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19 Montecito Drive
About This Property
The expansive primary suite opens to soaring, wall-to-wall views that sweep across the coastline the moment you step foot into the room. A separate formal dining room and a breakfast nook overlooking the garden round out the living spaces, ideal for both indoor gatherings and effortless indoor-outdoor living. The front courtyard offers a secluded retreat in the private patio and garden, while a three car garage adds everyday convenience.
Recent upgrades also include wide plank flooring and central air conditioning throughout. Don't miss this rare chance to own one of the few homes in Newport Beach's most exclusive enclaves with a view like this. Professional photography scheduled.
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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%.
How much can I actually make?
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 21, 2026 | Sold | ||
| Sold | |||
| Oct 3, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Listed by Harcourts Blue Water | $7,500,000 | |
| Listed by Harcourts Blue Water | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017