106 Del Cabo
About This Property
Nestled in the exclusive gated community of Del Cabo Estates, this exquisite ocean-view home epitomizes elegance, privacy, and tranquility, all enhanced by refreshing ocean breezes. Meticulously remodeled and impeccably maintained, this stunning residence features four bedrooms plus an office, showcasing exceptional design elements in every space. Revel in the warmth and beauty of captivating vistas of the ocean, rolling hills, sunrises, and twinkling city lights.
Upon entering, you are greeted by a grand two-story foyer. The breathtaking dining room, adorned with walls of windows, offers panoramic views, while the spacious living room boasts soaring ceilings that elevate the ambiance. The newly remodeled gourmet kitchen serves as the heart of the home, complete with a central island, quartz slab countertops, farmhouse sink, and high-end stainless steel appliances. The adjacent family room is a cozy retreat featuring a fireplace, exposed wood beams, and stylish tongue-and-groove ceiling panels.
The main floor includes a versatile office equipped with custom-built desk and bar/cabinets, which could also serve as a fifth bedroom. A fully remodeled bathroom and laundry room enhance the convenience of the lower level.
The master suite is a true sanctuary, featuring a romantic fireplace, dual walk-in closets, and a custom deck that invites you to savor ocean and city light views. The luxurious master bath is adorned with warm stone accents, a relaxing soaking tub, and a walk-in shower offering breathtaking ocean vistas. Three additional bedrooms and a beautifully remodeled bath complete the upper level.
Additional highlights of this exceptional home include Provenza hardwood flooring, newer Anderson windows, owned solar panels, motorized window coverings, a wrought iron staircase with Spanish tile accents, upgraded lighting throughout, a tankless water heater, and a water softener/filtration system.
The front exterior boasts lush landscaping, newer paver stone hardscape, and a secure gated courtyard. The backyard is a true oasis, featuring a covered patio with a gas fireplace, creating a serene and indulgent atmosphere. Enjoy al fresco dining while taking in the stunning views!
Welcome Home!
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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%.
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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 3, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2024 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Listed by Re/Max Coastal Homes | $1,999,000 | |
| Listed by Re/Max Coastal Homes | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017