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1219 Sand Key
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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Compass | $4,995,000 | |
| Listed by Compass | |||
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New price and now available for sale and lease! 1219 Sand Key presents the opportunity to own or lease a turnkey and move-in ready home with second story ocean views in the highly sought-after neighborhood of Harbor View Hills South. With this excellent new price, this is a great opportunity to enjoy the highly desirable local lifestyle, from breathtaking beaches nearby to the pool and spa in your own backyard. PRIME LOCATION: Situated on a 9,100 sq ft lot on a cul-de-sac surrounded by parks, beaches, and award-winning schools, this home is a great fit for those seeking the vibrant lifestyle of Corona del Mar. With excellent walkability and close proximity to shopping and dining at both Fashion Island and Corona del Mar Village, the property offers the ideal coastal living experience. SPACIOUS LIVING: The home features multiple living rooms and a flexible floor plan across a generous 2,910 square feet of living space. With its 9,100 sq ft lot, there's tons of space to expand the home. OUTDOOR LIVING: The front yard features a grass lawn while the backyard is perfect for countless activities. Here, you can host guests or family members while enjoying your pool, spa, water feature, outdoor kitchen with barbecue, and another grass lawn. RENOVATION OPPORTUNITY: While turnkey, updated, and well-maintained as-is, the property also presents an array of improvement possibilities. If you're looking for a more elevated home with an ultra high-end design, this is the perfect opportunity to make it your own. This new price accounts for changes shown in the renderings, which are provided to depict potential future updates. The price does not include any new construction; instead, the price has been dramatically reduced to accommodate for these changes and more. NOTEWORTHY FEATURES: Combining 5 bedrooms, ocean views, multiple fireplaces, a wine room, 3-car garage, brand new garage doors, new paint, new hardwood floors, an updated kitchen, a ground floor bedroom and office, and a primary suite with a private balcony, all on a cul-de-sac, this property is truly a special find. Don't miss this chance to seize this opportunity. Contact us today to learn more about this phenomenal value in Corona del Mar!
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| May 2, 2018 | Sold | ||
| Sold | |||
| Jan 17, 2018 | Listed by Coldwell Banker Res. Brokerage | $2,499,000 | |
| Listed by Coldwell Banker Res. Brokerage | |||
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About Corona del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017