$1,735,000
●
House -
Off Market
1048 Highland Drive
Del Mar, CA 92014
5 Beds
3 Baths,
1
Half Bath
3,612 Ft²
$3,252,228
RealtyHop Estimate
80.78%
Since May 1, 2015
National-US
Primary Model
About This Property
Stunning Craftsman completely remodeled w/ top of the line features
& amenities. On over 1/2 of a usable acre, and offering
beautiful and peaceful views, this home will not disappoint.
The main living area offers an open living room, dining area,
kitchen combination, which opens to an expansive patio deck.
Also, on the main level are the master suite, and 2 bedrooms
& bathrooms. Downstairs there are 2 more bedrooms, a bath,
and open family room, leading to the rear yard. Neighborhoods:
Marine View Gardens Architectural Style: Craftsman/Bungalow
View: Craftsman/Bungalow Equipment: Fire Sprinklers,Garage
Door Opener, Range/Oven, Shed(s) Other Fees: 0 Sewer: Septic
Installed Topography: GSL
Unit Size
3,612 Ft²
Days on Market
88 days
Land Size
0.51 acres
Price per sqft
$498
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #150000769)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 9, 2025 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by Compass | $3,095,000 | |
| Listed by Compass | |||
| | |||
|
Discover a stunning half-acre custom estate in rural Del Mar, a serene retreat with breathtaking views, vibrant gardens, and a detached bonus casita. This beautifully updated 5-bedroom, 3.5-bathroom home spans 3,510 square feet and features a bright great room with fireplace and french doors that open onto the outdoor viewing/dining patio, an expansive primary suite on the entry-level with outdoor access, a spacious downstairs family room, and a large view deck perfect for enjoying coastal sunsets. The detached 845 sq ft casita offers endless potential for your imagination. The lush backyard with wildflower gardens, dining arbor, and winding paths creates a peaceful outdoor sanctuary with room to relax and entertain. Practical features include a circular driveway and an attached 3-car garage. Located just minutes from Del Mar's beloved shops, cafes, and beaches, this property offers the perfect blend of tranquility and convenience.
| |||
| Apr 3, 2015 | Sold | ||
| Sold | |||
| Jan 5, 2015 | Listed by Coldwell Banker Res Brokerage | $1,799,000 | |
| Listed by Coldwell Banker Res Brokerage | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Solana Beach
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Listed by: Sherry Stewart, Coldwell Banker Res Brokerage
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 150000769
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 150000769
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