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1423 Mariners
About This Property
Thoughtfully designed with both comfort and entertaining in mind, the home offers a warm and inviting floor plan with a formal sitting area, fireplace, and dining space that transitions seamlessly into the main living area. Expansive stacking doors create a true indoor-outdoor connection, opening the great room to a private backyard complete with a pool, spa, built-in BBQ, and generous entertaining space.
At the heart of the home is a beautifully appointed chef's kitchen featuring high-end appliances, a large center island, walk-in pantry, butler's prep area, and a casual breakfast nook. A main-level guest suite provides flexibility for visitors, extended family, or a private home office.
Upstairs, a spacious loft serves as a secondary living area, surrounded by three en-suite bedrooms, a well-equipped laundry room, and an impressive primary suite. The primary retreat features dual walk-in closets and a spa-inspired bath with a soaking tub, oversized walk-in shower, and dual vanities.
Set within the sought-after Mariners Elementary School district and offering convenient access to John Wayne Airport, Fashion Island, Newport Harbor, and the beach, this newly built residence captures the ease, quality, and lifestyle of modern Newport Beach living. Furniture is also available for purchase.
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Cap Rate Calculator
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 14, 2026 | Sold | ||
| Sold | |||
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Aug 2, 2026 | Price Decreased |
$6,500,000
↓ $395K
(5.7%) | |
| Price Decreased | |||
| Jun 2, 2026 | Listed by Luxe Real Estate | $6,895,000 | |
| Listed by Luxe Real Estate | |||
| Mar 13, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017