6711 Seashore Drive
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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 |
|---|---|---|---|
| Sep 15, 2025 | Sold | ||
| Sold | |||
| Aug 17, 2025 | In contract | - | |
| In contract | |||
| Jul 29, 2025 | Listed by Compass | $4,399,000 | |
| Listed by Compass | |||
| Apr 25, 2025 | Listed | $4,799,000 | |
| Listed | |||
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Short Term Rental Permit- Located just steps from the Pacific Ocean, 6711 Seashore Drive captures the essence of coastal luxury with breathtaking ocean views. This exceptional property holds a short-term rental permit, offering a rare opportunity for both personal enjoyment and investment potential. Thoughtfully designed, the home features 4 bedrooms, 3.5 bathrooms, and two kitchens, making it perfect for entertaining, multi-generational living, or maximizing rental flexibility. Enjoy year-round comfort with air conditioning, a washer and dryer, and a spacious two-car garage for added convenience. Multiple outdoor spaces, including the rooftop deck with panoramic ocean vistas, provide the perfect setting to take in spectacular sunsets and the soothing sound of the waves. Whether you're looking for a full-time residence, a vacation retreat, or an income-producing property, this stunning home delivers the ultimate Newport Beach lifestyle, just steps from the shore.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017