3 Mainsail Drive
About This Property
From the moment you enter, you'll be captivated by the elegance of this home. Custom windows flood the space with natural light, while a lushly landscaped courtyard and custom fountain create a serene outdoor retreat. The third bedroom, currently utilized as a media room/office with a 55" Sony Flat Screen Panel TV, can easily be converted back to a bedroom if needed.
The gourmet kitchen is a chef's delight, featuring state-of-the-art stainless steel appliances and stylish finishes. Distressed wood flooring throughout adds a touch of rustic charm, while the master bath is elegantly appointed, and the master retreat is perfectly positioned to take advantage of the peek-a-boo ocean vista.
The community offers a 24-hour manned gate, clubhouse, pools, spas, tennis courts, and miles of walking paths through winding greenbelts on this 85-acre resort. This home combines generous square footage with a decorator-perfect design, making it a true gem. Some furnishings are available for purchase, adding to the ease of transition to your new beachside lifestyle.
This property offers gracious beach living at its finest. Located just minutes from Fasion Island, Corona Del Mar Village, and the beach. Don't miss the opportunity to call this stunning home yours-schedule a showing today!
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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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 29, 2025 | Sold | ||
| Sold | |||
| Dec 28, 2024 | In contract | - | |
| In contract | |||
| Nov 22, 2024 | Relisted | $2,350,000 | |
| Relisted | |||
| Nov 7, 2024 | In contract | - | |
| In contract | |||
| Nov 1, 2024 | Price Decreased |
$2,350,000
↓ $199K
(7.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017