1
Map
3187 17 Mile Drive
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 8, 2024 | Relisted | $18,900,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 4, 2024 | Listed | $18,900,000 | |
| Listed | |||
| | |||
|
Located on Pebble Beach's renowned 17-mile drive near the world-famous Lone Cypress, this breathtaking estate on 2.6 private acres includes an impressive list of luxuries and the highest quality materials and construction. The modern Mediterranean home faces southwest, allowing natural light to spill through floor-to-ceiling windows and expansive outdoor living spaces to watch the sunsets. Highlights include 5 bedrooms with a luxurious primary suite, 5 full/2 half bathrooms, a full guest /caretaker's apartment with its own private parking and keyed entrance, a putting green, 9 custom stone fireplaces, soaring ceilings with exposed beams, a gourmet kitchen with breakfast bar/island and 2 Bosch French door wall ovens, elevator access to all 3 floors, AC and full house generator, bonus rooms, a smart home system, and beautiful filtered ocean views throughout most of the home. With ~10,000 SqFt of comfortable living space, this is a rare offering for turnkey, modern living in Pebble Beach.
| |||
| Apr 2, 2021 | Sold | ||
| Sold | |||
| Nov 18, 2020 | Listed by Carmel Realty Company | $11,950,000 | |
| Listed by Carmel Realty Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017