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46820 Clear Ridge Road
About This Property
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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 |
|---|---|---|---|
| Nov 10, 2021 | Sold | ||
| Sold | |||
| Sep 27, 2021 | Listed by Big Sur Coast Properties | $12,400,000 | |
| Listed by Big Sur Coast Properties | |||
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Clear Ridge Estate: Spanning 80 acres of pristine Big Sur coastal land perched above the Pacific Ocean, this unique estate features two exquisite homes 700 feet directly above Pfeiffer Beach with spectacular 360* views and so near to Pfeiffer Beach you can hear, see, and almost feel the crashing waves.The property consists of 2 separate legal parcels, each with its own residence over 600 feet apart on either end of a rare 5-acre natural ridge top meadow.The 2 homes total almost 5,000sq.ft. with 5 beds & 4 baths, built with the highest quality construction standards and materials.The North House, at almost 3,200 sq.ft, is the centerpiece of the property.It has all the amenities one would expect for a property of this caliber. Surrounding the home are meandering stone patios, pathways, arbors, gardens a great lawn and hiking trails in your own redwood forest. The South House at 1600sq.ft. has commanding ocean and mountain views.This is the perfect legacy property in the heart of Big Sur.
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| Jul 10, 2018 | Sold | ||
| Sold | |||
| Apr 20, 2018 | Listed by Coldwell Banker Realty | $8,500,000 | |
| Listed by Coldwell Banker Realty | |||
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HAVE IT ALL IN BIG SUR Extraordinary panoramic ocean & south coast views, sound of crashing waves, private beach access, trails meandering through a massive ancient redwood forest with waterfalls and year round streams, 3 water sources and extreme privacy provide the backdrop for this stunning 4 bedroom, 3 bath fully permitted, deeply infrastructured luxury home with 2 wood burning fireplaces, radiant heated floors, gourmet kitchen, media room, office, wine cellar and Jacuzzi, all nestled in a picturesque oak forest adjacent to the property's enormous flat 'savannah' meadow with its own spectacular view of Pico Blanco, the Santa Lucia range and the ocean. Should anyone want more on this pristine 60 acre property sitting above Pfeiffer Beach, it is ideal for whatever compound expansion one might imagine going forward. This level of comprehensiveness in a property is virtually unheard of anywhere, making this offering all the more rare for a lover of Big Sur who is ready to have it all.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017