Listed by: Michael Hahn, Compass
$3,650,000
●
House -
Off Market
1205 Outrigger Drive
Corona del Mar, CA 92625
3 Beds
2 Baths
1,930 Ft²
$18,522
Est. Monthly
$108
HOA / Fees
1.89%
Cap Rate
About This Property
Your dream home awaits in one of the most desired coastal
communities of Newport Beach. Nestled in the prestigious Harbor
View Hills South Community of Corona del Mar, 1205 Outrigger Drive
offers the exclusive location you've been looking for.
This exceptional property offers a rare chance to craft a masterpiece that embodies your unique vision and unparalleled taste. With 3 bedrooms and 2 bathrooms, your future home rests on a 9,483 square foot private sun-drenched lot. Dream up your new 3,000+ potential square foot new build, or remodel the existing home to your wildest imagination. The home's high-vaulted ceilings, and serene large backyard are perfect for enjoying your dream Southern California lifestyle.
Residents of Harbor View Hills South enjoy an unparalleled coastal lifestyle with walkability and proximity to renowned local beaches, parks, golf, hiking, CDM Village, local boutiques, fine dining, and award-winning schools. Enjoy easy access to Fashion Island, Newport Center, John Wayne Airport, and nearby freeways for seamless commuting.
Don't miss this opportunity to own this piece of coastal paradise in Corona del Mar! This home affords you the serenity and value to make all of your dreams come true. Schedule your private tour today and envision your life in this coastal haven.
(Interior photos are rendered for design inspiration.)
This exceptional property offers a rare chance to craft a masterpiece that embodies your unique vision and unparalleled taste. With 3 bedrooms and 2 bathrooms, your future home rests on a 9,483 square foot private sun-drenched lot. Dream up your new 3,000+ potential square foot new build, or remodel the existing home to your wildest imagination. The home's high-vaulted ceilings, and serene large backyard are perfect for enjoying your dream Southern California lifestyle.
Residents of Harbor View Hills South enjoy an unparalleled coastal lifestyle with walkability and proximity to renowned local beaches, parks, golf, hiking, CDM Village, local boutiques, fine dining, and award-winning schools. Enjoy easy access to Fashion Island, Newport Center, John Wayne Airport, and nearby freeways for seamless commuting.
Don't miss this opportunity to own this piece of coastal paradise in Corona del Mar! This home affords you the serenity and value to make all of your dreams come true. Schedule your private tour today and envision your life in this coastal haven.
(Interior photos are rendered for design inspiration.)
Unit Size
1,930 Ft²
Days on Market
15 days
Land Size
0.22 acres
Price per sqft
$1,943
Property Type
House
Property Taxes
-
HOA Dues
$108
Year Built
1969
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
How much can I actually make?
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.
Last updated: 3 years ago (CRMLS #OC24173214)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Aug 21, 2024 | Listed by Compass | $3,750,000 | |
| Listed by Compass | |||
Property Highlights
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Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Corona del Mar
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Listed by: Michael Hahn, Compass
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24173214
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24173214
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