18 Scenic Bluff
About This Property
Sitting on a flat land of 15,562 square feet, with an living space of 5,558 square feet, this perfect Watermark Plan 3, originally built by Taylor Woodrow, featuring an ideal layout. It includes six suites and two guest bathrooms. There are two suites down stairs, while the second floor has four suites plus a loft. The large balcony on the second floor faces the beautiful backyard, where your eyes can overlook the azure ocean beyond a few large trees from the southwest direction. A Staircase from the balcony leads you to a resort-style backyard with a saltwater pool and spa, BBQ area, gazebo, outdoor shower area with a half bath, and an outdoor dining area with a fireplace. The picturesque scenery is captivating. The bedroom in the northwest corner of the upper floor also has stairs leading directly down to the front yard, ensuring excellent privacy. Every detail reflects classic sophistication, featuring high-quality hardwood floors and renowned Italian Calacatta Gold marble kitchen countertops. The four bedrooms on the upper floor enjoy a verdant view with wide-open yet private vistas. The comfortable and aesthetically pleasing circular staircase design, along with the spacious and welcoming atrium, ensures ample natural light throughout the house.
The community features a swimming pool, spa, gym, parks, walk trails, children's playground, and a tunnel that leads directly to the beach. Crystal Cove Plaza is right below the community. A ten-minute drive takes you to Fashion Island, while South Coast Plaza, the Spectrum Center, and various supermarkets and dining options in Irvine are all within a 20-minute drive. With first-class beaches, abundant recreational facilities (including premier golf courses and shopping centers), and quality educational resources (notable private schools like Sage High and TVT) just a few minutes' drive away, Crystal Cove boasts a safe and friendly community atmosphere along with convenient transportation networks, making it a unique world-class luxury residential area.
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 18, 2024 | In contract | - | |
| In contract | |||
| Aug 6, 2024 | Listed by Coldwell Banker Realty | $11,360,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 19, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017