12 Corniche Drive #E
About This Property
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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 |
|---|---|---|---|
| Oct 6, 2022 | No longer available | - | |
| No longer available | |||
| Sep 3, 2022 | Listed by Signature Real Estate Group | $650,000 | |
| Listed by Signature Real Estate Group | |||
| | |||
|
Shhh! Don't tell anyone that there is affordable real estate in Ritz Pointe! Ocean breezes and sunlight flood this fully renovated beach condo unit in the prestigious gate-guarded community. With just a 1 mile scenic walk down the path to Salt Creek Beach and a panoramic ocean view spa, this is the perfect getaway! Inside, you'll find crisp white paint, six-inch baseboards, cathedral ceilings, and luxury vinyl plank flooring. The fireplace now has a quartz stone facing and hearth. The pony wall was removed to open up the unit. New door casings and a stand-up shower in the bathroom modernize this condo. There are Plantation shutters throughout, along with new vinyl windows. A clean, white kitchen completes the interior with quartz countertops, a subway tile backsplash, & stainless steel appliances. They expanded the already spacious bedroom to allow extra light from the skylight, with a sliding glass door to your private patio and the laundry room. There is a walk-in closet in the bedroom as well. The way this unit is situated along the corridor, it gets breezes from the ocean and ample sunlight that many other units do not. New AC unit! A fabulous clubhouse, workout gym, beautiful pool & spa area with modern resort-style furniture, and two other spa locations are among the amenities. The panoramic ocean view spa area is STUNNING! Watch four different fireworks displays there on the 4th! Stroll through the easement through Monarch Beach Golf Course and multi-million dollar homes to the ocean. The HOA is continuously improving our "little secret." The manager has listed the unit size as 735 square feet.
| |||
| Jul 9, 2018 | Sold | ||
| Sold | |||
| Apr 19, 2018 | Listed by First Team Real Estate | $439,000 | |
| Listed by First Team Real Estate | |||
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