1061 Skyline Drive
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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 |
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| Jun 23, 2025 | Listed | $6,995,000 | |
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Retreat to a private world of luxury and breathtaking ocean and whitewater views at this spectacular custom home in Laguna Beach. Welcome to 1061 Skyline Drive, an artfully reimagined residence tucked into the desirable Lower Mystic Hills enclave. Set against a stunning backdrop of unobstructed, 180-degree vistas stretching across the Pacific Ocean and Catalina Island, this exceptional 4-bedroom, 4-bathroom home offers over 3,300 square feet of elevated coastal living. Thoughtfully upgraded with timeless elegance, the home features a soft, neutral palette that compliments wide-plank hardwood flooring, vaulted ceilings, and expansive walls of glass that flood the interiors with natural light and perfectly frame the dramatic ocean views. The designer kitchen is both refined and functional, showcasing porcelain countertops, custom cabinetry, and premium Sub-Zero and Thermador appliances—ideal for both everyday living and stylish entertaining. Main living areas extend to ocean-facing view decks, where year-round sunsets and gentle coastal breezes set the tone for effortless indoor-outdoor living. The primary suite serves as a private sanctuary, complete with a fireplace, walk-in closets, a spa-inspired bath, and a secluded terrace with sweeping views. On the lower levels, three additional bedrooms accompany a secondary living area—perfectly suited as a home theater with a retractable cinema screen and high-resolution projector. These spaces open directly to a large entertaining deck and an oversized, landscaped backyard—offering privacy, versatility, and a beautiful setting for gatherings or quiet evenings under the stars. The home’s enviable location provides easy access to world-renowned beaches, scenic parks, and the acclaimed restaurants, cafés, galleries, and shops that define Laguna Beach living. Montage Resort and The Ranch at Laguna Beach are just minutes away. Award-winning public schools serve the community, and the vibrant village is only moments from your door. Imagine, for a moment, sharing a home of this caliber with the people you love. Now, make it yours.
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| Mar 28, 2025 | Listed | $7,295,000 | |
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Introducing 1061 Skyline Drive, a newly renovated modern retreat in the coveted Lower Mystic Hills, offering breathtaking 180-degree ocean and Catalina views. Within less than a mile from downtown Laguna Beach, this 4-bedroom, 4-bathroom home spans over 3,300 sq.ft., seamlessly blending luxury and sophistication. Designed with sleek, neutral tones throughout, the interiors showcase refined hardwood floors, soaring ceilings, and expansive glass windows and doors that flood the space with natural light, seamlessly blending indoor and outdoor living. The stunning chef's kitchen features porcelain countertops, Sub-Zero and Thermador stainless steel appliances, custom cabinetry, and a breakfast bar, perfect for hosting guests. Meanwhile, the living room and several outdoor balconies perfectly frame the head-on ocean views, offering a front-row seat to breathtaking, serene sunsets. On the top floor, the serene primary bedroom features bright, elegant finishes, dual vanities, a spacious walk-in closet, a cozy fireplace, and a private ocean-view deck—perfect for quiet relaxation. Meanwhile, the three additional bedrooms on the lower levels offer direct access to the expansive grassy backyard. Additional features include automated shades throughout, a dumbwaiter servicing all three levels, a high-resolution TV projector with a retractable screen, a 2-car garage, and more. With every luxury thoughtfully designed, this home truly has it all. Experience the soothing sound of crashing waves while enjoying the vibrant energy of Laguna’s shops, restaurants, and beaches, and right around the corner from top tier schools—making this an effortless, one-of-a-kind coastal retreat.
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| Jul 31, 2020 | Sold | ||
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| Oct 1, 2019 | No longer available | - | |
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| Sep 28, 2019 | Listed | $3,795,000 | |
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Luxurious, soft contemporary home featuring breathtaking, white-water coastline views with Catalina Island sunsets as a backdrop. Designed by the renowned architect, Chris Abel this open floor plan features high ceilings, light filled rooms and postcard worthy views of the waves breaking on Main Beach in the village downtown. This 3,331 square foot home was built by Vern Buwalda of Buwalda Construction with steel framing. The gourmet Siematic Kitchen with top of the line appliances opens to the dining room and family room, perfect for entertaining and enjoying the sea views. This property is situated on a perfect lot for a pool and spa with wonderful privacy. The media room includes surround sound system and electric black out shades wonderful for a theatre setting. Other features include gated entry, multiple decks, air conditioning, sound system throughout the house and decks, alarm system, dumb waiter and custom designed garage and driveway ideal for exotic sport cars. Prime location overlooking the village, this home is close to beaches, restaurants and art galleries. Live Laguna lifestyle within this beautiful space! The manager has listed the unit size as 3331 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017