59 Grandview
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 |
|---|---|---|---|
| Jun 26, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 14, 2025 | Listed by Keller Williams Realty Irvine | $8,800,000 | |
| Listed by Keller Williams Realty Irvine | |||
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Perched at one of the highest elevations in Irvine’s prestigious guard-gated community of Summit at Turtle Ridge, this exceptional 5,639 sq ft luxury estate offers unobstructed panoramic views of the ocean, Catalina Island, surrounding mountains, and city lights. Situated on a private, single-loaded street, the home welcomes you with a romantic breezeway and a grand courtyard featuring an outdoor fireplace. Inside, an open-concept layout showcases soaring vaulted ceilings, a main-floor primary suite, and a gourmet kitchen with an oversized island, perfect for entertaining. A private second-floor guest quarters with a separate entrance and kitchenette offers ideal accommodations for visitors or multi-generational living. The beautifully designed backyard includes a built-in BBQ, tranquil water feature, and space ready for a custom pool. No expense was spared on upgrades, which include a 10-camera security system, 78-point alarm system, whole-house audio, Control4 automated lighting, solar panels, custom closets, a home theater, hand-selected stone, and luxury designer finishes throughout. Residents enjoy resort-style community amenities and convenient access to top private schools, UC Irvine, and award-winning public schools such as University High and Vista Verde.
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| Nov 21, 2018 | Sold | ||
| Sold | |||
| Sep 12, 2018 | Listed by First Team Real Estate | $4,880,000 | |
| Listed by First Team Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017