18
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2209 Cliff Drive
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 |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$3,750,000
↓ $1M
(24.2%) | |
| Price Decreased | |||
| Sep 9, 2026 | Price Decreased |
$4,950,000
↓ $40K
(0.8%) | |
| Price Decreased | |||
| Aug 27, 2026 | Price Decreased |
$4,990,000
↓ $210K
(4%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed by Times Real Estate CA | $5,200,000 | |
| Listed by Times Real Estate CA | |||
| Jan 15, 2026 | Listed | $7,500,000 | |
| Listed | |||
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Welcome to 2209 Cliff Drive, a rare offering along one of Newport Beach’s most exclusive and tightly held stretches of Cliff Drive. Elevated above PCH and defined by privacy, outlook, and long-term scarcity, this property presents an exceptional opportunity to reimagine a premier coastal site in a location that rarely trades.
Offered with an existing structure and accompanying new construction plans, the property provides a compelling pathway for a future owner to create a design-forward residence that fully capitalizes on its commanding position and remarkable setting. The site benefits from elevated sightlines, separation from roadway activity, and a setting that is materially more private and visually protected than nearby locations along Kings Road or Kings Place.
Conceptual plans envision a substantial, architecturally significant home tailored to the scale and character appropriate for this stretch of Cliff Drive. The position of the lot, combined with its setback from PCH and surrounding context, allows for a level of privacy, quiet, and outlook that is increasingly difficult to replicate in Newport Beach.
This segment of Cliff Drive is extraordinarily limited, with very few opportunities for true ground-up redevelopment at this caliber. The combination of location, elevation, scarcity, and future potential makes 2209 Cliff Drive a compelling opportunity for a buyer seeking to create a legacy residence or pursue a high-quality development in one of the city’s most structurally constrained residential corridors.
Plans are available for review. Buyer to independently verify all development potential, square footage, approvals, and timelines with the appropriate professionals and governing agencies.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017