23 Long Bay Drive
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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%.
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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.
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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 15, 2025 | Sold | ||
| Sold | |||
| Feb 12, 2025 | Listed by Coldwell Banker Realty | $3,900,000 | |
| Listed by Coldwell Banker Realty | |||
| Jun 3, 2023 | No longer available | - | |
| No longer available | |||
| May 20, 2023 | In contract | - | |
| In contract | |||
| Apr 18, 2023 | Listed by Surterre Properties | $3,350,000 | |
| Listed by Surterre Properties | |||
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Welcome to 23 Long Bay Drive, an exquisite Cape Cod inspired home located in sought-after One Ford Road. This Balboa Plan 3 home offers a spacious and thoughtfully designed floor plan with 3 bedrooms, a loft/den, and 3.5 bathrooms, encompassing 2917 square feet of luxurious living space. You are welcomed with an inviting sunny front porch and charming sought-after Cape Cod architecture. The stunningly re-imagined kitchen features custom cabinetry, Calcutta marble countertops, and top-of-the-line Thermador appliances, including an espresso machine. The expansive marble island with seating is perfect for entertaining. The interior boasts beautiful hardwood floors, French doors, custom millwork throughout, along with designer window coverings. Located on a quiet street across from one of the community's private parks, this home offers the perfect balance of privacy and convenience. The large courtyard patio is ideal for hosting gatherings, featuring a built-in BBQ and alfresco seating area where you can relax and enjoy the beautiful California weather. The 3-car garage is a bonus, providing ample storage and parking. Additionally, this home boasts an impressive list of recent upgrades, including a new roof, new whole-house water filtration system, new irrigation, new softscape, new interior paint, new washer/dryer, new BBQ, and new LED recessed lighting.
One Ford Road residents enjoy resort-style amenities, including 24-hour guard-gated security, state-of-the-art fitness center, 3 pools, putting greens, Clubhouse, BBQ facilities, volleyball/basketball/croquet courts, rose gardens, paseos, year-round-social events, and so much more. One Ford Road is close to all Newport Beach has to offer, including top rated schools, world-class shopping and dining, beaches, recreation, and transportation.
One Ford Road residents enjoy abundant resort-style amenities, including 24-hour guard-gated security, state-of-the-art fitness center, 3 pools, putting greens, Clubhouse, BBQ facilities, volleyball/basketball/croquet courts, rose gardens, paseos, year-round-social events, and so much more. One Ford Road is close to all Newport Beach has to offer, including top rated schools, world-class shopping and dining, beaches, recreation, and transportation. The manager has listed the unit size as 2917 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017