237 Evening Canyon
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 26, 2025 | Listed by Coldwell Banker Realty | $17,000,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 7, 2022 | No longer available | - | |
| No longer available | |||
| Jun 8, 2022 | Price Decreased |
$5,995,000
↓ $1M
(14.3%) | |
| Price Decreased | |||
| May 4, 2022 | Listed by Pinpoint Properties | $6,995,000 | |
| Listed by Pinpoint Properties | |||
| | |||
|
Few will experience canyon-front living along the natural seaside bluffs of Corona del Mar. This unique opportunity offers the ideal site for an architecturally significant ocean view estate. Seller is conceptualizing a spacious 5 bedrooms, gym, theater, and all the most preeminent aspects of modern luxury. Thoughtful details are proposed to include a separate his and hers oversized closet, temperature-controlled wine wall, pet washing station, elevator to all three levels and a rare four car garage. The outdoors affords space for an infinity edge lap pool, spa, fire pit, 400 square foot rooftop deck, and plentiful balcony space to enhance outdoor living and entertainment. A perfect juxtaposition of ocean views, lush nature preserves and the peaceful sound of wave-break are what make this seaside location so desirable. Over 18,000 square feet of lot space extends into the beautiful Buck Gully canyon overlooking Little Corona Beach. The Shore Cliffs community showcases picturesque tree-lined streets, private beach entry gates and daily walkability to charming restaurants and shops within the Corona del Mar village. The manager has listed the unit size as 7200 square feet.
| |||
| Jul 9, 2017 | Listed | $3,895,000 | |
| Listed | |||
| | |||
|
With its property lines extending down into the natural coastal canyon of Buck Gully, this is the first lot location, closest to the ocean on the canyon side of Evening Canyon Road, that allows for the development of a two story above street level, 24' above grade height new construction home, as allowed by the community of ShoreCliffs CC&Rs. ShoreCliffs is arguably the most sought after community within Corona del Mar offering gated entry to spectacular beaches, coral tree-lined wide streets and beautiful homes, all within a short and easy walk to the downtown CDM village area with its wide collection of restaurants, shopping and entertainment. Development opportunities in the ShoreCliffs community are becoming rare as many homes have been recently rebuilt since the community took shape originally in the 1940s. With its canyon location and large 18,400+ sq ft lot, this prime property with great ocean view potential from a second story combines a unique natural wildlife environment complemented by the lulling sound of the ocean surf in a convenient urban setting. The current structure has seen its better days. The property will be sold As-Is for lot value and is not suitable for a remodel. Bring your builder and architect with you when viewing the property. Proceed with caution upon entry into the property as there is substantial dry rot. The canyon vegetation can also be slippery. The property falls under the Coastal Exclusion Zone. Red lines outlining lot on photos approx.The manager has listed the unit size as 1774 square feet.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017