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412 Monarch Bay Drive
About This Property
Bright, refined interiors have been thoughtfully updated with a clean, timeless aesthetic that complements the coastal setting. The kitchen features an expansive marble-topped island, custom cabinetry, stainless steel appliances, and large openings that draw the ocean views directly into the heart of the home. Light-filled living spaces transition naturally to the outdoor areas, creating an inviting environment for both everyday living and entertaining while keeping the coastline constantly in view. The recently remodeled primary bath adds a polished, spa-like quality to the primary suite, which also features two closets. An additional flexible room currently serves as a home gym, while a custom handcrafted sauna further enhances the home's private wellness amenities.
Just moments away is the private Monarch Bay Beach Club, managed by the five-star Waldorf Astoria and offering residents convenient access to an exceptional beachfront club experience. A short walk, golf cart ride, or drive brings you to the sand, where the club offers oceanfront dining and bar service along with attentive beach service, including chairs and towels. With no HOA dues, exceptional coastal views, beautifully updated interiors, and convenient access to one of Southern California's most distinctive beachfront settings, 412 Monarch Bay Drive offers a rare opportunity to experience the Monarch Bay lifestyle at its best.
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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 |
|---|---|---|---|
| Aug 27, 2026 | Listed by Pacific Sotheby's Int'l Realty | $12,500,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Jun 25, 2020 | Sold | ||
| Sold | |||
| May 2, 2020 | Listed by The Agency | $2,849,000 | |
| Listed by The Agency | |||
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Homeowners in guard gated Monarch Bay have Beach Club restaurant & bar privileges and easy private beach access with beach attendants to set up chairs, umbrellas and provide clean fresh towels to homeowners. Community tennis court, playground, dog park and sport court provide something for everyone. The services and amenities at Monarch Bay set this coastal enclave apart from all the others. This ultra chic beach residence provides the best of coastal living with a very distinguished design. Abundant charm and comfort, with unique split-level design featuring newer white oak floors and large glass panels to engage sweeping ocean views. The post and beam mid-century architectural nuance blends fine craftsmanship with high style. A two story ceiling at the Dining area brings welcoming natural light, and 2 fireplaces with sparkling crushed glass and clean burning gas provide a cozy environment for cool winter beach nights. Recent extensive interior remodel added electronic privacy shades, a Viking loaded kitchen with leather finish granite counters and re-glazed cabinets, along with Sub-Zero refrigerator and large Nook. Smooth finish walls enhance the linen white color palette and remodeled baths compliment the main and upper level. Lovely ocean view / beach view patio yard, full span 2nd level whitewater and ocean view balcony. Multiple patio areas for outdoor cooking, sunny day lounging and conversation area with unique fire-pit. Attached garage with loads of storage areas.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017