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548 BEACH Drive
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 |
|---|---|---|---|
| Aug 31, 2020 | Sold | ||
| Sold | |||
| Jun 17, 2020 | Listed by Compass | $1,299,000 | |
| Listed by Compass | |||
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Unique opportunity to build your custom dream home in Rio Surf & Sands, a highly coveted luxury gated community on Beach Drive, where miles of uninterrupted coastline await. This spectacular 12,888 sf lot is ready to build with APPROVED PLANS for a 4,344 sq ft architectural and structural masterpiece. One hundred feet and twenty feet of linear Beach Drive frontage provides breathtaking 180-degree views of beach and surf from Pacific Grove to Santa Cruz, enjoyed from every room in this modern 5+ bed, 5.5 bath paradise estate with parking for 11 cars! Take advantage of the substantial cost and time savings with all the hard work and heavy lifting already completed with the County of Santa Cruz and Coastal Commission and start construction immediately! Innovative flexible floorpan allows for multi-generational living and entertaining. Income potential by taking advantage of the active vacation rental demand in Rio Del Mar.
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| Jul 1, 2015 | Sold | ||
| Sold | |||
| Aug 14, 2014 | Listed by Bailey Properties | $749,000 | |
| Listed by Bailey Properties | |||
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Live the Beach Life...Plans and Reports for Four bedroom, three and a half bath home with formal entry, elevator to three levels,and four car garage. Fabulous ocean views in the Prestigious, Private Gated Community at Rio Surf and Sand in Rio Del Mar. Expansive and Oversized lot with 120+ feet of frontage.This gated community offers security,privacy,and delivers huge views.Adjacent property at 546 Beach Drive also available with plans.
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| May 13, 2013 | Listed by Coldwell Banker Realty | $550,000 | |
| Listed by Coldwell Banker Realty | |||
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BUILD YOUR OCEAN VIEW DREAM HOME LOCATED BEHIND THE PRIVATE GATES ON BEACH DRIVE IN ONE OF THE MOST PRESTIGIOUS AREAS OF RIO DEL MAR. ENJOY EXPANSIVE WHITE WATER VIEWS AND BEAUTIFUL SUNSETS. PARCEL IS JUST STEPS FROM THE SAND AND IS ALMOST DOUBLE THE SIZE OF NEARBY PARCELS. COASTAL COMMISSION APPROVAL.ALL GEO REPORTS ARE COMPLETE.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017