3 Strand Beach 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 |
|---|---|---|---|
| May 18, 2021 | No longer available | - | |
| No longer available | |||
| Jul 31, 2020 | Listed | $15,299,000 | |
| Listed | |||
| | |||
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Will it be a contemporary masterpiece that stands the test of time? Perhaps a grand Mediterranean-inspired estate that blends the best of classic architecture with modern amenities. Or maybe it will portray the traditional residence of your dreams. The choice is all yours at Dana Point’s exclusive guard-gated community of The Strand at Headlands, where this exceptionally special oceanfront homesite is one if the last of its kind to be offered in Orange County. Set right at the edge of the sand, the cul-de-sac site measures approximately 140' deep by 70' wide, with about 4,339 of its 10,150 square feet available for crafting a completely custom home on the beach. The expansive lot is close to the historical Headlands of Dana Point, and, given its rarity, is destined to sell quickly. Residents of The Strand enjoy the rewards of living in Orange County's last new seaside neighborhood. Exclusive benefits are led by a private oceanfront beach club, the stunningly beautiful Strand Beach, 70 acres of preserved open space, 3 miles of meandering coastal trails, and a setting near fashionable shopping and restaurants. Outstanding schools for all grade levels are close by, and the lavish Ritz-Carlton and Monarch Beach resorts are just around the corner. Opportunities like this come but once in a lifetime...don’t let it pass you by.
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| Dec 27, 2017 | Sold | ||
| Sold | |||
| Aug 25, 2017 | Listed by The Strand Realty | $13,250,000 | |
| Listed by The Strand Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017