12 Corniche Drive #A
About This Property
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jan 27, 2021 | In contract | - | |
| In contract | |||
| Jan 21, 2021 | Listed | $489,900 | |
| Listed | |||
| | |||
|
Shhh! Don't tell anyone that there is affordable real estate in Ritz Pointe! Ocean breezes and sunlight flood this ground level recently updated beach condo unit in the prestigious gate-guarded community. With just a 1 mile scenic walk down the walking path to Salt Creek Beach and a panoramic ocean view spa, this is the perfect getaway! Inside you'll find crisp, white paint, 5.5-inch baseboards, and luxury vinyl plank flooring. The fireplace has been updated with a stone facade. The pony wall has been removed to open up the unit. New door casings and an updated bathroom remodel modernize this condo. Plantation shutters throughout. A clean, white kitchen completes the interior with quartz countertops and a large ceramic sink. The master bedroom is spacious with a sliding glass door to your private patio and the laundry room. There is a huge walk-in closet with a shelving unit installed floor to ceiling. The way this unit is situated along the corridor, it gets breezes from the ocean and ample sunlight that many other units do not. A great clubhouse, workout gym, beautiful pool & spa area with modern resort-style furniture, along with 2 other spa locations are among the amenities here. The panoramic ocean view spa area is absolutely STUNNING! Watch 4 different firework displays there on the 4th! Walk through your easement through Monarch Beach Golf Course and multi-million dollar homes to the ocean. The HOA is always improving our little secret. Shhh. The manager has listed the unit size as 800 square feet.
| |||
| May 30, 2019 | Sold | ||
| Sold | |||
| Apr 9, 2019 | Listed by Pacific Sotheby's International Realty | $425,000 | |
| Listed by Pacific Sotheby's International Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/16/2024
|
1 Bed
|
1 Bath
|
735 ft²
|
$724,900
1 Bed
1 Bath
735 ft²
|
$650,000
-10.33%
12/20/2024
|
Lynne SanPedro
Wise Choices Realty
| |
|
09/03/2022
|
1 Bed
|
1 Bath
|
735 ft²
|
$650,000
1 Bed
1 Bath
735 ft²
|
-
-
|
Adam Nelson
Signature Real Estate Group
| |
|
01/21/2021
|
1 Bed
|
1 Bath
|
800 ft²
|
$489,900
1 Bed
1 Bath
800 ft²
|
-
-
|
-
| |
|
04/09/2019
|
1 Bed
|
1 Bath
|
800 ft²
|
$425,000
1 Bed
1 Bath
800 ft²
|
$415,000
-2.35%
05/30/2019
|
John Rennie
Pacific Sotheby's International Realty
| |
|
06/11/2018
| |
1 Bed
|
1 Bath
|
735 ft²
|
-
1 Bed
1 Bath
735 ft²
|
-
-
|
-
|
|
04/19/2018
|
1 Bed
|
1 Bath
|
735 ft²
|
$439,000
1 Bed
1 Bath
735 ft²
|
$425,000
-3.19%
07/09/2018
|
Katarina Kuczera
First Team Real Estate
| |
|
01/23/2018
|
1 Bed
|
1 Bath
|
735 ft²
|
$439,000
1 Bed
1 Bath
735 ft²
|
$427,000
-2.73%
03/22/2018
|
Matthew Shinn
A+ Realty
|
Building Info
About Dana Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017