7 Telescope
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Sep 24, 2025 | Sold | ||
| Sold | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Jun 10, 2025 | Listed by eXp realty of Greater Los Angeles | $9,980,000 | |
| Listed by eXp realty of Greater Los Angeles | |||
| | |||
|
Perched in the prestigious guard-gated community of Pelican Ridge Estates, this newly renovated coastal sanctuary rests at the end of a serene cul-de-sac, capturing breathtaking ocean and canyon views from nearly every angle.
Blending architectural sophistication with modern elegance, the residence spans approximately 4,710 square feet and offers 4 bedrooms, 5 bathrooms, and a thoughtful layout that seamlessly integrates indoor and outdoor living. Grand double-height ceilings, custom casement windows, and wide-plank European oak flooring lend timeless warmth and natural light throughout.
The heart of the home is a contemporary Leicht-designed kitchen featuring two-toned cabinetry, veined quartz countertops, and premium appliances—including a paneled refrigerator—flowing effortlessly into a sunlit family room with French doors that invite in the coastal breeze.
Entertain in the dramatic formal living room, where soaring ceilings create an ambiance of grandeur, or host intimate gatherings in the elevated formal dining room enhanced by striking designer lighting. Three main-level bedrooms each enjoy tranquil views—either of lush greenery or the Pacific Ocean—and include exquisitely designed en-suite baths.
The upper-level primary suite is a private retreat with its own sitting area, fireplace, and a secluded balcony overlooking Newport Coast’s most iconic vistas. The en-suite bathroom offers spa-like indulgence, complete with an oversized soaking tub, a sprawling steam shower, and refined designer finishes.
Set on an expansive 11,200 square foot lot, the outdoor living spaces are designed for both relaxation and entertainment. Panoramic ocean views set the backdrop for a BBQ kitchen, multiple lounge patios, and an infinity-edge spa framed by tropical landscaping and stylish hardscaping.
Pelican Ridge offers residents premier amenities including a resort-style pool and spa, tennis and sport courts, playgrounds, and access to scenic hiking trails. Ideally located moments from world-renowned beaches, Fashion Island, championship golf courses, and major thoroughfares, this is coastal luxury living at its finest.
| |||
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Oct 7, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017