61
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5114 Marlin Way
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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.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Sold | ||
| Sold | |||
| Jun 24, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Price Decreased |
$2,195,000
↓ $154K
(6.6%) | |
| Price Decreased | |||
| Apr 3, 2026 | Listed by RE/MAX Gold Coast-Beach Office | $2,349,000 | |
| Listed by RE/MAX Gold Coast-Beach Office | |||
| Jul 24, 2025 | Listed | $2,385,000 | |
| Listed | |||
| | |||
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Welcome to 5114 Marlin Way -- A Masterpiece in the Coveted 'Wedge' at Mandalay ShoresWelcome to Mandalay Shores, where luxury meets the serenity of the sea. Set in the prestigious 'Wedge' just steps from the sand, this meticulously maintained home offers the ultimate in coastal living--nestled along one of Ventura County's most stunning beaches and ideally positioned between Malibu and Santa Barbara. Whether you're into surfing, kayaking, paddleboarding, boating, golfing, wine tasting, or seaside dining, this is California's best kept secret.With 5 bedrooms and 4 bathrooms, this meticulously maintained residence is designed to impress. Surrounded by lush landscaping and smooth river rock the home welcomes you with handcrafted wood gates, Spanish tile walkways, and a private outdoor shower. A gorgeous patio leads to a pedestrian pathway that brings you directly to the oceanfront.Step inside and enjoy the natural light from 3 skylights, and wide Simonton windows. Italian wire-brushed oak and travertine tile floors exude warmth and elegance. The open-concept living area features a granite wet bar, coffered ceilings, recessed LED lighting, ceiling fans throughout, and a dramatic, raised floor-to-ceiling smooth river rock fireplace.The gourmet kitchen is a chef's dream, boasting Thermador stainless steel appliances, gleaming granite countertops, a five-burner cooktop, built-in microwave, pantry, and bar seating. Downstairs offers three spacious bedrooms, one ensuite and an additional guest bath.A wrought iron staircase leads to two additional bedrooms, including a luxurious primary suite with its own fireplace, walk-in closet, and a large private balcony with peekaboo ocean views. The spa-inspired ensuite bath features a skylight, oversized Kohler jetted tub, separate shower, and spacious vanity. An additional full bath and a large laundry room with sink, cabinetry, and counters complete the upper level.Enjoy multiple balconies, a rooftop deck with ocean views, and a fully finished two-car garage with plenty of storage. Upgrades include a red cedar garage door, copper gutters, stainless steel flashing, hardwood floors, ADT security, Ring cameras, water softener, and reverse osmosis. Remodeled/rebuilt in 1991!This isn't just a home -- it's a lifestyle. Live the dream in Mandalay Shores. Come for a day, stay for a lifetime!
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About Oxnard Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017