31630 Sea Level Drive
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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.
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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 |
|---|---|---|---|
| Aug 23, 2024 | Sold | ||
| Sold | |||
| Mar 14, 2024 | Listed by The Agency | $10,750,000 | |
| Listed by The Agency | |||
| Jan 24, 2024 | No longer available | - | |
| No longer available | |||
| Sep 30, 2023 | Price Decreased |
$11,750,000
↓ $750K
(6%) | |
| Price Decreased | |||
| Sep 3, 2023 | Listed by Compass | $12,500,000 | |
| Listed by Compass | |||
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With just 37 homes, private, gated Sea Level Drive is one of Malibu's most desirable addresses. Elegant contemporary design, spectacular open spaces, and non-stop ocean views work together perfectly to create an ambiance of luxury and serenity in this remarkable Sea Level Drive estate. Built on four floors, with an elevator, the home's harmonious design features ocean-view terraces on two levels plus an enormous rooftop terrace complete with 360-degree views, a tiled spa, and ample room for dining, lounging, whale watching, and star gazing. Set behind gates, with a two-car garage, mechanical room, laundry, bath, and outdoor shower on the lowest level, the home's entry faces a wide, sunny courtyard with ocean views and ample room for entertaining. Within, the foyer reveals the dramatic living/dining great room with soaring ceilings, wraparound glass, an expansive wet bar with view seating, a fireplace, and a seamless glass opening onto an oceanfront terrace. The kitchen, several steps down from the dining area, is sleek and sensational in black and white, with a huge island with bar seating, top-quality appliances, a walk-in pantry, a work desk, and a breakfast area with ocean views. On the upper floor, there are four en-suite bedrooms, including the majestic primary suite, complete with an oceanfront terrace, fireplace, wet bar, automated window coverings, large closet, and a gorgeous marble bath with a fireplace. In addition to the home's beach frontage, the property includes a beach lot immediately adjacent. From the side of the house, steps lead down to the sand and the pristine beach. This is an exceptional property in an exceptional location. Available for lease for $50,000 per month, one year lease minimum and/or 'long term' only. The manager has listed the unit size as 3938 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017