34092 Formosa Dr
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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 |
|---|---|---|---|
| May 4, 2026 | Sold | ||
| Sold | |||
| Apr 9, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Listed by Strata Property Solutions Inc. | $1,595,000 | |
| Listed by Strata Property Solutions Inc. | |||
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Fully reimagined from the inside out, this Dana Point coastal cottage pairs magazine-worthy design with an equally impressive, ground-up systems renovation. Behind its fresh coastal façade and sun-drenched interiors lies a home renewed for lasting comfort, efficiency, and peace of mind.
Inside, the single-level layout unfolds with natural light, beamed ceilings, and warm wood tones that create an atmosphere of effortless California living. The living room’s inviting fireplace and airy flow lead into a custom-designed kitchen where oak cabinetry, marble-inspired surfaces, brass accents, and artisan lighting blend effortlessly into a timeless aesthetic. Each of the two bedrooms offers its own retreat, complemented by beautifully finished bathrooms with spa-like detail.
Beyond the surface, every core system has been meticulously upgraded—from a full electrical rewire and new 200 AMP main panel to a brand-new HVAC system, ductwork, and roof venting. The home also features a full repipe with new drain lines, a tankless water heater, and updated gas lines supporting the stove, furnace, and outdoor amenities. Modern conveniences such as outdoor speaker wiring, Tesla charging capability, and weather-protected outlets add thoughtful touches of luxury.
Outdoors, a private, fenced patio extends the living space and invites gatherings with built-in seating and a cozy fire feature. An outdoor shower enhances the beach-town convenience.
Ideally situated just minutes from Dana Point Harbor, beaches, and the Lantern District’s restaurants and shops, this turnkey home blends refined design, structural integrity, and true coastal ease—all in one beautifully complete package.
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| May 2, 2018 | Sold | ||
| Sold | |||
| Mar 16, 2018 | Listed by Source California Realty | $799,000 | |
| Listed by Source California Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017