704 Nyes Place
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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.
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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 |
|---|---|---|---|
| Mar 31, 2026 | Sold | ||
| Sold | |||
| Feb 14, 2026 | In contract | - | |
| In contract | |||
| Dec 8, 2025 | Listed by Pacific Sotheby's Int'l Realty | $4,995,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Jun 12, 2025 | Price Decreased |
$5,500,000
↓ $450K
(7.6%) | |
| Price Decreased | |||
| Feb 26, 2025 | Listed | $5,950,000 | |
| Listed | |||
| | |||
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Welcome to 704 Nyes Place, an architectural triumph meticulously envisioned by renowned Laguna Beach architect Horst and reimagined by the acclaimed Leo Parrella Design Group. A seamless fusion of raw sophistication and modern luxury, this bespoke residence sits perched above Victoria Beach, offering panoramic ocean, canyon, and Catalina Island views that unfold from nearly every room. A bold yet inviting façade of concrete and glass sets the tone, opening to a dramatic multi-level interior where contemporary textures meet effortless coastal living. The double-height living room, wrapped in industrial-chic concrete walls, exudes gallery-like grandeur, softened by rich dark wood flooring and curated designer elements. Sunlight pours through expansive floor-to-ceiling glass panels, creating an interplay of shadow and light while framing the serene beauty of Laguna’s coastline. At the heart of the home, the state-of-the-art kitchen is a masterpiece of form and function, outfitted with custom cabinetry, sleek quartz countertops, top-tier Wolf & Sub-Zero appliances, and a statement waterfall-edge island with seamless bar seating. The adjacent elevated dining area overlooks a private terraced hillside with lush, sculptural landscaping, setting an exquisite stage for intimate gatherings. Ascend to the primary suite – a sanctuary in the sky. Wake up to unobstructed ocean vistas, unwind by the modern linear fireplace, or step onto the private terrace, where the sun meets the sea in a mesmerizing display. The spa-inspired primary bath is a study in minimalistic luxury, featuring a freestanding soaking tub, oversized glass shower, dual floating vanity, and custom lighting. With seamless indoor-outdoor flow, multiple ocean-facing terraces, and curated modern design, this home feels like a private resort—a place where architectural brilliance and coastal elegance harmonize. Located minutes from Laguna’s world-class beaches, galleries, and culinary hotspots, 704 Nyes Place offers a true modernist statement in one of Southern California’s most exclusive enclaves.
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About Portafina
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017