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2284 Redlands
About This Property
From the moment you enter, the home offers an inviting sense of scale with expansive living spaces, soaring natural light, and an effortless indoor-outdoor feel. Designed for both entertaining and everyday living, the layout features multiple gathering areas, dual-sided fireplaces, an impressive upstairs bonus/great room, and a custom bar space perfect for hosting friends and family.
The property has been thoughtfully upgraded over time with paid solar, dual-pane windows, waterproof luxury vinyl flooring, tankless water heater, air conditioning, and a whole-house attic fan for year-round efficiency and comfort. Dual primary bedroom options create versatility for multi-generational living, guests, or evolving lifestyle needs.
Outside, the lush tropical landscaping and private gazebo create a peaceful backyard retreat with exceptional space to relax, entertain, or reimagine. The oversized lot also offers rare flexibility for additional storage, recreational toys, boat or possible RV parking, or future enhancements.
Surrounded by multimillion-dollar homes and located just minutes from world-class beaches, award-winning schools, dining, shopping, and the scenic trails of the Back Bay, this is more than just a home-it's an opportunity to create something truly special in one of Newport Beach's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jul 19, 2026 | Relisted | $2,899,000 | |
| Relisted | |||
| Jul 1, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Listed by Damon Burris, Broker | $2,950,000 | |
| Listed by Damon Burris, Broker | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017