23841 Marmara Bay
About This Property
A rare opportunity to own a pristine, single-level garden home in the prestigious Niguel Shores community. This 3-bedroom, 2-bathroom residence spans approximately 1,760 square feet and offers a seamless blend of indoor and outdoor living spaces.
The front yard is framed by lush trees and thoughtfully designed landscaping, creating privacy and a tranquil ambiance. Inside, the living room features soaring ceilings, a cozy fireplace, and sliding glass doors that open to the front yard and back patio, enhancing the indoor-outdoor flow. Adjacent to the living room is a charming nook with courtyard views, perfect as a dining area or workspace.
The kitchen is equipped with stainless steel appliances, including a six-burner gas stove, refrigerator, microwave, and dishwasher. Ample counter space, a breakfast bar, and access to the private courtyard enhance its functionality. A light-filled dining nook connects to the attached garage, adding convenience.
The third bedroom, currently used as a den, features a sliding door to the courtyard, making it ideal as an office or guest room. The secondary bedroom offers serene courtyard views and is adjacent to a newly remodeled guest bathroom with modern finishes and a walk-in shower.
The spacious primary suite is a true retreat, with a sliding door to the covered patio and a walk-in closet partially converted into an office. The en-suite bath includes dual separated vanities, a soaking tub, and a walk-in shower. The adjoining brick-paved courtyard, with strategic landscaping and a partially covered patio, offers an ideal space for relaxation.
This home is just steps from the Niguel Shores clubhouse, featuring a pool, spa, tennis, and pickleball courts. The private bluff provides breathtaking views and direct access to The Strand Beach. Located near world-class resorts, golf courses, Salt Creek Beach, and downtown Dana Point, this property offers a lifestyle of luxury, convenience an walkability.
Discover this impeccably maintained home in one of the most sought-after coastal communities.
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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 |
|---|---|---|---|
| Feb 3, 2025 | Sold | ||
| Sold | |||
| Jan 7, 2025 | Listed by First Team Real Estate | $2,475,000 | |
| Listed by First Team Real Estate | |||
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About Dana Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017