21 Alexa
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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 2, 2026 | Sold | ||
| Sold | |||
| Jan 8, 2026 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Listed by Pinnacle Real Estate Group | $3,950,000 | |
| Listed by Pinnacle Real Estate Group | |||
| Apr 29, 2025 | Listed | $3,998,000 | |
| Listed | |||
| | |||
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LOWEST PRICED CUSTOM VIEW HOME IN COVENANT HILLS!! Nestled within the prestigious 24-hour guard-gated community of Covenant Hills in Ladera Ranch, this exquisite custom-built Spanish Villa has been thoughtfully upgraded to reflect modern luxury and sophistication. Boasting 6 bedrooms, 6 bathrooms, and a 3-car garage, this home is ideally situated on a premium VIEW LOT at the end of a quiet cul-de-sac on a single-loaded street. Set on an expansive 11,000+ sq ft lot, it offers sweeping, unobstructed views of city lights and serene rolling hills. The main residence features 5 bedrooms, 4.5 bathrooms, and a 2-car garage, while a separate PRIVATE CASITA includes 1 bedroom, 1.5 bathrooms, its own full kitchen, living and dining areas, laundry room, and 1-car garage with EV charger —perfect for multi-generational living, guests, or rental income. Step into the main home through a formal foyer with soaring ceilings, dramatic Spanish tile, and a grand staircase. The open-concept layout flows into the Great Room, centered around a cozy fireplace. The chef-inspired kitchen features custom European cabinetry, granite countertops, a built-in refrigerator, professional-grade stainless steel appliances, 6-burner cooktop, generous storage, and a charming coffee nook. The oversized island is ideal for entertaining and anchors the space. Accordion doors open to the California Room and lush backyard—perfect for contemporary indoor-outdoor living and entertaining with BREATHTAKING VIEWS. Formal dining and living rooms enhance the home’s elegant design, while an interior courtyard with a tranquil fountain adds serenity. A main-floor guest bedroom with en suite bath offers convenience, and a home office provides a great work-from-home setup. Upstairs, a cozy loft and four bedrooms await, including the LUXURIOUS PRIMARY SUITE with a private balcony, spa-like bath, soaking tub, dual vanities, and two walk-in closets. Additional bedrooms include one with an en suite bath and two that share an upgraded bathroom. The CASITA is a private retreat with its own primary suite, walk-in shower, dual vanities, and French doors opening to a garden with fruit trees and vegetables. The expansive backyard is an entertainer’s dream, with a covered California Room and panoramic views. Residents enjoy resort-style amenities: clubhouse, pools, parks, hiking trails, skate park, and water park. Don’t miss this rare opportunity to own in one of Ladera Ranch’s most coveted neighborhoods!!
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| Dec 4, 2019 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017