343 Serpentine 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.
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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 |
|---|---|---|---|
| Aug 28, 2026 | Sold | ||
| Sold | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 30, 2026 | Listed by Coldwell Banker Realty | $6,450,000 | |
| Listed by Coldwell Banker Realty | |||
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Adjoining 343 Serpentine Drive, one of Del Mar’s most desirable coastal streets is a 11,140 square foot vacant parcel which sits directly to the west of 343. This parcel can be sold together with 343 Serpentine Dr. to create a legacy property with over one half acre total (22,940 sq. ft.) Remarkable Ocean Views are available, looking through the trees. All utilities are located nearby in the street. With close proximity to the Coast and walkability to the Village, Beach and Del Mar Plaza this parcel offers a fantastic opportunity. The topography of this parcel provides a blend of flat area and gentle slopes which are ideal for maximizing views and provide the opportunity to be creative with your landscape design. This location is outstanding and has been allowed to exist in a natural state for many years surrounded by lush greenery and mature trees. Whether you adjoin the two parcels and create a sprawling estate or choose to design a separate retreat this parcel offers you the flexibility to choose. Room to add garages, guest quarters, resort style pool or anything you dream of. Fantastic opportunity to create the perfect coastal lifestyle. See also Listing # NDP2607171 for details on the truly amazing Mid Century Modern Home located on adjacent lot.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017