There are homes with ocean views and then there are homes where the
ocean becomes part of everyday life. Set within the coveted, guard
gated Three Arch Bay community, 33 Bay Drive is one of only seven
residences among 507 homes with direct access to the sand. An
extraordinary distinction that places this oceanfront property in a
category of its own. Following a meticulous three year renovation,
completed in 2024, the home was intentionally designed to embrace
open, effortless living and the restorative qualities of its
coastal setting. Natural light, ocean air, transitional indoor
outdoor spaces and a constant connection to the Pacific create an
environment where wellness is woven naturally into daily life. From
first light barefoot walks on the sand, to ocean swims, quiet
moments in the sun and evenings lulled by the sound of the waves.
Expansive floor to ceiling glass frames the dramatic coastline,
iconic arches and ever changing skies. The truest form of natural
art in motion. Mornings arrive in soft coastal light, afternoons
stretch across brilliant blue water, and sunsets transform the
horizon into vibrant arrays of color. The undeniable aroma of salty
air, coastal sage and the freshness of the Pacific become common
place. Welcoming the outside in and immersing oneself in the
elements. Coffee is shared with the sunrise, lunch overlooking the
water, cocktails as the sun disappears beyond the horizon and
dinner shared with friends as the ocean continues its timeless
rhythm. This 4 bedroom, 6 bathroom home was recently reimagined
with an emphasis on refined coastal living. The approximately 5,072
square foot residence is designed to blur the distinction between
indoors and out, with soaring ceilings, skylights, expansive glass
and thoughtfully curated finishes. Full length balconies on all
three floors maximize the viewing experience, while the greatest
privilege is stepping directly onto your private beach. Swim before
breakfast, explore the shoreline at low tide and watch the pelicans
as they float by in formation. A life lived barefoot, sun kissed
and centered. At 33 Bay Drive, the scenery is not simply something
you see. It is something you hear, feel, smell, taste and live
every day. One of only seven and one extraordinarily rare
opportunity to call this private slice of paradise home.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017