One of a kind, Catalina Island, single family home. This free
standing, full ocean view, 4 bedroom, 4 and 1/2 bath residence, was
the first single family home at Hamilton Cove. Located behind a
private 24 hour a day guarded gate, is the beautiful private
community of Hamilton Cove. Just a quick 7 minute golf cart ride to
the Island Village of Avalon. This property boasts three levels,
with the main entry on level two. Enter to stone floors, and
beautiful full ocean views from the living room, dining room, and
kitchen. The full wet bar is to the left of the entry, with a
powder room to the right. Step down to the living room with
mahogany wood floors, a wood burning fireplace with hearth and
mantel, vaulted wood beamed ceilings, as well as 4 sets of double
window all looking out a the blue Pacific. A set of French doors,
also lead to the private outside patio. The dining room features
another set of French doors that lead to your private ocean view
patio, with many windows to view the ocean from your perfect Island
hideaway. The kitchen features a small island with cutting board
counter top, and sink, as well as a dining nook with ocean views to
enjoy your morning breakfast. A full laundry room with washer,
dryer, and sink, sits off of the kitchen, as well as a door that
leads to your golf cart parking space for easy delivery of your
groceries to the kitchen.
A spiral stair case leads up to the top floor large Master Suite.
Featuring a setting area and private out door patio. The many
windows all bring the ocean right inside your bedroom. There is a
large walk-in closet, and a huge bathroom with decorative tile
floors and splashes, separate large stall shower, oval bath tub,
and double vanity sinks. There is also a separate stair case that
goes outside and back down towards the front entry.
The bottom level features two more Master Suites with attached
baths, private patio, and ocean views. Both of these suites
features large bathrooms with decorative tile throughout, double
sinks, separate tubs, and stall showers. The last bedroom is
slightly smaller with a bath across the hall. There is also a
staircase that leads down to the bottom road for easy access
towards the beaches below. Amenities at Hamilton Cove include
private Yacht Moorings, 18 hole Putting Course, two lit Tennis
Courts, Croquet Course, Pool, Jacuzzi, Full Gym, Sauna, Beaches and
Dingy Dock.
Unit Size
3,542 Ft²
Days on Market
61 days
Land Size
18.52 acres
Price per sqft
$819
Property Type
Condo
Property Taxes
-
HOA Dues
$1,620
Year Built
1991
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Interior Features: Beamed Ceilings, Wet Bar, Breakfast Bar, Balcony, Breakfast Area, Ceiling Fans, Separate Formal Dining Room, Elevator, Furnished, High Ceilings, Living Room Deck Attached, Multiple Staircases, Recessed Lighting, Tile Counters, Track Lighting, Bar, Primary Suite, Walk In Closets
Appliances: Built In Range, Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater, Dryer, Washer
Flooring Type: Carpet, Stone, Wood
Living Area Square Feet Source: Assessor
Laundry Features: Washer Hookup, Electric Dryer Hookup, Laundry Room
Has Fireplace
Living Room, Wood Burning
Exterior Details
Road Frontage Type: PrivateRoad
Year Built: 1991
Parcel Number: 7480048110
Waterfront Features: Beach Access, Ocean Access
Home Type: Residential
Structure Type: House
Architectural Style: Mediterranean
Window Features: Blinds
Construction Materials: Drywall, Stucco
Outdoor Living Structures: Deck, Front Porch, Patio, Porch
Spa Features: Association, Community, Gunite, Heated, In Ground
Pool Features: Community, Fenced, Gunite, Electric Heat, In Ground, Association
Association Amenities: Dock, Fitness Center, Golf Course, Meeting Room, Barbecue, Picnic Area, Pier, Playground, Pool, Pet Restrictions, Sauna, Spa Hot Tub, Tennis Courts
Association Fee: $1,620
Association Fee Frequency: Monthly
Community Features: Curbs, Hiking, Mountainous, Water Sports, Fishing, Gated, Pool
Security Features: Gated With Guard, Gated Community, Gated With Attendant, Smoke Detectors, Security Guard
High School District: Long Beach Unified
Directions: From Boat dock follow Pebbly Beach Road to Crescent Ave, follow until you reach Saint Catherine Way, follow past casino building, past Descanso Beach Club to Hamilton Cove front gate.
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