429 Isabella Terrace
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Feb 6, 2021 | In contract | - | |
| In contract | |||
| Jan 31, 2021 | Listed | $7,800,000 | |
| Listed | |||
| | |||
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Situated at one of the highest points of Corona Highlands stands a turn-key home showcasing stunning ocean, Catalina, Newport Harbor, and city lights views. Elegantly blending traditional elements with contemporary finishes, 429 Isabella blends a unique variety of materials; white oak floors, masonry walls, exquisite millwork, custom lighting, and standing seam metal roof. Set behind a reclaimed wooden gate, enter through a private courtyard with pool, spa, entertainment area, barbeque, pool bath & fireside sitting area. The primary level of the home presents a voluminous living room with vaulted ceilings and fireplace. The adjacent kitchen offers superior appliances, a spacious gathering island, Calcutta countertops, oversized catering space, and mudroom with laundry. Thoughtfully placed walls of glass disappear; optimizing the coastal California lifestyle flooding the home with natural light. A graciously sized master suite includes a private office with en-suite bath completed by a free-standing tub & oversized walk-in shower. The lower level offers the flexibility of four additional bedrooms, laundry room, bonus room with wet bar, refrigerated wine storage & walk-in wine room. A private theater affords cutting-edge A/V equipment, short-throw video projector, and McIntosh A/V processor. Smart home automation & security are integrated throughout the home controlled via Savant. The manager has listed the unit size as 6887 square feet.
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| Nov 21, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
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About Corona del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017