2719 Shell Street
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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.
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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 23, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | Listed by Compass | $12,600,000 | |
| Listed by Compass | |||
| Jan 4, 2024 | No longer available | - | |
| No longer available | |||
| Aug 1, 2023 | Listed by Compass | $13,995,000 | |
| Listed by Compass | |||
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Among the rarest of the rare in Corona del Mar, this magnificent New England Coastal-inspired estate offers one of the most coveted locations along Orange County’s coast. Nestled directly on the water overlooking Newport Bay’s channel, the sought-after Shell Street residence was designed by award-winning Brion Jeanette Architecture, built by renowned Tony Valentine Construction, and affords priceless ocean, beach, jetty and sunset views that are complemented by the beauty of passing sailboats and impressive yachts. A spacious stone terrace is poised to maximize views and generously accommodates outdoor entertaining with ample room for dining and a custom built-in BBQ. The property was once the site of the famed China House, which overlooked the entrance to China Cove. French doors open the terrace to the home’s bright and welcoming interior, which extends approximately 4,040 square feet and presents four bedrooms and four- and one-half baths. The main level showcases a fireplace-warmed living room and an elegant dining room that are embraced by large windows to take full advantage of harbor and ocean views that come alive after sunset with shimmering evening lights. A fully appointed chef’s kitchen is the heart fo the home, and the top-level primary suite features a large bay window and a view balcony. Every detail has received special attention, including wood floors, custom crown molding, handcrafted millwork, custom window treatments and stylish lighting fixtures. Curb appeal is unmatched, with classic seaside architecture enhancing a column-lined covered entry porch, handsome brickwork and access to a subterranean garage. Limited to just a few stunning residences, Shell Street is close to Corona del Mar’s main beach, village shops and restaurants, golf at Pelican Hill and high-end shopping at Fashion Island. Outstanding schools serve the community, and miles of beaches and gorgeous coves extend to the north and south. The manager has listed the unit size as 4040 square feet.
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| Jul 16, 2023 | No longer available | - | |
| No longer available | |||
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About Corona del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017