46
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4015 Ocean Drive
About This Property
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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 |
|---|---|---|---|
| Sep 21, 2026 | Listed by RE/MAX Gold Coast-Beach Office | $4,995,000 | |
| Listed by RE/MAX Gold Coast-Beach Office | |||
| Sep 29, 2025 | Listed | $5,295,000 | |
| Listed | |||
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Nestled along the shores of Hollywood Beach. This custom-built modern oceanfront home, crafted with meticulous attention to detail. A floating glass staircase, a work of art in its own right, guides you through each level. The heart of the home, the kitchen, is a haven for culinary enthusiasts. Snaidero cabinetry from Italy, Meile appliances, and stone countertops beckon the chef within to create culinary delights against a backdrop of ocean views and salty breezes. From almost every corner, the azure waters of the ocean and the tranquil silhouette of nearby islands paint a mesmerizing picture. Whether you're in the master bedroom, feeling as if you're on a perpetual tropical vacation, or lounging in the living area, every moment is accompanied by the soothing melody of waves crashing against the shore. Hollywood Beach, a hidden gem nestled between Malibu and Carpinteria, offers more than just scenic beauty. Its quaint streets are adorned with charming restaurants, lively pubs, and a bustling farmers market, inviting you to explore the coastal treasures that lie just beyond your doorstep. This coastal oasis, built with passion and vision in 2006, redefines luxury living with its panoramic ocean views and seamless indoor-outdoor connection. Floor-to-ceiling windows capture the ever-changing canvas of the sea, while custom architectural features, like the floating steel staircase, elevate the aesthetic allure. The home's interior bathes in natural light, courtesy of custom Kalwall panels and strategically placed skylights. Heated Seagrass Limestone flooring adds a touch of warmth, while a Bang & Olufsen sound system fills the air with melodious tunes, creating an ambiance of pure bliss. Entertainment awaits on every level, from the oversized bedroom on the sand level, perfect for guests quarters, to the main level's oceanfront area with its cozy fireplace and surround sound system. . Upstairs, two guest bedrooms offer luxurious retreats, each with an en-suite bathroom featuring Japanese soaking tubs and heated floors. The primary suite has unobstructed ocean views, a cozy fireplace, and a spa-like bathroom complete with a lighted and jetted soaking tub. In this coastal haven, every detail is thoughtfully curated, every space a testament to the beauty of oceanfront living. Welcome to a life of luxury, where the sea meets the sky, and every day feels like a dream on Hollywood Beach.
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| Jul 7, 2022 | No longer available | - | |
| No longer available | |||
| May 3, 2022 | Price Increased |
$5,599,999
↑ $45K
(0.8%) | |
| Price Increased | |||
| Apr 30, 2022 | Price Decreased |
$5,555,000
↓ $240K
(4.1%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017