Introducing a rare new construction opportunity just 2 blocks from the sand in the heart of Carlsbad. Built in 2025, this exceptional multi-family property offers the perfect blend of luxury coastal living, plus strong income-producing potential. The front residence features a spacious 5-bedroom, 3-bathroom layout, currently operating as a fully functional Airbnb to offer an incredible short-term rental income opportunity or a stunning owner's retreat. The experience begins at the show-stopping entryway with its custom 10-foot solid wood pivot door, soaring 10-foot ceilings, and a striking floating staircase complete with integrated LED tread lighting and sleek glass railings. The architectural drama continues throughout every room, but the primary oversized fully enclosed shower will take your breath away. Designed for entertaining, the main level features a fully equipped wet bar with a dramatic waterfall-edge stone island, while premium LaCantina-style folding doors on the front patio and upper deck effortlessly blend the indoors with the out. To top it all off, the property showcases an incredible rooftop deck complete with panoramic ocean views, an outdoor kitchen, private hot tub and private beach access point. This opportunity also includes two income-generating units with long-term tenants in place. The detached 3 bedroom, 2 bath ADU has its own parking, plus a front and back yard. The JrADU is a 1 bedroom 1 bath with a private yard. The property offers top of the line finishes, modern construction, multiple revenue streams, and an unbeatable location.