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5517 China Point
About This Property
Inside, the 2,307sqft residence is filled with natural light and designed for comfortable coastal living. A travertine-tiled entry and staircase welcomes you as you step inside, and nine-foot ceilings enhance the main level, while vaulted ceilings add volume upstairs. Remodeled in 2015, the kitchen features stainless steel appliances, sustainable quartz countertops, an eat-in dining area, a newer dishwasher, and an updated backsplash. Hardwood flooring brings timeless character throughout the home, travertine floors are present in the entry, laundry, primary and secondary bathrooms for a touch of texture and elegance, and a fireplace in the main living level offers warmth on cool coastal nights. The thoughtfully arranged floor plan includes a formal dining room, family room, kitchen, primary suite, and powder room on the top floor; the first level includes another generous living area, a first floor guest bed and bath, as well as direct access to the recently updated and expansive rear yard w/hardscaped patio for alfresco dining and lounging, BRAND NEW artificial turf, and beautiful Carolina Cherry trees installed for easy maintenance that also complement the water and park views.
Other features and recent improvements include fresh interior paint, updated bathroom sinks and faucets, replaced and repainted exterior wood trim, LED lighting throughout, and a newer chandelier.
Enjoy convenient access to a plethora of shopping and dining options in nearby Belmont Shore and the newer open-air shopping hub of 2nd and PCH, as well as award winning schools, walkability to Colorado Lagoon, Recreation Park Golf Course, Marina Vista Park, walking/biking trails, and the many outdoor amenities that define the Long Beach coastal lifestyle.
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | In contract | - | |
| In contract | |||
| Aug 23, 2026 | Listed by Y Realty | $2,050,000 | |
| Listed by Y Realty | |||
| Jul 15, 2025 | Price Decreased |
$2,225,000
↓ $53K
(2.3%) | |
| Price Decreased | |||
| Jun 3, 2025 | Price Decreased |
$2,278,000
↓ $100K
(4.2%) | |
| Price Decreased | |||
| Mar 25, 2025 | Listed | $2,378,000 | |
| Listed | |||
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Nestled in the picturesque community of Spinnaker Bay and one of the original model homes with northeast exposure, 5517 China Point presents an exquisite 60 feet of unobstructed water views with maximum privacy and tranquility. Wake up to breathtaking water views everyday in this idyllic home which boasts vaulted ceilings upstairs and 9 foot ceilings downstairs, a remodeled kitchen, hardwood floors and new interior paint.Consisting of 2,307 square feet of living space on a generous oversized 3,468 square foot lot. The waterfront backyard is a haven for both relaxation and entertainment, with a patio area, drought tolerant landscaping and unobstructed water views.This home is conveniently located within walking distance to all three schools, the Colorado Lagoon, 18 hole golf course, dog Park and Marina Vista Park. Whether you're into boating, kayaking, or simply enjoying the calming influence of the water, this home offers the quintessential waterfront living experience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017