32671 Mediterranean Drive
About This Property
The expansive floor plan showcases panoramic ocean views from the living room, dining area, and outdoor spaces, creating the perfect backdrop for everyday living and entertaining. The oversized living room, with its vaulted ceilings, cozy fireplace, and wet bar, flows seamlessly to the outdoors-ideal for hosting sunset gatherings.With 3 bedrooms plus an oversized office/bonus room or 4th bedroom, the layout offers both flexibility and privacy. The primary suite features a spa-inspired en-suite with dual vanities, soaking tub, walk-in shower, and cedar-lined walk-in closet. A secondary en-suite bedroom is perfect for guests, while the third bedroom enjoys a nearby full bath. The kitchen, complete with a charming breakfast nook, spacious pantry, and plenty of counter space, offers coastal views to start your mornings. Additional highlights include a laundry room, central heat and A/C, and a spacious garage. Positioned on a private, single-loaded street just minutes from the beach, dining, and shopping, this home is a true coastal sanctuary ready for your personal touch.
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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%.
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 |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Listed by Bullock Russell RE Services | $4,200,000 | |
| Listed by Bullock Russell RE Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017