13 Pelican #13
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 |
|---|---|---|---|
| May 30, 2025 | Listed | $1,373,833 | |
| Listed | |||
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Perfectly situated between Santa Cruz and Monterey with beautiful ocean views from the living room and kitchen, in an exclusive ultra private enclave in Pajaro Dunes. Rarely listed corner end unit on second floor with no stairs to front door and unobstructed ocean views. This condo features new windows, popcorn free ceilings, a ramp up to the front door and two spacious decks to entertain or relax with a glass of local wine. The spacious 2 bedroom floor plan offers plenty of room to entertain or gather with family or for special occasions. Already a proven successful rental property, this is a great deal for investors. There are so many activities including volleyball courts, tennis courts, bocci ball, community club house, gym and of course a secluded private beach just steps away. The HOA pays for sewer, water, garbage, internet and more! This gated community also has 24/7 security and sits behind private gates. Make sure you see this opportunity to own your California dream before it slips away.
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| Feb 14, 2025 | Listed | $1,338,000 | |
| Listed | |||
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Escape to your own piece of Pajaro Dunes paradise in this stunning second-floor condo, offering breathtaking ocean views and abundant natural light. Nestled on miles of pristine sandy beach, this gated beachfront community is conveniently located just 30 minutes from both Santa Cruz and Monterey. This spacious 2-bedroom, 2-bathroom retreat features large new windows, a thoughtfully designed layout, a ramp from the parking lot to the front door, and popcorn free ceilings! Step outside to one of your multiple decks, where you can sip wine, watch the waves, or simply relax in the coastal breeze. Take a leisurely stroll along the expansive Sunset Beach or explore the scenic walking trails. Already a successful vacation rental, this condo is a great turn-key beach home for someone looking for an investment, vacation home, or both! HOA includes a wealth of amenities including world class birdwatching, volleyball courts, tennis courts, bocce boll, community clubhouse, insurance and more! Don't miss this exceptional opportunity to own a piece of the California coast in Pajaro Dunes, the best kept secret on this Monterey Bay.
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| Oct 8, 2020 | Sold | ||
| Sold | |||
| May 12, 2020 | Listed by Pajaro Dunes | $714,500 | |
| Listed by Pajaro Dunes | |||
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Relax and enjoy your own beach home in beautiful Pajaro Dunes. Ready for summer fun ! Sitting on miles of sandy beach and only 30 minuters to Santa Cruz or Monterey. Enjoy tennis, basketball, volleyball, walking trails through the sand dunes or sipping wine and watching the waves from your oceanview deck. This 2 bedroom comes fully furnished and ready for the Vacation Rental Program
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/12/2020
|
2 Bed
|
2 Bath
|
1034 ft²
|
$714,500
2 Bed
2 Bath
1034 ft²
|
$707,000
-1.05%
10/08/2020
|
Richard Seadler
Pajaro Dunes
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017