak School and within walking distance to ballparks, soccer fields, picnic areas, playgrounds, dog park, and community center. Enjoy nearby shops and eateries, plus 18 miles of trails, a 19-acre park, and 1,000 acres of open space. Seller to select services. Room dimensions and square footage are approximate, per builder and assessor records. Mello-Roos is estimated. All MLS and marketing information is deemed reliable but not guaranteed.

Mortgage Calculator

Est. Monthly Payment

$26,853

Principal & Interest$21,237
Property Tax$4,200
Insurance$1,225
HOA$191
%($840,000)
%

Location

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Investment Score

0D
Est. Monthly Rent
$7,344
Monthly Cashflow

Rent − PITIA

$-19,509
Full Cashflow

Incl. vacancy, PM, maint, capex

$-24,699

Mortgage (P+I)
$21,237
Cap Rate
-0.99%
Cash-on-Cash
-35.28%
DSCR

Need ≥ 1.25 for DSCR loan

0.27
Break-even Rent
$39,420

NOI (Annual)
$-41,533
Price-to-Rent

Lower = better for investors

47.7

* 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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