203 Monarch Bay
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 27, 2018 | Sold | ||
| Sold | |||
| Jun 11, 2018 | Listed | $3,999,000 | |
| Listed | |||
| | |||
|
In the private Seaside enclave of Monarch Bay this single level retreat captivates both elegance and coastal living. Radiant sunsets and Catalina Island ocean views from many of the rooms in the home in addition to the entertaining areas of the backyard which include a wood burning fireplace, a fire pit, built in BBQ and an enticing salt water pool and spa. Or enjoy alfresco dining under the lit pergola. Spend some quiet time close to the water fountain in the lush courtyard. Also included on this nearly 14,000 sq. ft. lot is a grassy area and room for a garden. This traditionally classic home has five bedrooms and four bathrooms and an immense, open kitchen made for entertaining. The property is romantic, relaxing, and welcoming. It's calming-just like the feeling you have when you are at the beach. Luxuriate in the membership to the private Monarch Bay beach club located oceanfront. Fine and casual dining with a full service bar. A wonderful place to gather with friends and family and in the summer months there will be chair,umbrella and towel service. Other community amenities include tennis, tot lot, beach front parking access and a 24-hour guarded gate. Come experience the joy of living by the sea! The manager has listed the unit size as 3600 square feet.
| |||
| May 16, 2018 | Listed by Pacific Sotheby's International Realty | $3,999,000 | |
| Listed by Pacific Sotheby's International Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017