2187 Meyer Place
About This Property
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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 |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 14, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Listed by Kase Real Estate | $1,995,000 | |
| Listed by Kase Real Estate | |||
| Nov 22, 2025 | Price Decreased |
$2,180,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed | $2,280,000 | |
| Listed | |||
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Modern Architectural Masterpiece with ADU Permits & Pickleball Court
This stunning Meyer Place residence is more than a home—it’s a lifestyle investment. The main residence spans 1,772 sq ft and features 3 bedrooms, 2 full bathrooms and 1 powder room. This property offers unmatched flexibility for rental income, private guest quarters, or multi-generational living.The main residence itself has been completely reimagined—essentially brand-new construction in one of Costa Mesa’s most coveted neighborhoods. Meyer Place is a community celebrated for its pride of ownership, family-friendly energy, and beloved annual 4th of July parade and fireworks.
Step inside to discover a custom-designed architectural floor plan with soaring 10-foot flat ceilings that flood the open-concept living areas with natural light. The showpiece kitchen showcases imported Italian cabinetry by Stosa, sleek quartz countertops, an oversized island, and a full KitchenAid appliance suite, making it a true centerpiece for both daily living and entertaining.
Evenings on Meyer Place are designed to impress. The private backyard retreat includes an exclusive pickleball-ready sport court—rare to find in this area. Professionally designed landscaping with accent lighting frames the modern architecture, while a beautifully lit citrus tree centerpiece creates a warm, inviting ambiance for gatherings. Indoors, a sleek fireplace wall and wide-opening glass doors seamlessly connect the living space to the outdoors.
Finally, location completes the package: just 2 miles from Newport Beach and Lido Marina Village, where world-class dining, shopping, and coastal lifestyle await.
This home is the perfect blend of architectural design, modern lifestyle, and smart investment—a rare opportunity in one of Costa Mesa’s most celebrated communities.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017