199 Monarch Bay 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 |
|---|---|---|---|
| Feb 10, 2025 | Sold | ||
| Sold | |||
| Jan 9, 2025 | Listed by Christie's International R.E. Southern California | $7,995,000 | |
| Listed by Christie's International R.E. Southern California | |||
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Breathtaking ocean views surrounded by private lush mature landscaped gardens make this remodeled single level Mid-Century home an exceptionally rare gem in the highly sought after community of Monarch Bay in Dana Point. Ocean breezes flow through the light and bright indoor /outdoor spaces providing a perfect setting for entertaining or simply enjoying beautiful sunrises and sunsets. The home exudes a feeling of tranquility upon entering through a private courtyard into an open concept kitchen, dining and living space. Tongue and groove vaulted ceilings and wood burning fireplace make for coastal charm and warmth. Monarch Butterflies and Hummingbirds abound in the specially curated mature private garden enhanced with herb and vegetable beds. This captivating three-bedroom two bath home has been thoroughly updated with a new 50-year rated roof and insulation, new HEPA energy efficient AC, new Water Heater, new Electric Panel and Tesla Charger, fresh exterior and interior Paint, automated window coverings, customized closet build out, and ceiling fans. In addition, the flooring, bathrooms and entire kitchen including cabinetry and appliances were fully remodeled. An ample epoxy finished two car garage provides direct home access. While absolutely outstanding as is, the residence has fully approved plans designed by a renowned local architect which are available for additional consideration. No HOA fee at the current current time and weekly trash service from CR&R is included by HOA for each residence.
The Monarch Bay Community has long been an idyllic oceanfront coastal enclave where residents enjoy an unparalleled California coastal resort lifestyle. Home ownership includes 24-hour guard gated security and the world class amenities of the Monarch Beach Club, Resort and Spa privileges, ocean front dining, direct beach access, attendant chair and towel service, social and dining events, tennis and pickleball courts, beach volleyball, oceanside firepits, play area and dog park, water sports, and beachside exercise classes operated by the Five-Star Waldorf Astoria. Located within minutes of Laguna Beach, Dana Point Harbor, seaside hiking, world-class golf of Monarch Links, the Montage and Ritz Carlton hotels.
Graciously shown by appointment. Client registration is required.
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| Jun 26, 2020 | Sold | ||
| Sold | |||
| Mar 16, 2020 | Listed by Harcourts Prime Properties | $5,195,000 | |
| Listed by Harcourts Prime Properties | |||
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Outstanding opportunity to purchase a 3 bedroom, 2 bath “fantastic ocean view“ residence in the 24-hour gate guarded, “ocean front” community of Monarch Bay! This property price "INCLUDES THE LAND"!! This 3 bedroom residence has been totally renovated from “head to toe“… New kitchen… New appliances… New bathrooms… New fixtures… New flooring… Some new windows and doors… New interior and exterior paint…central air conditioning, fireplace, skylights and much much more! Absolutely light and bright, open and spacious! Attached over sized two car garage with Epoxy flooring and opportunities for storage! Truly one of the most incredibly landscaped residences In Monarch Bay! A terrific ocean view from so many of the rooms in this residence... This residential site is over 11,000 square-foot with sunset views of Catalina Island with a topography offering one tremendous potential to be able to "add on" to this residence. Location, location, location! Includes membership to the exclusive "Monarch Bay Club" with its beach as well as restaurant & bar facilities. Golf cart or walk to the beach! Outstanding proximity to the Ritz Carlton and Monarch Beach Resorts! Equally close proximity to the Monarch Bay shopping center inclusive of its many, many shops and restaurants with both Starbucks & Gelson’s. Also just moments away from the community of Dana Point and it’s “Lantern District” with the Harbor and numerous shopping and restaurant opportunities...Truly a must see!!! Easy to show!
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| May 14, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017