1 Beachcomber Drive
About This Property
Incredibly lovely two primary suite, two and one-half bath, tri-level home with over 2,400 square feet of living space set on a private hillside oriented to take advantage of the surrounding Ocean, Catalina Island, City, and stunning Horizon Views. This home makes a statement! It's renowned owner/artist has meticulously designed and filled it with colorful artwork and French provincial furnishings. Upon entering you will be transported to the South of France. The home is warm and welcoming while giving you privacy plus. This innovative period piece is found behind the walls of the prestigious Jasmine Creek resort community. Complete with a 24-hour staffed and gated security entry and located in the heart of famed Corona del Mar.
The entire home is a work of art and overlooks the serenity of canyon, neighbor, nature, Ocean and a myriad of horizon vistas. Both bedroom suites overlook the wide expanse of Ocean views. The designer fireplace highlights the great room where the living and dining rooms connect, all overlook the very private horizon. A French family kitchen and view retreat makes for spirited household gatherings. This home is dramatic while maintaining the French aura of welcome and love. This home is a must see for all buyers.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2025 | Sold | ||
| Sold | |||
| Jan 2, 2025 | In contract | - | |
| In contract | |||
| Jan 2, 2025 | Price Decreased |
$3,500,000
↓ $495K
(12.4%) | |
| Price Decreased | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Oct 1, 2024 | Listed by Wyrick & Associates Real Estate | $3,995,000 | |
| Listed by Wyrick & Associates Real Estate | |||
Property Highlights
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About Corona del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017