51 Overlook Dr
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%.
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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 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 27, 2019 | Listed | $6,750,000 | |
| Listed | |||
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51 Overlook offers one of the best-unobstructed sweeping views estimated at 240 degrees plus from the highest built lot in Newport Coast and is located in the guard-gated community of Ocean Heights. The lot features expansive wrap-around panoramas that reach up and down the coastline highlighting Catalina Island, Newport Harbor, the stunning mountain ranges & valleys, and the city lights spanning to Palos Verdes. Upon entering this 4 bed/4.5 ba, office, & bonus room estate that spans two levels, you'll witness custom features filled w/ European architecture & a stunning interior professionally remodeled in 2015 that highlights the sit down ocean views. The main level has a spacious main floor master suite & guest suite, a formal dining & living room, glass-enclosed office, beamed ceilings, & an extra large laundry area. The stunning stone framed chef-inspired kitchen showcases state-of-the-art appliances, Silestone counters, a breakfast bar & breakfast nook. The main floor master suite offers striking views & a spa-like bath w/ dual sinks & closets, a stand-alone shower, & a huge soaking tub. Upstairs are 2 en-suite bedrooms w/ ample closet space & a bonus room. Other amenities include heated floors, Old World Jerusalem Fossil limestone floors, distressed The manager has listed the unit size as 4999 square feet.
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| Mar 29, 2019 | Sold | ||
| Sold | |||
| Apr 16, 2018 | Listed by Surterre Properties | $6,750,000 | |
| Listed by Surterre Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017