$6,600,000
●
House -
Off Market
2936 Cliff Drive
Newport Beach, CA 92663
5 Beds
5 Baths,
1
Half Bath
5,907 Ft²
$11,126,578
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
New Construction Newport Heights. Breathtaking views, on a quiet
secluded wide street, walking distance to restaurants and shops, 5
minutes to Lido Marina, Fashion Island and freeways. Over 7500
square feet of Open Concept true "Indoor/Outdoor Living" with
five bedrooms, five and one-half bath, two fireplaces, three car
garage, elevator, walk-in wine cellar, office/bonus room, and a 628
Square foot rooftop deck with Panromantic Views of Lido Isle,
Newport Coast, Mountains, and Newport Bay. 5-minute
walk to your local coffee shop, boat dock, and retail shopping.
Oversize master bathroom with Ocean views - his/her showers and
toilets. Watch endless sunsets from your front patio,
kitchen, master bedroom, rooftop deck, and office downstairs.
Minutes away from the Bay, Beach and the Boardwalk. Home will be
staged/completed in Aug
Unit Size
5,907 Ft²
Days on Market
118 days
Land Size
0.14 acres
Price per sqft
$1,185
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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%.
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #NP17149546)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2017 | Sold | ||
| Sold | |||
| Jul 1, 2017 | Listed by Coldwell Banker Res. Brokerage | $6,999,999 | |
| Listed by Coldwell Banker Res. Brokerage | |||
Property Highlights
Elevator
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Beach
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Listed by: Brian Liberto, Coldwell Banker Res. Brokerage
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP17149546
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP17149546
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