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1160 Morningside 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 |
|---|---|---|---|
| Mar 18, 2025 | Listed | $6,250,000 | |
| Listed | |||
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Nestled on 3 secluded acres, this exceptional coastal hideaway offers stunning ocean views and unparalleled serenity. Built on 32 caissons for enduring strength, this masterpiece welcomes you with soaring ceilings, an open floor plan, and an abundance of natural light, creating an inviting atmosphere throughout. The home features over 1,000 square feet of deck space, with wraparound decks on every floor—perfect for enjoying the breathtaking views of the Pacific and beyond. With 5 spacious bedrooms plus an office and 4 beautifully renovated baths, this home combines comfort and elegance. A dedicated home office with ocean views provides the perfect space for remote work or relaxation. Every detail of this home has been thoughtfully designed with modern luxury in mind, from top-of-the-line appliances, including a Viking Tuscany oven in the chef’s kitchen, to stunning finishes throughout. The design continues to impress with 12-inch plank wood flooring throughout, stunning tile in the baths, and a renovated fireplace that serves as the centerpiece of the living area, along with a wall of windows showcasing the view. The true primary retreat boasts a newly remodeled, spa-like bath. For ultimate comfort, the home is equipped with three furnaces and two separate 4-ton air conditioners to ensure the perfect temperature year-round. Additionally, the home features an EV charger for added convenience. Just moments from Laguna Beach’s finest dining, shopping, and renowned coastline, this residence seamlessly blends privacy, luxury, and coastal charm.
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| May 16, 2019 | Sold | ||
| Sold | |||
| Jul 9, 2018 | Listed by Pinpoint Properties | $2,895,000 | |
| Listed by Pinpoint Properties | |||
| Jul 9, 2017 | Listed | $2,949,000 | |
| Listed | |||
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Offered on the market for the first time ever, 1160 Morningside Drive presents a unique opportunity to obtain a generous home set on more than three peaceful ocean view acres. Rarely in Laguna Beach is such a property available – set on acres of beautiful open space, the home of approximately 4200 square feet includes tremendous outdoor decks, soaring windows, two great rooms with volume ceilings, and two massive master suites with one on the main level. The floorplan is very adaptable for a variety of living situations with an additional secondary bedroom and an office (easily converted to a fourth bedroom). Though set on a hillside, the home is only two levels, the walk-up has just a few stairs, and the driveway is a gentle slope. Yet, the property is a short distance to beaches and the village. Constructed by the owner for his family approximately 20 years ago, the care and quality are apparent. 1160 Morningside is a special property never before available for purchase. The manager has listed the unit size as 4219 square feet.
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About Rancho Laguna
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017