Great 1031 Exchange Opportunity! Whether you're seeking a high-performing investment property or the ultimate coastal vacation home, this exceptional new construction offers the best of both worlds. Live or vacation in the stunning front residence while generating significant rental income from the two additional units, or maximize returns with short-term rental opportunities. Discover a rare new construction opportunity just two blocks from the beach in the heart of Carlsbad. Built in 2025, this exceptional multi-family property blends modern coastal luxury with outstanding income potential, making it ideal for investors or owner-occupants. The main residence is a beautifully designed 5-bedroom, 3-bath home currently operating as a successful Airbnb. A custom 10-foot solid wood pivot door opens to soaring 10-foot ceilings, a striking floating staircase with LED-lit treads and glass railings, and thoughtfully designed living spaces throughout. The spa-inspired primary suite features an oversized fully enclosed shower, while the main level offers a stylish wet bar with a waterfall-edge island and LaCantina-style folding doors that create seamless indoor-outdoor living. The rooftop deck is an entertainer's dream, complete with panoramic ocean views, an outdoor kitchen, private hot tub, and private beach access. The property also includes two fully leased income-producing units. The detached 3-bedroom, 2-bath ADU features dedicated parking and private front and back yards, while the 1-bedroom, 1-bath Jr. ADU includes its own private yard.