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706 W Oceanfront
About This Property
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 24, 2026 | Listed by Pacific Sotheby's Int'l Realty | $15,995,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Mar 14, 2025 | Listed | $18,350,000 | |
| Listed | |||
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Experience the pinnacle of beachfront luxury in this extraordinary home. One of fewer than twenty properties on the entire Newport Beach oceanfront boasting over 60 feet of prime frontage, this newly built (2023) architectural gem offers an unparalleled coastal living experience. With 4,270 square feet of meticulously designed living space, plus 1,083 square feet of deck space, this four-bedroom, four-bathroom estate (plus two powder baths) blends modern sophistication with breathtaking ocean views. Every inch of this home showcases top-tier craftsmanship and cutting-edge technology. Soaring 9-foot+ ceilings, limestone flooring, and wall-to-wall Fleetwood doors seamlessly connect the indoors with the spectacular beachfront surroundings. The primary suite is a true retreat, featuring a spa-like bath with an infrared sauna, Samsung AirDresser, his-and-her water closets with Kohler Veil commodes, and dual Brown Safes. The chef’s kitchen is equipped with Miele, Wolf, and Sub-Zero appliances and walk-in pantry, while the bonus room includes a sink, fridge/freezer drawers, and an ice maker. A gym with panoramic ocean views makes every workout extraordinary. Designed for effortless luxury, this estate is outfitted with a Lutron smart home system, whole house water filtration system, electronic shades, WiFi, and a cellular booster. A rooftop deck with a full outdoor kitchen (BBQ, refrigerator, ice maker, sink) provides mesmerizing ocean and bay views, making it the ultimate space for relaxation and entertainment. This home is not only stunning but also highly efficient, featuring a 33-panel solar system with two Tesla solar batteries for backup power. The Boutique Luxury elevator, Fleetwood windows and doors, flush baseboards with reglet detail, and custom trestle interior doors with concealed hinges further highlight the precision and quality of this extraordinary residence. With a three-car air conditioned garage, there is ample space for vehicles and storage, ensuring both convenience and security. This one-of-a-kind double-lot estate offers an unrivaled oceanfront location, providing an exclusive opportunity to own a premier property on the Newport Beach Oceanfront.
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| Jul 5, 2019 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by Villa Real Estate | $8,995,000 | |
| Listed by Villa Real Estate | |||
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This Post and Beam style oceanfront home is located on two prime lots on Newport Beach’s famed Balboa Peninsula, known for its broad white sandy shoreline, swimmable surf and exciting beach boardwalk. All the fun of Newport Beach is out your door: surf, swim, sail, paddleboard, boat, bike ride, stroll the beach and play volleyball from this perfectly located home all within easy distance of the Newport and Balboa Piers, world famous Fun Zone, Balboa Island Ferry, and array of Newport’s finest restaurants and vibrant nightlife. This recently updated home features an Island kitchen with new stainless steel appliances, refaced cabinetry and Quartz countertops; a large waterfront living room with walls of glass, a fireplace, dining area, and cedar hardwood floors, a generous sized downstairs guest bedroom and adjacent bath, a two-car attached garage and separate carport. The upstairs of the home is highlighted by the large oceanfront master-suite with a fireplace, vaulted ceilings, built-ins, elegant marble bath, and panoramic ocean, whitewater and pier to pier views. In addition, there are three additional bedrooms, one with water views and a private stairway entrance, and two additional baths. The palette of finish materials includes rich woods, built-ins, and new Marble and Quartz stonework in the kitchen & baths. The outdoor space is abundant with an elevated oceanview patio, and a tranquil & walled yard that features one of Balboa’s only private oceanfront swimming pools.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017