5115 Shore Drive
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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 |
|---|---|---|---|
| Mar 29, 2019 | Sold | ||
| Sold | |||
| Feb 25, 2019 | Listed by Windermere Homes & Estates | $7,200,000 | |
| Listed by Windermere Homes & Estates | |||
| May 3, 2013 | Sold | ||
| Sold | |||
| Feb 1, 2013 | Listed by RE/MAX Associates | $5,300,000 | |
| Listed by RE/MAX Associates | |||
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PRESENTING A RARE OPPORTUNITY TO OWN A HOME OF ELEGANTLY UNDERSTATED OCEANFRONT MAGNIFICENCE! DESIGNED WITH A SANTA FE/ HACIENDA FLAIR,THIS SPECTACULAR TERRAMAR ESTATE LENDS ITSELF TO WARM AND INVITING COCKTAIL PARTIES, BEACH DAYS, AND CASUAL ELEGANCE. AN EXPANSIVE RESIDENCE WHICH HAS BEEN EXPERTLY HAND CRAFTED, STUNNING ARCHITECTURE AND QUALITY CRAFTSMANSHIP, A PRIVATE .342 ACRE PARCEL SURROUNDED BY THE VAST OCEAN BLUE, BEAUTIFULLY MATURE LANDSCAPED GROUNDS, MAKING THIS THE ULTIMATE RESORT HOME. Neighborhoods: Terramar Complex Features: ,,,, Equipment: Garage Door Opener,Pool/Spa/Equipment, Range/Oven, Vacuum/Central Other Fees: 0 Sewer: Sewer Connected Topography: LL,GSL
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About Carlsbad
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017