1500 Caribbean Way
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%.
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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.
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 |
|---|---|---|---|
| Feb 27, 2025 | Listed | $3,850,000 | |
| Listed | |||
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Situated in the prestigious Mystic Hills neighborhood of Laguna Beach, this 3,038 square foot custom home, mostly single level, boasts opulent amenities and abundant space for entertaining. Luxury defines the three-bedroom, two-and-a-half bath residence, showcasing top-notch finishes, ranging from meticulously hand-crafted millwork to skylights that enhance the overall aesthetic. The well-thought-out floorplan seamlessly blends indoor and outdoor living, creating an inviting atmosphere. French doors open to the outdoors, allowing for a harmonious connection between the interior and the serene surroundings. The bright living space is adorned with shiplap wall accents, elegant tray ceilings, and walls of windows that bathe the room in natural light, adding to the welcoming ambiance. Additionally, the residence celebrates a private rear entertainment area embellished with custom landscaping, providing a secluded outdoor haven where one can unwind in style, surrounded by the beauty of carefully curated natural elements. All will delight in the entertainer's kitchen, boasting professional-grade appliances and a convenient breakfast bar where culinary creations can be enjoyed with friends and loved ones. The primary suite serves as a tranquil oasis, featuring a spa-like bathroom, a dedicated vanity area, and a well-appointed walk-in closet, providing a luxurious retreat within the home. Two secondary bedrooms share a designer bathroom with dual sinks and a glass shower enclosure, reflecting a commitment to both functionality and style. Conveniently located near Laguna's Village, renowned restaurants, galleries, and beaches, this home epitomizes coastal living in Laguna Beach. Its elevated stylings, premier location, and meticulous attention to detail make it a standout choice for those seeking the essence of refined living in this coastal paradise.
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| Mar 28, 2019 | Sold | ||
| Sold | |||
| Feb 11, 2019 | Listed by Century 21 Allstars | $1,490,000 | |
| Listed by Century 21 Allstars | |||
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About Mystic Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017