$4,872,000
●
House -
Off Market
498 Neptune
Encinitas, CA 92024
3 Beds
2 Baths
1,800 Ft²
$25,288
Est. Monthly
About This Property
Waiting for you in the coastal resort town of Encinitas is this
little bit of an Pacific ocean Paradise. Tastefully remodeled and
modernly elegant, this 3 bedroom, 2 bath 1800square foot oceanfront
home offers unfettered whitewater ocean views on one of the most
prestigious streets in North San Diego County. It's like a
permanent vacation when you step through the front door and
literally leave the world behind you. Whether you want to surf or
sip wine this property has what you have always dreamed of.
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This property is protected by a fully engineered, Coastal
Commission approved lower seawall and upper bluff retention system,
an amenity that cannot be duplicated ever again.
Unit Size
1,800 Ft²
Days on Market
66 days
Land Size
0.15 acres
Price per sqft
$2,861
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 5 months ago (SDMLS #NDP2602262)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| May 4, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Walter Bert Shaffer, Broker | $5,150,000 | |
| Listed by Walter Bert Shaffer, Broker | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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 Encinitas
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Listed by: Walter Shaffer, Walter Bert Shaffer, Broker
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NDP2602262
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NDP2602262
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