32532 Seven Seas 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%.
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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 |
|---|---|---|---|
| Feb 18, 2024 | No longer available | - | |
| No longer available | |||
| Dec 28, 2023 | Relisted | $6,275,000 | |
| Relisted | |||
| Dec 20, 2023 | No longer available | - | |
| No longer available | |||
| Nov 28, 2023 | Listed by Smart Real Estate Solutions | $6,275,000 | |
| Listed by Smart Real Estate Solutions | |||
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The Ocean view home you’ve been waiting for!
This newly built, mid-century modern, custom single level, located in Monarch bay Terrace was designed and built with the utmost attention to detail and high standards.
As you enter through the custom, oversized Mahogany, Pivot door, the open floor plan with large picture windows and high ceilings provide the ideal light and stunning, colorful Ocean, Catalina and sunset views.
The open kitchen concept features a large kitchen Island with Quartzite countertop and Walnut veneer sides, designer “Dacor" brushed stainless appliances which includes the 42”, four-door “FreshZone" plus French door refrigerator, dishwasher, 6 burner gas convection stove/oven, a microwave and warming drawer, electronic window shades, designer light fixture's and lutron lighting system throughout the home.
The oversized ocean view Living room feature's luxurious carpeting, a limestone wall, custom mantel fireplace as well as an ocean view outdoor patio.
Wide plank, “bleached oak colored” porcelain tile flooring throughout compliments beautifully, the light and bright artistic vibe of the home as well as the marble and stacked stone details in the various bathroom designs.
The Master suite features a remote controlled TV that opens from the ceiling to allow both entertainment and ocean views as well as a custom beveled mirrored wall, sitting area and sliding glass doors, opening to the ocean view patio.
The highly upgraded master bath with large soaking tub and separate shower with Brizo fixtures provides for the stay at home spa experience.
The home also features a whole house fire suppression system, Marantz Sound system w ceiling speakers indoor & out, 10” Sub Woofer & HEOS App all powered Via Marantz AV receiver/ Rack system.
Nest temperature control, automatic window screens and a Life Source, whole house Water filtration system.
Also, AC stacked units, Ring security system w 5 hardwired cameras/one wireless & ADT alarm system. All closets are California Custom systems, covered patio w sliding glass doors & an Alfresco "42” built in Grill w “Sear Zone” for a true Chef’s performance.
3 car garage and motor court sits off the covered patio area and is secured by remote controlled driveway gate.
Manicured/ landscaped back yard is ideal for pet owners, however New Plans for a complete backyard design featuring cabana, pool, spa & ocean view deck are completed & will be shared with the buyer, pending HOA approvals are imminent. The manager has listed the unit size as 3014 square feet.
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| Feb 17, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017