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250 Esplanade
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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 |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| May 24, 2025 | In contract | - | |
| In contract | |||
| Feb 20, 2025 | Listed by Inhabit Real Estate | $5,895,000 | |
| Listed by Inhabit Real Estate | |||
| | |||
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Just two homes from the ocean, this custom estate by architect Michael Luna showcases architectural refinement, superior craftsmanship, and coastal luxury. Engineered for longevity, it is supported by 42 caissons, ensuring a lasting foundation atop its coveted location. Overlooking T-Street Beach and the scenic beach trail, it offers breathtaking, unobstructed views of the Pacific, Catalina Island, and the San Clemente Pier—a front-row seat to golden sunsets and rolling waves. Beyond its gated entry, a travertine courtyard introduces the stately façade, where handcrafted ironwork, arched doorways, and Mediterranean details evoke timeless elegance. Inside, soaring ceilings, travertine flooring, and curated stonework are bathed in natural light from expansive windows and French doors. Designed to maximize panoramic views, this 4,035 square foot residence seamlessly blends indoor sophistication with exceptional outdoor living. Multiple ocean-facing terraces, both covered and open-air, offer a coastal experience from sunrise to sunset. The great room, anchored by a statement fireplace, extends onto a covered balcony with a fireplace and lounge seating, creating a tranquil retreat with endless ocean vistas. A separate terrace provides sunlit spaces for al fresco dining or unwinding to the sound of waves. At the heart of the home, the gourmet kitchen is a culinary haven featuring top-tier appliances, an oversized island, and custom cabinetry. Designed for effortless entertaining, it flows into the dining area and outdoor terraces, where ocean views create an unforgettable ambiance. Each of the five en-suite bedrooms is a private retreat showcasing bespoke finishes, custom millwork, and spa-like baths. The primary suite is the pinnacle of indulgence, positioned to capture sweeping ocean vistas. Step onto your private balcony, where salt air and rolling waves provide a serene escape. The spa-inspired bath features a soaking tub, steam shower, dual vanities, and a walk-in closet with custom built-ins. Amenities include a built-in surround sound system, dumbwaiter, whole house water filtration and three-car garage, ensuring comfort and convenience. Thoughtfully designed for coastal luxury, this residence is more than a home—it’s a sanctuary where indoor and outdoor spaces harmonize with the Pacific. Moments from San Clemente’s pier, Historic Del Mar, and miles of recreation, this estate is a rare opportunity to own a premier piece of California’s coastline.
| |||
| Jul 13, 2018 | Sold | ||
| Sold | |||
| Jan 24, 2018 | Listed by Keller Williams OCC Realty | $3,999,000 | |
| Listed by Keller Williams OCC Realty | |||
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About San Clemente
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017