195 Spindrift Road
About This Property
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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 |
|---|---|---|---|
| Apr 8, 2026 | Listed by Dalton Real Estate | $2,200,000 | |
| Listed by Dalton Real Estate | |||
| Dec 4, 2024 | Relisted | $2,200,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 22, 2024 | Listed | $2,200,000 | |
| Listed | |||
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This half-acre property has a well and approvals for a 3600 sf main house on the upper pad and a garden guesthouse/home office or ADU with its own garage accessed from the private drive below. The property enjoys a private access to Yankee Point Beach, a two-minute walk from the lower edge of the property. It also fronts on a scenic easement across Spindrift Road, affording unexpected privacy. The main house captures ocean views from every room. Three levels are organized around a central stair culminating on the top living level with panoramic and white water views. High windows bring in light and nature, and terraces at each level extend the outdoor enjoyment of this multi-faceted setting. The combination of views and beach access, coupled with distinctive contemporary architecture by award-winning architect, Frank Hennessy, make this property unique. For those wanting a custom home in one of the most desirable neighborhoods on the Monterey Peninsula, this property has all planning and coastal approvals in place and is ready to be adapted and finished to suit.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017