117 Monarch Bay
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2026 | Listed by Pacific Sotheby's Int'l Realty | $15,000,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Apr 4, 2021 | In contract | - | |
| In contract | |||
| Mar 4, 2021 | Listed | $8,250,000 | |
| Listed | |||
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Panoramic ocean-view resort-style living situated in one of the most coveted guard-gated beach communities in the country. 117 Monarch Bay is a fee simple, custom-built, single story, 3 bedroom, 3.5 baths, plus office, ocean-view estate fit for the most discerning buyer. Designed by world-renowned McClean Design, the custom home features an open floorplan with walls of glass doors and windows highlighting panoramic ocean views, white water at the headlands, and sunsets over Catalina Island. The Fleetwood double-pane glass windows and doors open the home to the immaculate ocean-view yard complete with reflection pool & fireplace for optimal indoor / outdoor beach resort living. The grandeur immediately sets the tone for this soft contemporary home built using the finest materials including imported Italian Nuvolato Gold limestone, African Bloodwood flooring, Italian Carrara marble in the bathrooms, gorgeous cherry cabinets and doors, and Brazilian Blue Eyes granite in the kitchen. The gourmet kitchen rivals that of any professional chefs with its Sub-Zero fridge & wine cooler, Thermador ovens, & Miele & Bosch dishwashers. Included with residency, The Monarch Bay Club offers a five-star restaurant, snack bar, expansive outside seating, & personal attendants. Conveniently located near five-star resorts including The Montage, Ritz Carlton, Waldorf Astoria and world-class golfing at the Monarch Beach Golf Links and Pelican Hill Golf Course. The manager has listed the unit size as 3500 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017