2 Coral Blue Street
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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 |
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| Jan 15, 2025 | Sold | ||
| Sold | |||
| Dec 20, 2024 | In contract | - | |
| In contract | |||
| Dec 3, 2024 | Listed by HomeSmart, Evergreen Realty | $4,998,000 | |
| Listed by HomeSmart, Evergreen Realty | |||
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Stately and sophisticated, this recently renovated custom residence is among the most desirable in Ladera Ranch’s guard-gated Covenant Hills. Occupying a premier corner site, the home recalls the timeless appeal of grand Beverly Hills & Hancock Park estates with authentically detailed architecture that harmonizes with lush gardens, olive trees and custom hardscaping. Arched glass and wrought-iron entry doors open to a stunning living environment that is modern and warm. A two-story foyer with sweeping staircase continues to a seamless living area. Custom beamed and barrel ceilings accentuate an expansive great room featuring formal dining, billiards area, 206-bottle glass wine display, and polished stone fireplace. A magnificent kitchen displays an oversized quartzite island, farmhouse sink, and breakfast nook that opens to the backyard. Thermador appliances include dual built-in ovens, two dishwashers, a wine refrigerator, six-burner range and built-in refrigerator. A large laundry and mud room features marble countertops and top-end appliances. Five bedrooms and four- and one-half baths provide comfort and privacy for all in approx 5,575 sqft. One bedroom is located on the first floor with ensuite bath, and the others are featured upstairs. Guests will appreciate a junior suite with ensuite bath and walk-in closet, two additional guest bedrooms, and a versatile media room. Offering a peek at the ocean, the resort-caliber primary suite elevates personal luxury with a view balcony, fireplace, dual vanities and freestanding tub. Primary closets include an additional refrigerator and washer/dryer for convenience, and the multi-head rain shower features a steam system. Custom millwork embellishes the residence which is also detailed with wood flooring, Sonos whole-house sound system, multi-zone AC, two tankless water heaters and water filtration. A large 3-car garage features EV charging and built-in cabinets. A custom bookcase doubles as a secret door to more storage. Grounds measure 12,138 sqft, elevated for privacy on one of the quietest sections of Covenant Hills. Glass sliding pocket doors reveal a private backyard oasis for seamless indoor/outdoor entertaining. A new saltwater pool and spa, Baja shelf and LED lighting are accentuated by travertine stone, a fireplace-warmed loggia, covered BBQ bar, after-swim shower and fire feature. Timeless architecture, open concept design, and resort-style amenities await.
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| Oct 17, 2017 | Sold | ||
| Sold | |||
| Jul 29, 2017 | Listed | $2,799,900 | |
| Listed | |||
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Your opportunity to live The Good Life has arrived in the prestigious guard-gated Ladera Ranch community of Covenant Hills, where this magnificent custom estate offers panoramic views that reach the ocean. Recently crafted in 2014 and showcasing exquisite craftsmanship, finishes and fixtures, the Mediterranean-inspired 2-story residence is generously proportioned at approx. 5,525 s.f. and reveals 5 bedrooms, 4.5 baths, a grand entry with double glass and wrought iron doors, formal living and dining rooms, a home office, and a stylish great room with fireplace, built-in entertainment center and slide-away doors that open to the fireplace-warmed loggia outside. The kitchen boasts handsome white cabinetry, granite countertops, an oversized island with prep sink and bar seating, a sunlit breakfast room, walk-in pantry, and 2 high-end dishwashers, a wine cooler and built-in refrigerator. Crown molding and handsome beams complement a variety of ceiling styles, including double-height and tray ceilings, and wood, stone and designer carpet grace floors throughout. A 5-star master suite exhibits a view balcony, fireplace, sitting area, enormous walk-in closets, a free-standing tub, dual vanities and a multi-head shower / Custom Steam Room . More than 12,100 s.f., a desirable corner homesite at the entrance to a cul-de-sac street embraces beautiful landscaping and hardscaping, a shimmering pool and spa with waterfalls, a covered BBQ island with bar and artificial turf. The manager has listed the unit size as 5525 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017