23 Lemans
About This Property
From the sparkling Pacific Ocean and Palos Verdes Peninsula to Long Beach Harbor, city lights that stretch beyond downtown Los Angeles, and even snow-capped mountains on clear winter days, the views are nothing short of extraordinary. This rare opportunity allows you to move right in and enjoy, or elevate the home further with a cosmetic remodel, all while preserving what is arguably the best view property in Newport Ridge North, THE prestigious dual guard-gated community of Newport Coast.
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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 |
|---|---|---|---|
| Nov 14, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 3, 2025 | Listed by Coldwell Banker Realty | $5,295,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 19, 2025 | Price Decreased |
$5,280,000
↓ $218K
(4%) | |
| Price Decreased | |||
| Apr 4, 2025 | Listed | $5,498,000 | |
| Listed | |||
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Perched on a commanding sit-down view lot, 23 LeMans captures breathtaking vistas of the Pacific Ocean, Palos Verdes Peninsula, Long Beach Harbor, and dazzling city lights stretching from Orange County through downtown Los Angeles, and on clear days, even snow-capped mountains grace the horizon. This is arguably the best view property in all of Newport Ridge North, THE prestigious DUAL guard-gated community in Newport Coast.
Tucked away on a quiet cul-de-sac, the home offers privacy, comfort, and relaxed coastal luxury. Set on approximately 7,492 square feet of ultra-private grounds, the outdoor areas are designed to impress, whether you're hosting intimate gatherings or entertaining on a grand scale. A built-in barbecue and spa that is accented by a cascading fountain, create a serene, resort-like ambiance.
Inside, nearly 3,680 square feet of thoughtfully designed space offers soaring ceilings, hardwood floors, recessed lighting, and custom window coverings. The open-concept layout flows effortlessly through the main level, connecting the living and dining areas. The chef’s kitchen features stainless steel appliances, a butler’s pantry, and a large eat-in island, all seamlessly opening to the living space and backyard. The formal living room with fireplace, a bonus space off the great room, and a main-level office that can easily be converted to a fourth bedroom, round out the downstairs.
Upstairs, the spacious primary suite is a true retreat, featuring an oversized walk-in closet, dual vanities, soaking tub, and separate walk-in shower. Step out onto your private balcony and take in those sweeping ocean and city views, the perfect setting for morning coffee or a glowing sunset. Two additional bedrooms share a dual-entry bathroom, with a laundry room nearby for added convenience.
Living in Newport Ridge North means access to resort-style amenities, including a private clubhouse, tennis and basketball courts, parks and playgrounds, pool and spa. With two guard-gated entrances, one connecting to Newport Coast’s shopping, dining, beaches, and scenic trails, and the other offering direct access to Newport Beach, Fashion Island, top-rated schools, and John Wayne Airport, you are truly at the heart of it all!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017