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55 Montecito
About This Property
A lush tropical setting welcomes you home with mature landscaping, cascading waterfalls, a sparkling pool and spa, generous outdoor entertaining spaces, and an additional private spa and fire pit overlooking the spectacular backdrop. Inside, a dramatic two-story foyer, soaring ceilings, sweeping staircase, and walls of French doors create a grand first impression while seamlessly connecting the elegant interiors with the breathtaking outdoor setting.
Designed for both everyday comfort and effortless entertaining, the expansive floor plan offers five bedrooms, five-and-one-half bathrooms, and multiple flexible living spaces. Upstairs, the spacious primary suite captures magnificent ocean and harbor views from its private balcony and is complemented by a secondary en-suite bedroom and an expansive den, each enhanced by fireplaces and access to viewing balconies. The main level features an additional en-suite bedroom with patio access, two secondary bedrooms-including one with a private entrance and en-suite bath-a library, large laundry room, powder bath, and a versatile bonus room ideal for a gym, media room, or playroom.
The chef's kitchen is equipped with Sub-Zero refrigeration, quality appliances, abundant custom cabinetry, and a generous breakfast bar that opens to the inviting family room with fireplace and casual dining area-all positioned to enjoy the remarkable views. Formal living and dining rooms provide elegant spaces for entertaining, complete with a fireplace, built-in bar, and seamless indoor-outdoor flow.
While the residence presents an opportunity for thoughtful updating, its exceptional setting, generous scale, timeless architecture, and truly unmatched panoramic views create an extraordinary canvas for those seeking one of Spyglass Hill's premier locations. Properties offering this combination of privacy, views, and potential are exceptionally rare, making 55 Montecito an outstanding opportunity to reimagine a remarkable coastal estate.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Sold | ||
| Sold | |||
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Price Decreased |
$7,500,000
↓ $450K
(5.7%) | |
| Price Decreased | |||
| Sep 2, 2026 | Relisted | $7,950,000 | |
| Relisted | |||
| Aug 29, 2026 | In contract | - | |
| In contract | |||
Property Highlights
Building Info
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Price/ft²
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About Newport Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017