58 Balboa Coves
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 7, 2025 | Sold | ||
| Sold | |||
| Jan 28, 2025 | Listed by Harcourts Place | $6,995,000 | |
| Listed by Harcourts Place | |||
| | |||
|
A Rare Gem in Coveted Balboa Coves
Tucked away in the exclusive, gated enclave of Balboa Coves, this stunning bayfront residence is a hidden treasure in Newport Beach. Completely remodeled down to the studs in 2019, this home exudes coastal sophistication and modern luxury at every turn. Boasting one of the most desirable locations within the community, its prime position near the main channel ensures effortless access to the bay’s iconic waterways while offering an unparalleled waterfront lifestyle.
The property enjoys a coveted west-facing orientation, treating you to breathtaking sunsets that paint the sky in vibrant hues each evening. Its exceptional cul-de-sac setting provides both privacy and abundant natural light throughout the day. Designed for seamless indoor-outdoor living, the expansive rear patio—meticulously renovated—offers direct water access, creating the perfect setting for entertaining or tranquil relaxation.
Boaters will appreciate the well-situated private dock, designed for easy navigation and capable of accommodating a watercraft of up to 35 feet. Inside, the thoughtfully designed floor plan features three spacious second-floor bedrooms. The attached two-car garage and ample private street parking add an extra layer of convenience—an uncommon luxury in waterfront communities.
Beyond the home itself, Balboa Coves offers an intimate, resort-like ambiance with its own private park and a welcoming sense of community. Just moments from Newport’s vibrant harbor, renowned dining, world-class shopping, and pristine beaches, this is an exceptional opportunity to embrace the quintessential bayfront lifestyle in one of Newport Beach’s most sought-after neighborhoods.
Don’t miss this rare opportunity—luxury, location, and lifestyle await.
| |||
| Oct 5, 2018 | Sold | ||
| Sold | |||
| Feb 21, 2018 | Listed by Pacific Sotheby's Int'l Realty | $3,100,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017