26
Map
$1,077,900
●
House -
In Contract
171 Mellano Way
Oceanside, CA 92057
4 Beds
3 Baths,
1
Half Bath
2,928 Ft²
$5,653
Est. Monthly
$360
HOA / Fees
About This Property
With desirable features including a three-bay tandem garage and
office, this new two-story home is ready for modern lifestyles. The
office is located off the entry, leading to an open-concept
floorplan with convenient access to the California Room for outdoor
entertainment and leisure. The luxe owner's suite is nestled into a
private rear corner, complete with a spa-inspired bathroom. Three
additional bedrooms make up the second level. Magnolia is a new
collection offering new and spacious two-story homes for sale at
the North River Farms masterplan. Select plans feature a Next Gen®
suite with a separate entrance, bedroom, bathroom, living space,
kitchenette and laundry room. Residents will have access to
fantastic onsite amenities including swimming pools, a fitness
room, pickleball courts and much more. There are ample
opportunities for local entertainment, including restaurants, golf
courses, wineries, the beach and more.
Unit Size
2,928 Ft²
Days on Market
-
Land Size
-
Price per sqft
$368
Property Type
House
Property Taxes
-
HOA Dues
$360
Year Built
-
Listed By
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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: 3 months ago (SDMLS #260018643SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2026 | In contract | - | |
| In contract | |||
| Jul 28, 2026 | Listed by Mark Schultz Broker | $1,077,900 | |
| Listed by Mark Schultz Broker | |||
Property Highlights
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: BedroomOnMainLevel
Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator, ElectricCooking
Laundry Features: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Exterior Details
Square Footage: 2928
Year Built: 2026
Levels: Two
Construction Materials: Stucco
Pool Features: Community
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Amenities: Other
HOA Fee: $360
HOA Fee Frequency: Monthly
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 Morro Hills
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Listed by: Mark Schultz, Mark Schultz Broker
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 260018643SD
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 260018643SD
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