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12 Skyridge
About This Property
A dramatic 34-foot foyer with a sweeping staircase introduces the home's grandeur. Marble and walnut floors flow through elegant living spaces, including a formal dining room, butler's kitchen, and a chef's kitchen outfitted with Viking appliances, Sub-Zero refrigeration, and rich walnut cabinetry. A marble-topped bar and view-facing breakfast nook complete the culinary experience. The great room, boasting the estate's most commanding views, opens to a covered loggia through disappearing glass doors offering a fireplace lounge and al fresco dining with panoramic vistas. Additional highlights include a wood-paneled library, Oval Office-style study, rear staircase, soaring ceiling heights, smart lighting, integrated audio, Venetian plaster walls, and detailed millwork throughout. The main level features a private guest suite, while the upper level offers two secondary suites and a luxurious primary suite with a sitting room, fireplace, covered balcony, dual spa-like bathrooms and dressing rooms, and a morning bar. The lower level is an entertainer's haven with a 3,096-sq-ft garage, game room, gym with dry sauna, theater, wine cellar, billiards room, and a full bar. An open-air courtyard leads to a resort-style backyard with pool, spa, grotto, mosaic waterfall, BBQ bar, and numerous outdoor vignettes.
Ideally located moments from world-class shopping, dining, and entertainment at Fashion Island and South Coast Plaza, white sand beaches, Newport Harbor, the Performing Arts Center, John Wayne Airport, and premier golf and tennis clubs. This is a rare opportunity to own a legacy estate in one of Newport Coast's most iconic locations.
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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 |
|---|---|---|---|
| May 9, 2025 | Listed by Compass | $39,000,000 | |
| Listed by Compass | |||
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About Newport Coast
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017