1372 Morningside Drive
About This Property
Designed by acclaimed Laguna Beach architect and former Pageant of the Masters producer Don Williamson, this one-of-a-kind residence is a tribute to creative vision, structural integrity, and timeless coastal style.
Set on a rare 1/3-acre street-to-street lot in Rancho Laguna, this two-bedroom, two-bathroom masterpiece sits atop 24 bedrock-anchored caissons, offering commanding ocean, canyon, and hillside views from nearly every angle. Designed with expansion in mind, the roof is engineered to support a future second story, and ADU potential abounds - yet the current single-level layout lives large with an open, airy floorplan and soaring 16-foot ceilings in the living room.
From the moment you arrive, custom artistry reveals itself: solid teak railings, a private elevator with teak and rusted metal doors, an atrium entry wrapped in quartzite and wood, and meticulously landscaped terraces dotted with mature Protea and Strawberry trees. The design details are exquisite-rift-cut oak cabinetry, solid walnut floors, and artisan-crafted accents throughout.
The kitchen is a chef's dream, featuring a Sub-Zero refrigerator, Miele dual full-size ovens, Miele speed oven, cooktop, hood, dishwasher, and a Kohler ceramic sink set into a quartzite island designed for both function and conversation.
Wake to sunrises over the hills in the vaulted-ceiling primary suite, complete with a custom walk-in closet and spa-like bath adorned with a motorized skylight, walnut vanity, and an oversized shower framed in Starfire glass. The secondary bedroom, bathrooms, and even the garage reflect the same level of craftsmanship-blending form and function with flair.
With motorized window shades, a custom bar with quartzite and mahogany finishes, multiple decks, and unmatched indoor-outdoor flow, this is more than a home-it's a lifestyle. This is Vintage Laguna at its finest: storied, soulful, and utterly unforgettable.
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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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 1, 2025 | Price Decreased |
$2,455,000
↓ $10K
(0.4%) | |
| Price Decreased | |||
| Aug 22, 2025 | Price Decreased |
$2,465,000
↓ $30K
(1.2%) | |
| Price Decreased | |||
| Aug 1, 2025 | Price Increased |
$2,495,000
↑ $45K
(1.8%) | |
| Price Increased | |||
| Jul 4, 2025 | Price Decreased |
$2,450,000
↓ $100K
(3.9%) | |
| Price Decreased | |||
Property Highlights
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About Rancho Laguna
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017