2321 Mesa 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%.
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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.
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 |
|---|---|---|---|
| Apr 8, 2026 | Sold | ||
| Sold | |||
| Feb 5, 2026 | Listed by Douglas Elliman of California, Inc. | $5,895,000 | |
| Listed by Douglas Elliman of California, Inc. | |||
| Sep 26, 2025 | Listed | $5,895,000 | |
| Listed | |||
| | |||
|
Set within a tranquil equestrian neighborhood overlooking Newport’s Back Bay, The Mesa Estate embodies refined craftsmanship and effortless luxury. Crafted by Burkhart Construction and designed by Grace Blu, this 3,585-square-foot residence offers a seamless blend of sophisticated indoor-outdoor living. Soaring 20-foot+ ceilings and bold architectural lines welcomes you, while expansive windows and La Cantina sliding glass doors seamlessly dissolve the boundary between interior and exterior, flooding the space with natural light. The chef’s kitchen is a masterpiece of style and function, featuring leathered quartzite countertops and professional Wolf appliances, including a six-burner range with an infrared griddle. Designed for both entertaining and relaxation, the private backyard boasts a pool and spa, covered dining, fire pit, outdoor kitchen with BBQ, overhead heaters, and multiple seating areas—perfect for enjoying the coastal climate. The primary suite is a serene retreat, complete with a private balcony, walk-in closet, and spa-like bath finished in elegant Taj Mahal leathered stone. Three bedrooms reside upstairs, while two additional bedrooms, an office, powder room, and two full baths on the main floor provide flexible living options. Additional features include a laundry room, home gym, Savant smart home system, wine fridge, and a three-car garage with ample driveway parking. Just minutes from the beach, Back Bay trails, Fashion Island, and top rated schools, The Mesa Estate offers an unparalleled blend of modern design and relaxed coastal living.
| |||
| May 24, 2025 | Listed | $5,995,000 | |
| Listed | |||
| | |||
|
Set within a tranquil equestrian neighborhood overlooking Newport’s Back Bay, The Mesa Estate embodies refined craftsmanship and effortless luxury. Crafted by Burkhart Construction and designed by Grace Blu, this 3,585-square-foot residence offers a seamless blend of sophisticated indoor-outdoor living. Soaring 20-foot+ ceilings and bold architectural lines welcomes you, while expansive windows and La Cantina sliding glass doors seamlessly dissolve the boundary between interior and exterior, flooding the space with natural light. The chef’s kitchen is a masterpiece of style and function, featuring leathered quartzite countertops and professional Wolf appliances, including a six-burner range with an infrared griddle. Designed for both entertaining and relaxation, the private backyard boasts a pool and spa, covered dining, fire pit, outdoor kitchen with BBQ, overhead heaters, and multiple seating areas—perfect for enjoying the coastal climate. The primary suite is a serene retreat, complete with a private balcony, walk-in closet, and spa-like bath finished in elegant Taj Mahal leathered stone. Three bedrooms reside upstairs, while two additional bedrooms, an office, powder room, and two full baths on the main floor provide flexible living options. Additional features include a laundry room, home gym, Savant smart home system, wine fridge, and a three-car garage with ample driveway parking. Just minutes from the beach, Back Bay trails, Fashion Island, and top rated schools, The Mesa Estate offers an unparalleled blend of modern design and relaxed coastal living.
| |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Property Highlights
Building Info
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Price/ft²
Listed On
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About Newport Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017