$3,382,500
●
House -
Off Market
501 Pine Needles Drive
Del Mar, CA 92014
5 Beds
5 Baths,
1
Half Bath
4,257 Ft²
$6,320,660
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model
About This Property
This versatile custom home located in the most desirable areas of
Olde Del Mar was completely updated and expanded in 2009. It's
magnificently sited on a knoll with views of the ocean through the
Pines. The great room has doors that completely open onto a wide
veranda to further enjoy the views to the west. Perfect
spaces for your art to reflect your own personal style. On the main
floor you will find a great master suite and three additional
bedroom suites. Neighborhoods: Olde Del Mar Equipment: Garage Door
Opener,Pool/Spa/Equipment, Range/Oven Other Fees: 0 Sewer:
Sewer Connected Topography: LL,GSL
Unit Size
4,257 Ft²
Days on Market
336 days
Land Size
-
Price per sqft
$891
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (SDMLS #160025334)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Nov 20, 2020 | In contract | - | |
| In contract | |||
| Nov 8, 2020 | Relisted | $4,695,000 | |
| Relisted | |||
| Nov 7, 2020 | No longer available | - | |
| No longer available | |||
| Oct 6, 2020 | Listed | $4,695,000 | |
| Listed | |||
| | |||
|
Exceptional down to the smallest detail, this incomparable 5 bedroom, 6 bathroom Modern Craftsman home wrapped in custom stacked stone masonry offers relaxation, recreation, gathering and privacy, and a seamless indoor-outdoor experience. Elegantly tucked into the native landscape of Olde Del Mar, in walking distance of the beach and Del Mar village, this 4,245 square foot home was built with every facet of Southern California living in mind. Take in ocean views from this beautiful home. See supplement.. The manager has listed the unit size as 4245 square feet.
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Del Mar
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Listed by: Patricia Kramer, Pacific Sotheby's Int'l Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160025334
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160025334
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