415 Monarch Bay Drive
About This Property
The proximity to the sea is both restorative and invigorating. There is tennis, pickleball, bocce ball and of course swimming and surfing. The private on--the-sand beach club offers an indoor-outdoor bar, sunset fine dining and a beachside lunch. Butler service provides chairs, towels and umbrellas. In addition, there are firepits, indoor/outdoor gathering areas and community events and celebrations. Experience the resort lifestyle in Monarch Bay in this prestigious community. Its quintessential placement along the California Riviera makes it ideal to enjoy Laguna Beach, Dana Point Harbor, golf, seaside hiking trails and five-star resorts including the Ritz-Carlton, Waldorf Astoria and the Montage.
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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 26, 2024 | Sold | ||
| Sold | |||
| Jun 5, 2024 | No longer available | - | |
| No longer available | |||
| Apr 4, 2024 | Price Decreased |
$11,500,000
↓ $1M
(8%) | |
| Price Decreased | |||
| Feb 9, 2024 | Listed by Immel Team Luxury Real Estate | $12,500,000 | |
| Listed by Immel Team Luxury Real Estate | |||
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Discover the allure of coastal living in the exclusive, guard gated enclave of Monarch Bay. Designed for both relaxation and entertainment, this property takes full advantage of its prime location, with an expansive ocean view terrace which has both covered and uncovered seating ideal for basking in the sun and enjoying the sea breeze. This alfresco space feels like an extension of the home flowing meticulously into the great room which provides both a sense of calm and luxury thanks to the soaring ceiling, open living plan and the quality of materials including warm wood floors, stone accents, and a palette of neutral seaside colors. The East facing great room naturally provides spectacular light. Both ocean and headlands view completes the room's natural beauty. The primary suite with its ocean view, private balcony, two large walk-in closets and zen-inspired bathroom is seperate from the other bedrooms situated downstairs with their accompanying living room, private patio and outdoor spa. The proximity to the sea is both restorative and invigorating. There is tennis, pickleball, bocce ball and of course swimming and surfing. The private on the sand beach club offers an indoor-outdoor bar, sunset fine dining and a beachside lunch. Butler service provides chairs, towels and umbrellas. In addition there are firepits, indoor/outdoor gathering areas and community events and celebrations. Experience the resort lifestyle in Monarch Bay in this prestigious community. Its quintessential placement along the California Riviera makes it ideal to enjoy Laguna beach, Dana Point harbour, five star resorts, golf and seaside hiking trails. The manager has listed the unit size as 3277 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017