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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%.
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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.
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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 18, 2018 | Sold | ||
| Sold | |||
| Apr 25, 2018 | Listed by Surterre Properties Inc. | $11,500,000 | |
| Listed by Surterre Properties Inc. | |||
| Jul 29, 2017 | Listed | $11,800,000 | |
| Listed | |||
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Nestled on the front row in the Newport Coast private gated community of Pelican Hill this recently updated custom estate is the true definition of southern California coastal resort living at its finest. With over 10,400 sqft of living space on a 22,800+ sqft lot this 7 Bedroom, 7/2 bathroom residence has sweeping views of coastal vistas from the Pacific Ocean’s endless horizon, through the Pelican Hill Resort golf courses, stretching all the way down the coastline with Catalina and year-round sunsets in the back drop. No detail was overlooked in this custom estate, from the craftsmanship in bespoke woodwork, cabinetry, and masonry throughout to the, cinematic projection theater, central open air courtyard with fireplace, subterranean garage, billiards rooms with bar, executive ocean facing office, and gourmet Carrera marble clad chef’s kitchen. Once outside you can bask in the unobstructed 180-degree ocean views accompanied with saline pool, Jacuzzi, covered BBQ Pavilion, fountains, fireplaces, loggias, with landscapes and hardscapes reminiscent of the French Countryside. The manager has listed the unit size as 10468 square feet.
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About Newport Coast
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017