63 Monarch Bay Drive
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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.
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 |
|---|---|---|---|
| May 27, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Oct 6, 2024 | Listed by Compass | $36,500,000 | |
| Listed by Compass | |||
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Featured in The Wall Street Journal | Discover a masterpiece of modern architectural innovation with this extraordinary oceanfront estate situated on a premier bulkhead lot with approximately 84 feet of ocean frontage. The endless coastal views, including Catalina Island, the Ritz Carlton, Dana Point Headlands and beyond, are nothing short of extraordinary. Located within the exclusive, 24/7 guard-gated community of Monarch Bay, this address serves as a passport for those who crave a life of unparalleled luxury and escape from the ordinary.Residents enjoy complimentary access to the newly remodeled Monarch Bay Beach Club. Managed by the Waldorf Astoria, the club offers dining and social events, along with beach attendants for complementary towel, beach chair, and umbrella service on the sand. Due to the community's leading edge security technologies, level of privacy, proximity to airports, direct beach access, and multiple amenities, it's a place where every aspect of modern living is thoughtfully catered to.Entering through the tall wood entry doors, you'll immediately be entranced by the explosive visual spectacle of uninterrupted ocean vistas and a courtyard with a sparkling pool and spa. Inside, the open floor plan exudes an air of relaxed sophistication. Wrapped in expansive floor-to-ceiling Fleetwood windows and sliding pocket doors, the home is bathed in natural light and nightly sunsets. The heart of this home is the sleek and modern Boffi kitchen equipped with SubZero and Wolf appliances. Other premium features include custom lighting displays, imported Zimbabwe stone countertops, magnificent hearths crafted from Armani stone, and electric shades that grace every ocean-facing window and door. Located on the main-level, the large primary suite features a spa-like bathroom with Taj Mahal countertops, Kallista sinks and plumbing fixtures, a soaking tub with ocean views, a walk-in shower, two water closets, and two boutique-like walk-in closets. Also on the main level are two guest bedrooms with ensuite baths and a powder room. Descend the floating staircase or ride the custom elevator down to the lower level, where you'll find a half bath, an entertainment area, a lounge with stone hearths and custom shelving, a bar adorned in black Zimbabwean stone, and an enviable custom office with ocean views. Adding to the allure of this residence is a cutting-edge smart home system, built-in outdoor seating around a firepit, a three-car garage, solar power system, and custom flush HVAC registers seamlessly integrated throughout the home.
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| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Feb 8, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017