Perched to capture breathtaking Pacific Ocean, Catalina Island, and
sunset views, this newer built soft contemporary residence offers
approximately 4,300 square feet of thoughtfully designed living
space, complemented by over 1,160 square feet of covered, heated
decks and balconies that embrace Southern California's
indoor-outdoor lifestyle. Privileged with private Third Beach
access through the HOA, the home blends exceptional craftsmanship
with an open-concept floor plan, soaring ceilings, wide-plank
European hardwood floors, and lush tropical landscaping. The
expansive great room centers around a dramatic fireplace and flows
into a chef's kitchen featuring an oversized island and premium
Thermador appliances. All four bedrooms are en suite, including a
spectacular ocean-view primary suite with fireplace, spa-inspired
bath, freestanding soaking tub, oversized walk-in shower, and
generous walk-in closet, while a secondary primary suite is
conveniently located on the main level. Additional highlights
include a media/game room with a custom bar, built-in audio, home
security, central vacuum, two Rinnai tankless water heaters,
abundant storage, and a finished three-car garage with epoxy
floors. Designed by renowned architect Mark Teale and expertly
built by The Nicholson Companies, this is a rare opportunity to own
a newly completed coastal masterpiece in one of the area's most
coveted seaside locations.
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.
Interior Features: Eat-in Kitchen, High Ceilings, Open Floorplan, Wired for Data, Wired for Sound, Balcony, LivingRoomDeckAttached, BedroomOnMainLevel, MainLevelPrimary, PrimarySuite
Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Water Softener, Tankless Water Heater, Water Purifier, Dryer, Washer, SixBurnerStove
Flooring Type: Wood
Laundry Features: Washer Hookup, Electric Dryer Hookup, Inside
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