44 Ritz Cove Drive
About This Property
Creative financing available - Possible lease option
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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 |
|---|---|---|---|
| Feb 16, 2023 | No longer available | - | |
| No longer available | |||
| Nov 29, 2022 | Price Decreased |
$6,998,750
↓ $496K
(6.6%) | |
| Price Decreased | |||
| Oct 14, 2022 | Listed by Keller Williams Realty Laguna Niguel-Laguna Beach | $7,495,000 | |
| Listed by Keller Williams Realty Laguna Niguel-Laguna Beach | |||
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Prominently Positioned On The 2nd Row In The Highly Desirable Guard Gated Community Of Ritz Cove Offering Panoramic Ocean & Sunset Views. This Dramatic Light & Bright Open Floorplan Features Voluminous Ceilings, Modern Lines, & Expansive Living Spaces Integrating The Outdoor Living Environment With Ocean Views Beyond. Sophisticated In Design With Exquisite Marble Flooring & Designer Touches Complemented By A Sought-After Main Floor Primary Suite Featuring A Spa-Like Bath and 3 Additional Spacious Bedrooms Up A Short Flight Of Stairs. The Highly Upgraded Chef’s Caliber Kitchen Boasts An Oversized Island & Breakfast Bar, Nook Area, & Al Fresco Patio Dining Through Sliding Doors. Additional Highlights Include A Bonus/Game/Potential Theatre Room, New Contemporary Garage Doors & A New Modern Custom Front Door. Hear The Sound Of Waves Crashing From The Alluring & Private Rear Grounds Complete With A Sparkling Pool, Vibrant Landscaping, & Spectacular White Water Views. Enjoy Southern California Lifestyle At Its Finest With Private Access To Salt Creek Beach/Incredible Surfing, The Ritz-Carlton and Waldorf Astoria Hotels A Short Walk Away, Monarch Beach Golf Links, & Close Proximity To World Class Shopping & Dining. The manager has listed the unit size as 4539 square feet.
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| Apr 27, 2022 | No longer available | - | |
| No longer available | |||
| Apr 5, 2022 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017