32491 Seven Seas 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.
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 |
|---|---|---|---|
| Mar 25, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Listed by Compass | $5,699,000 | |
| Listed by Compass | |||
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Coastal Elegance Meets Modern Luxury in Monarch Bay Terrace
Perched in the prestigious enclave of Monarch Bay Terrace, this exquisitely designed single-level ranch-style residence epitomizes refined coastal living. With four spacious bedrooms, three luxurious bathrooms, and a dedicated home office, this private sanctuary blends timeless architecture with modern sophistication—all set against a backdrop of sweeping ocean views.
Enjoy panoramic Pacific vistas from all main living areas and the serene master suite, where rich hardwood walnut floors run throughout the home, grounding each space in warmth and refinement. Retractable awnings and electronic vanishing screens soften indirect sunsets and offer effortless transitions between indoor comfort and outdoor splendor. Designed for seamless flow, the virtually stepless floor plan invites gentle ocean breezes and natural light into every corner of the home.
The fully usable, secure flat lot is a rare gem in the community. Anchored by a state-of-the-art saltwater pool shored up on a concrete foundation, the outdoor living space has been intelligently crafted to maximize both utility and luxury. A detached cabana—fully outfitted for year-round comfort—offers a shaded retreat, while built-in storage discreetly supports the wraparound putting green and manicured grounds.
Mature citrus trees grace the inland side of the home, complementing a fully equipped outdoor bar and grilling area that faces the ocean—perfect for entertaining with style and ease. Advanced 360-degree remote surveillance ensures total peace of mind, while smart design touches throughout the home reflect a commitment to elegance, innovation, and resort-caliber living.
Every inch of this extraordinary home has been meticulously curated to deliver the ultimate in privacy, comfort, and coastal sophistication.
| |||
| Aug 28, 2025 | Price Decreased |
$5,995,000
↓ $295K
(4.7%) | |
| Price Decreased | |||
| Jul 3, 2025 | Price Decreased |
$6,290,000
↓ $500K
(7.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017