1901 Mariners Drive
About This Property
With open-concept living, vaulted ceilings, and seamless indoor-outdoor flow, the proposed design brings a contemporary coastal feel with luxury finishes throughout. Renderings showcase the full potential of this stunning future home. This property offers both lifestyle and long-term upside in one of Newport Beach's most desirable neighborhoods.
Located in the highly sought-after Westcliff neighborhood, known for its redevelopment, this home offers tremendous upside potential. Homes in this area are being rebuilt and resold at a premium, providing an excellent financial opportunity for the right investor. With some finishing touches, this home could become a spectacular residence in one of Newport Beach's most desirable communities. Don't miss out on this great chance to bring your vision to life!
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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 |
|---|---|---|---|
| Sep 29, 2025 | Sold | ||
| Sold | |||
| Sep 5, 2025 | In contract | - | |
| In contract | |||
| Sep 3, 2025 | Price Increased |
$2,350,000
↑ $100K
(4.4%) | |
| Price Increased | |||
| Aug 1, 2025 | Relisted | $2,250,000 | |
| Relisted | |||
| Jul 21, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017