31824 SEAFIELD 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 |
|---|---|---|---|
| May 2, 2025 | Listed | $19,995,000 | |
| Listed | |||
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HOW DO YOU WANT TO LIVE?* Commanding sweeping ocean vistas from nearly every room, this extraordinary blufftop estate in Malibu blends refined modern living with serene coastal luxury. Conceived by acclaimed architect Doug Burdge and built to exacting standards by Scott Halley, the residence is a fully realized vision of elegance and sophistication enhanced by a rare additional parcel and direct stair access to one of Malibu's most coveted beaches, just past Lechuza Point. Impeccably upgraded with state-of-the-art audio/visual and security systems, the home offers effortless comfort and advanced functionality throughout. The property may also be sold fully furnished, offering a truly turnkey experience. The main level features a spacious step-down living room with fireplace, an open dining area, and a versatile office or music room, all oriented to capture the dramatic ocean views. A huge deck off the living room includes a spa and BBQ, perfect for entertaining or relaxing above the coastline. The gourmet kitchen, equipped with top-tier appliances, opens to a second generous deck with stair access to the lush garden terraces below. Nearly every room on this floor enjoys breathtaking views of the Pacific. A dramatic open staircase leads to the expansive top-floor primary suite, a private retreat with panoramic coastline views, a spa-like bath, and a massive walk-in closet. Two additional large bedroom suites complete the upper level, each offering their own stunning outlooks and luxurious finishes. On the lower level, a sleek media and game lounge is complemented by a Sub-Zero wet bar and a temperature-controlled wine cellar. Two additional guest suites complete this floor, providing comfort and privacy for family or visitors.The outdoor spaces are designed for both relaxation and connection to nature, with beautifully landscaped gardens, multiple lounging and dining areas, and an outdoor shower, ideal after a day on the sand. A rare opportunity to own a turnkey bluff estate in one of Malibu's most desirable settings. *See agent remarks.
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| Jul 12, 2019 | Sold | ||
| Sold | |||
| Feb 8, 2019 | Listed by The Agency | $15,950,000 | |
| Listed by The Agency | |||
Property Highlights
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About Western Malibu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017