1812 Bailey 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 |
|---|---|---|---|
| Oct 17, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Jul 8, 2024 | Listed by Compass | $3,450,000 | |
| Listed by Compass | |||
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Nestled atop the crown of Fire Mountain, discover this very private and unique mid-century modern masterpiece. Designed by the renowned architect Edla Muir, famed for her work with Hollywood's elite, this single-level ranch-style home embodies the essence of California living with its open floor plan and seamless indoor/outdoor entertaining spaces. This property offers unrivaled privacy and tranquility, spanning 2.3 acres of lush, landscaped paradise. The main house features expansive ocean views, allowing you to enjoy endless sunsets from the comfort of your home. The highlight of this residence is undoubtedly the stunning infinity pool and spa, which perfectly complement the breathtaking coastal panorama. The property also includes a charming detached granny flat boasting its own ocean views, which are ideal for guests or as a private retreat. The bedroom and bathroom count consists of this 1BR/1BA granny flat, adding to the versatility and appeal of this exceptional home. Experience the pinnacle of mid-century modern design and California lifestyle at 1812 Bailey Drive, where every detail has been meticulously crafted to create a serene and luxurious living environment.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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About Fire Mountain
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017