3 Shoreline Drive
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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 |
|---|---|---|---|
| Sep 17, 2020 | Sold | ||
| Sold | |||
| Jan 30, 2020 | Listed by Compass | $2,695,000 | |
| Listed by Compass | |||
| Jan 11, 2020 | No longer available | - | |
| No longer available | |||
| Aug 2, 2019 | Listed | $2,695,000 | |
| Listed | |||
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Located in the private, gated community of The Strand at the Headlands, this elevated front-row custom home site in the ‘South Strand’ offers dazzling vistas. Featuring an exceptional elevation and positioning, and with no rooftops in the immediate foreground, this oversized parcel comes with conceptual plans by the acclaimed architectural designer Geoff Sumich for a spacious, light, modern, and exceptionally sophisticated "couples home". This design features a striking forecourt, pool and gardens, as well as an elevated main structure that feels aloft over the coast. The Strand at the Headlands is the most desirable new oceanfront development in Southern California and is already home to many of this coast’s most impressive new custom estates. Enjoy The Strand’s private oceanfront beach club which features an array of amenities including a pool, spa, bar & lounge area, and fitness center. The Strand is minutes from Laguna Beach and many of Orange County's finest recreational amenities, restaurants, shopping, schools, resorts, business districts, and John Wayne Airport. This is the best value for a custom lot in a gated community in Orange County.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017