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23449 Sandstone
About This Property
Designed for both everyday living and entertaining, the home features generous living spaces, abundant natural light, and a functional floor plan that offers flexibility for families of all sizes. The southeast-facing orientation fills the home with morning sunlight while creating a bright, inviting backyard.
The oversized backyard is one of the property's standout features, offering a pool and spa, fire pit, built-in BBQ with bar seating, expansive lawn areas, and mature landscaping-providing plenty of space to entertain, relax, or enjoy time with family and friends.
Residents enjoy exclusive Lake Mission Viejo membership with access to private beaches, boating, fishing, summer concerts, and year-round community events. Combined with Stone Ridge's gated setting, nearby parks and hiking trails, and access to highly regarded schools, this home offers a rare opportunity to own one of the community's largest floor plans on one of its largest lots, all within one of Mission Viejo's most desirable 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 5, 2026 | Sold | ||
| Sold | |||
| Jul 9, 2026 | In contract | - | |
| In contract | |||
| Jun 22, 2026 | Listed by Coldwell Banker Realty | $2,895,000 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017