36 Shoreridge
About This Property
This property offers an open floor plan of approx. 9,348 square feet sitting on a grand 18,419 square feet lot. The residence is distinguished by 6 en-suite bedrooms, (main floor jr. Mastre suite) 8 full and 2 half baths, a great room, loft, billiards room, and a movie theater. Large mastre suite with 2 walk-in closets, large Jacuzzi tub and loft. Just outside the mastre you'll enjoy your own oversize viewing deck to take in the views and warm up by the fireplace.
Bask in serene hillside views highlighted by the breathtaking views of the Newport Coast skyline and Pacific Ocean. Outside you will find
private, pristine manicured grounds, including large pool, Jacuzzi, and lounge pool, covered loggia, putting green, outdoor kitchen including beer tap and multiple heaters w firepits. Additional amenities include dual staircases, 7 car garage and access all 3 levels via elevator. If you are looking to live the exclusive Newport Coast life style, this entertainers estate is the one for you! Close proximity to Pelican Hill Resort and Golf Club, beaches, Newport Harbor, restaurants and shopping.
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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 |
|---|---|---|---|
| Mar 27, 2019 | Sold | ||
| Sold | |||
| Jul 17, 2018 | Listed by Luxe Real Estate | $10,469,000 | |
| Listed by Luxe Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017