6480 Cormorant Way
About This Property
The 16' vaulted great room features large windows adjacent to a beautifully appointed kitchen, showcasing Corian countertops, stainless steel appliances, and reverse osmosis. The ground level also includes a powder room, laundry facilities, 2-car garage, and dedicated golf cart garage.
Upstairs, two private bedrooms (one equipped with Ethernet cabling and a built-in solid maple desk) offer serene views of the Irish Hills, complemented by a shared bathroom.
Step outside to a private backyard oasis, featuring custom patio pavers, an ivy-covered wall, piped gas for your barbecue, and a gas fire table, all under the backdrop of peaceful oak woodland hills. Ask your Realtor® for a comprehensive list of updates, including leased solar PRE-PAID through 2036!
SLBE includes the Avila Beach Golf Resort, Avila Village (including the Athletic Club, just 3 minutes away), and six upscale neighborhoods, all surrounded by 1,000 acres of private common area oak woodlands with miles of trails. Nearby is the Bob Jones Trail, which winds along the San Luis Obispo Creek, Sycamore Mineral Springs Resort, pristine beaches, and the charming town of Avila with boutique shops, dining, and wineries. 12 minutes north or south is downtown San Luis Obispo or The Village of Arroyo Grande.
This home offers an exceptional lifestyle in one of the Central Coast's most desirable communities. Don't miss the opportunity to make it yours!
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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 |
|---|---|---|---|
| Feb 20, 2025 | Sold | ||
| Sold | |||
| Dec 27, 2024 | Listed by Compass | $1,489,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017