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2928 Ocean
About This Property
A substantial stainless steel entry door introduces the home's striking sense of arrival, where a sculptural marine-grade stainless steel staircase, framed by Starphire ultra-clear glass floor panels, becomes the centerpiece of the residence. Light moves beautifully through the home, enhancing the scale, volume, and artistry found throughout all three levels.
Designed for both elevated everyday living and exceptional entertaining, the home is connected by a custom Italian-made elevator and offers a seamless blend of sophistication, comfort, and function. The main level features expansive ocean views, an open great room, a chef's kitchen, a private office, and thoughtfully designed guest accommodations. The subterranean level creates a private retreat of its own, complete with a media room, wine room, game room, and spa-inspired fitness area.
The second level is anchored by a remarkable primary wing, showcasing panoramic Pacific Ocean views, vaulted ceilings, and a floor-to-ceiling classic modern marbled fireplace that adds warmth and architectural presence. The suite also features dual full baths, custom closets imported from Germany, a private balcony, and refined finishes throughout. Three additional en-suite bedrooms complete this level, each designed with the same level of care and attention. Above it all, an expansive rooftop terrace with an outdoor kitchen captures approximately 270-degree views, creating an extraordinary setting for dining, entertaining, or simply taking in the coastline.
Beyond the residence itself, the location is one of its most compelling attributes. Set within Corona del Mar Village, 2928 Ocean Blvd offers effortless access to some of Orange County's most sought-after restaurants, cafes, boutiques, beaches, and coastal amenities. From morning coffee and village dining to nearby world-class beaches, yachting, golf, and the best of coastal Newport Beach living, the property offers a lifestyle that is both refined and deeply connected to its surroundings.
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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 |
|---|---|---|---|
| Jun 3, 2026 | Listed by Luxe Real Estate | $39,995,000 | |
| Listed by Luxe Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017