17 Ritz Cove Drive
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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 |
|---|---|---|---|
| Jul 9, 2020 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $18,750,000 | |
| Listed | |||
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An extraordinary coastal Oceanfront jewel boasting incredible design and luxury, 17 Ritz Cove overlooks the waves of the World Famous Salt Creek Beach from its premier Front Row location. Ritz Cove has only 101 homes and is the only 24-hour guard-gated community that is nestled between two Five Star Resorts. Meticulously designed, accented by magnificent light fixtures, accessories and art, this turnkey trophy home is being sold FULLY FURNISHED. This beachfront estate has 5 ensuite bedrooms plus an office, palatial windows that reach up two stories high, and huge sliding doors that open up the rooms to magnificent ocean breezes. This home is a masterpiece! The refined designer kitchen features Thoemmes fine cabinetry and quartzite countertops. The elevator whisks you from the first floor to the master suite. The master bedroom's views stretch the length of the coast to the white water waves rolling in to Shell Beach and Monarch Bay. The master has both a bedroom area and a living room-sized sitting area overlooking the ocean. An ocean view patio off the master bath is the favorite relaxation realm of the owner. The lower level has a large media room complete with full bar, wine room and relaxing viewing area. A subterranean garage houses three cars and The manager has listed the unit size as 6615 square feet.
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| Sep 16, 2019 | Listed by Realty ONE Group West | $18,750,000 | |
| Listed by Realty ONE Group West | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017