3989 Syme Drive
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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%.
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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 18, 2026 | Sold | ||
| Sold | |||
| May 3, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by First Team Real Estate | $1,999,999 | |
| Listed by First Team Real Estate | |||
| | |||
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Have you been searching for a single-level ocean-view home in Olde Carlsbad? This beautifully situated cul-de-sac property offers the perfect blend of comfort, style, and coastal living—just minutes from charming Carlsbad Village, the beach, the lagoon, and convenient freeway access. With a desirable west-facing backyard, you’ll enjoy stunning California sunsets from your own private retreat. Built in 1984, this spacious and thoughtfully designed home features 4 bedrooms and 2 baths, with high ceilings and a seamless, open feel throughout. The remodeled kitchen is a true centerpiece, showcasing a large, luxurious island, farmhouse sink, and high-quality cabinetry—ideal for both everyday living and entertaining. Additional highlights include owned solar, a wired alarm system, crown molding, a beautiful fireplace, dual-pane windows, pull-down attic storage, and a 2025 water heater and furnace, along with newer A/C. Charming window seats in three bedrooms add character and cozy appeal. The garage is well-equipped with abundant built-in storage and durable epoxy flooring, while the interior laundry room adds everyday convenience. Step outside to a low-maintenance backyard featuring an ocean-view Trex deck and patio—perfect for relaxing or hosting gatherings. The property is further enhanced by a delightful fruit orchard, including apricot, avocado, Santa Rosa plum, clementine, persimmon, fig, and 2–3 Meyer lemon trees. This is a rare opportunity to enjoy coastal living in one of Carlsbad’s most sought-after neighborhoods. No HOA or Mello Roos.
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| Feb 12, 2015 | Sold | ||
| Sold | |||
| Jan 8, 2015 | Listed by Purdy Homes | $895,000 | |
| Listed by Purdy Homes | |||
Property Highlights
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About Carlsbad
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017