1
Map
$6,830,000
●
House -
Off Market
6 Pinnacle Point
Newport Coast, CA 92657
5 Beds
5 Baths,
1
Half Bath
5,725 Ft²
$11,696,528
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model
About This Property
Located along the coveted Southern California Riviera coastline.
This custom estate with over $1M in recent design and technical
improvements resides atop the highest hill in the exclusive Pelican
Ridge gated enclave. The estate retains timeless architectural
design with amazing year-round Pacific views and twinkling harbor
lights with endless sunsets.
From the instant you first arrive, authenticity is present with distinguished handcrafted wrought iron entry gate to the wine cellar with its old-world brick and meticulously-cut wine barrel slats on cellar floors.
An immensely refined kitchen envisioned by a prominent chef through French doors leading to a spacious floral garden yard with a large gourmet barbecue area in a flower covered gazebo. A large pool and spa adjacent to a toasty outdoor fireplace gathering area, this classic 5 bedroom, 5½ bath estate with its majestic outdoor scene truly illustrates what marks Newport Coast, the envy of the California Riviera coastline.
From the instant you first arrive, authenticity is present with distinguished handcrafted wrought iron entry gate to the wine cellar with its old-world brick and meticulously-cut wine barrel slats on cellar floors.
An immensely refined kitchen envisioned by a prominent chef through French doors leading to a spacious floral garden yard with a large gourmet barbecue area in a flower covered gazebo. A large pool and spa adjacent to a toasty outdoor fireplace gathering area, this classic 5 bedroom, 5½ bath estate with its majestic outdoor scene truly illustrates what marks Newport Coast, the envy of the California Riviera coastline.
Unit Size
5,725 Ft²
Days on Market
308 days
Land Size
0.36 acres
Price per sqft
$1,343
Property Type
House
Property Taxes
-
HOA Dues
$828
Year Built
1997
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CRMLS #NP18040887)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 26, 2018 | Sold | ||
| Sold | |||
| Feb 21, 2018 | Listed by Surterre Properties Inc. | $7,688,000 | |
| Listed by Surterre Properties Inc. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newport Coast
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Listed by: Rex McKown, Surterre Properties Inc.
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP18040887
Last Updated: 5 months ago
Data Source: CRMLS, MLS# NP18040887
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