205 High Drive
About This Property
Behind the original front door, interiors reveal a meticulous attention to detail. Sunlight pours through an abundance of windows, highlighting refinished hardwood floors, custom Venetian plaster walls, hand-selected Alder wood doors, and exposed wood beams that echo the home's architectural roots, originally built in 1937. Crown molding and crystal-accented Framburg lighting add a touch of classic elegance, while thoughtful updates ensure a seamless balance of historic charm and modern convenience.
The kitchen is both functional and refined, anchored by a generous island, Wolf range, subway tile backsplash, and double pantry. A custom bar area discreetly integrates a home theater system and Sonos multi-room audio, creating a space as ideal for entertaining as it is for everyday living. The primary suite offers tranquil views of mature landscaping and remodeled bath with a spacious walk-in shower and soaking tub. A secondary bedroom overlooks the deck through a striking bay window. Third bedroom overlooks front yard.
Outdoors, an IPE wood deck captures ocean views, while a covered patio invites year-round gatherings. Beneath the home, additional bonus space presents potential for expansion. Situated moments from Laguna Beach's vibrant downtown, boutique shops, acclaimed restaurants, and world-renowned beaches in one of Laguna's most coveted settings.
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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 |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 15, 2025 | Listed by Berkshire Hathaway HomeServices California Properties | $3,549,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017