102 Monarch Bay Drive
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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 |
|---|---|---|---|
| Sep 6, 2018 | Sold | ||
| Sold | |||
| Jul 23, 2018 | Listed by The Agency | $3,500,000 | |
| Listed by The Agency | |||
| May 18, 2018 | Sold | ||
| Sold | |||
| Apr 22, 2018 | Listed by First Team Real Estate | $2,998,000 | |
| Listed by First Team Real Estate | |||
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Exquisite 4 bed, 4 bath mid-century modern home has over 3,500 sprawling square feet of single-level living space. It has been completely renovated and highly upgraded with impeccable attention to details that accentuate the sophisticated design elements. A flowing and open floor plan welcomes bright, natural light, and the spacious living areas are perfect for entertaining. Sizable front patio provides relaxing ocean views. Backyard sanctuary has meticulously maintained landscaping in a secluded setting, dedicated outdoor barbecue with a dining patio, and the artistically designed spa and pool area are accented by a magnificent pergola and cascading rock wall fountain. The massive kitchen island and top-flight appliances are ideal for the culinarily-driven. Master retreat offers a walk-in closet, spa tiling, separate bath, and shower/steam room. The second ensuite bedroom has its own entrance. There is a 2-car + golf cart garage with custom storage cabinets and epoxy flooring. The home is solar-powered, with no electric bills, and a paid off, transferable lease. As a resident of Monarch Bay, you will have access to the renowned, private Monarch Bay Club. This prestigious venue has a full bar, casual & fine dining, and is open 365 days a year. During the summer months, enjoy complimentary entertainment as well as towel, chair, and umbrella service. With all the amenities provided in both the home and community, 102 Monarch Bay is truly one of South County’s finest properties.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017