700 Malabar Drive
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 |
|---|---|---|---|
| Dec 31, 2022 | No longer available | - | |
| No longer available | |||
| Dec 2, 2022 | In contract | - | |
| In contract | |||
| Oct 12, 2022 | Listed by Douglas Elliman Real Estate | $9,495,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
|
Introducing Corona del Mar’s newest luxury retreat. Construction has just been completed on this modern architectural home set in the Irvine Terrace enclave. Situated on a flat lot of over 9,600 sq. ft. with direct access through a vast lawn space to Irvine Terrace Park, the design by architect Eric Aust embraces the highest quality construction and finishes throughout over 5,000 sq.ft.of single level living space, incorporating tumbled limestone slab and honed marble offset by rich, antique brass for a bold yet sophisticated look. Enjoy the massive open outdoor entertainment area, where a covered California room transitions to a sun-kissed pool and spa including a sitting fire pit lounge and built-in barbeque.The modern open floor plan hosts a work-from-home office, separate media room and five en-suite bedrooms, including a decadent primary suite with his-and-her walk-in closets, spa-like bath, private fireplace and multiple exterior access points. The light-filled great room with tall vaulted beamed ceilings is ideal for entertaining and day-to-day relaxation. From there, effortlessly move the dining space with dual wine vaults or outside through vast sliding doors and casual dining at the kitchen waterfall edge island. An additional dirty kitchen with walk-in cooler and range allows flexibility for events. The separate Two-door, three-car garage allows ample vehicle parking. The fully integrated smart home system adds all modern amenities to be expected in a home of this caliber. A true modern masterpiece, be the first to live in this brand-new jewel of Corona Del Mar. Centrally located and nearby to Fashion Island,Balboa Island, Newport Country Club, Balboa Bay Club all local dining and shopping. The manager has listed the unit size as 5098 square feet.
| |||
| Aug 13, 2020 | No longer available | - | |
| No longer available | |||
| May 18, 2020 | Listed | $3,495,000 | |
| Listed | |||
| | |||
|
Attention all end users and developers - 700 Malabar allows an opportunity to purchase a permit ready property with plans approved by renowned architect Eric Aust in Corona Del Mar’s desirable community of Irvine Terrace. A rare opportunity to build your dream home on a flat lot of over 9,600 square feet with direct access and bonus lot space to Irvine Terrace Park. Plans call for over 5000 square feet of single level living space that includes a covered California room overlooking the outdoor entertainment area with pool, spa and views of the bay, ocean and Catalina island. The open floor plan offers 5 bedrooms, 5.5 bathrooms, a great room, dining room, wine room, a bonus room, chef’s kitchen with a separate dirty kitchen and garage spaces for 3 cars. The manager has listed the unit size as 5037 square feet.
| |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017