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28823 Cliffside Drive
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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 |
|---|---|---|---|
| Jun 1, 2026 | Sold | ||
| Sold | |||
| Apr 21, 2026 | Listed by Compass | $34,500,000 | |
| Listed by Compass | |||
| Jul 15, 2024 | Sold | ||
| Sold | |||
| May 3, 2024 | Listed by Compass | $35,000,000 | |
| Listed by Compass | |||
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This gorgeous Point Dume gated compound with Little Dume/Riviera III beach key plus a private, gated path that leads to the beach, sits on more than 1.5 acres. Newly renovated, elegant, and ultra-private, this beautiful home is ideal for indoor-outdoor living and entertaining. At the heart of the house is an enormous great room with wood floors, high, wood-beamed ceilings, and a beautiful piano. This handsome room includes a living area, with gas/wood fireplace and built-in bookshelves, a dining area, and a gracious country kitchen with high-end appliances, large island, wood-burning pizza oven, dry-bar with ice machine, and butler's pantry with an additional pantry room. A wall of French doors open onto a huge flagstone patio. Off the great room, a family room doubles as a projection room, with blackout curtains over doors opening to the pool/spa terrace. A hallway with a window seat leads to the bedroom wing, where four bedrooms include two that share a bath, another en-suite, and the lovely owner's hideaway, which has a sitting area with a fireplace, a window seat looking out to the pool, double large closets, generous bookshelves, an office area, and a luxurious bathroom with freestanding tub, double-headed shower, double vanity, huge walk-in closet, and a wall of ocean-view windows. French doors open to a patio and lawn. Upstairs is an additional sleeping area with sitting area, fireplace, bathroom, and private deck with ocean views. The impressive grounds invite relaxation and grand hospitality. Features include a waterfall grotto pool/spa with a slide, sauna, outdoor kitchen and barbecue, large covered dining/sitting area with outdoor heaters and fireplace, flagstone patio with a fountain, sitting area with a fire pit, and extensive lawns. The yard is beautifully landscaped with fruit and other trees, and paths lead through the terraced plantings, including a vegetable garden. The outside space can also provide the opportunity to lodge chickens. There are two guest accommodations. The guest house is complete with sitting area with kitchenette, bedroom with fireplace, bathroom, walk-in closet, and a door to the patio and pool. A separate guest suite above the garage includes a great room with kitchenette, bedroom, bathroom, and French doors to a huge dining/sitting deck with ocean views. The property has garage parking for six cars and ample guest parking. Right along this exclusive beach path sits the surfboard shack, strategically positioned for maximum convenience. This is an exceptional home of rare size and quality created for the quintessential Southern California lifestyle. Yearly beach key fee.
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About Central Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017