7
Map
224 Iris Avenue
About This Property
Encompassing approximately 4,649 square feet, the residence features five bedrooms, five full and two half baths, a three-car garage, and a three-stop elevator. Soaring 10'6" ceilings define the main level, where fully pocketing sliding glass doors open the living spaces to expansive patios and courtyards for a seamless indoor-outdoor flow. A chef's kitchen is complemented by an adjoining butler's pantry, while a junior ADU on the first level offers flexibility for guests or multigenerational living. Upstairs, a dedicated lounge creates another intimate space to gather and unwind.
Above it all, the approximately 1,422-square-foot rooftop deck is a destination of its own - designed for lounging, dining, and entertaining from sunrise through sunset, complete with a built-in BBQ, fire pit, covered entertaining area, powder room, and direct elevator access, all set against sweeping views across Newport Harbor, the Pacific Ocean, and Catalina Island.
An invitation to work alongside Nicholson Companies to curate a truly exceptional coastal residence, 224 Iris offers the opportunity to create a home entirely your own within one of Southern California's most prestigious coastal communities. Here, morning coffee, dinner at a favorite restaurant, an afternoon at the beach, and sunset along the coast are all just moments from your front door - a lifestyle defined by the intimacy and walkability of the Flower Streets, and everything that makes Corona del Mar and coastal Orange County so exceptional.
Floorplans and proposal package available upon request. Renderings have been AI-edited for illustrative purposes only. Preliminary concepts and plans are subject to change.
Listed By
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 |
|---|---|---|---|
| Sep 21, 2026 | Listed by Coldwell Banker Realty | $13,995,000 | |
| Listed by Coldwell Banker Realty | |||
| Sep 21, 2026 | Sold | ||
| Sold | |||
| Sep 1, 2026 | Listed by Coldwell Banker Realty | $6,200,000 | |
| Listed by Coldwell Banker Realty | |||
| |||
|
Sold Off-Market. Entered for comp purposes only.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017