Perched on one of the most coveted parcels in the guard-gated
community of Crystal Cove, 24 Scenic Bluff offers an extraordinary
coastal retreat defined by unobstructed, front-row Pacific Ocean
views. Spanning 5,251 square feet of primary single-level living,
this freshly renovated residence pairs sleek modern luxury with
timeless Spanish Colonial architectural charm. A gated double-door
entry welcomes you into a private central courtyard anchored by an
outdoor fireplace, setting an inviting tone for intimate gatherings
or peaceful morning coffee. Beyond the entry, high beamed ceilings,
luxury flooring, and newly installed floor-to-ceiling glass doors
draw the eye straight to the horizon. Every core living space,
including the formal living room, family room, dining area, and
sunlit breakfast nook, is positioned to maximize the mesmerizing
270-degree ocean views. Designed with both scale and comfort in
mind, all main accommodations rest conveniently on the primary
level. The sprawling primary suite is a private sanctuary featuring
sweeping ocean vistas, direct outdoor patio access, a newly
upgraded custom walk-in closet, and a luxurious spa-bath. A hidden
spiral staircase within the suite ascends to a dedicated
upper-level office or reading room. Three additional en-suite
bedrooms and a separate main-floor study complete the primary
floor. Adding to the home's rare versatility are two unique
architectural extensions. An entry-level staircase leads to a
private second-story den with a viewing balcony, while lower-level
stairs guide you down to a subterranean wine cellar and custom
media room that is ideal for a private entertainment lounge.
Outdoors, the resort-caliber grounds feature an infinity-edge pool
framed by majestic palm trees, expansive green lawn areas, and a
pergola-covered outdoor barbecue lounge designed for effortless
entertaining against breathtaking ocean sunsets. While the estate
is completely move-in ready with brand-new finishes throughout, it
also presents exceptional future upside. Customized architectural
plans created by the previous owner are available, offering
significant expansion potential to create a considerably larger
interior and a built-out second floor if desired. 24 Scenic Bluff
represents a remarkable panoramic ocean view estate in Newport
Coast's most prestigious enclave, located just minutes from
world-class dining, luxury shopping, and pristine beaches.
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.
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