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71 Ritz Cove
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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.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 15, 2026 | Price Decreased |
$16,950,000
↓ $545K
(3.1%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by Compass | $17,495,000 | |
| Listed by Compass | |||
| May 10, 2025 | Listed | $18,800,000 | |
| Listed | |||
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Experience unparalleled coastal luxury at this custom estate in the exclusive guard-gated community of Ritz Cove. Perched on an elevated half-acre bluff at the end of a cul-de-sac, this corner residence boasts no neighbor on the south side and offering panoramic vistas of Catalina Island, Salt Creek Beach, and the lush adjacent parkland.
Designed for both grand entertaining and intimate relaxation, the home features five expansive en-suite bedrooms. Notably, two are primary level suites with sweeping ocean views through exceptional picture windows, and each adorned with a fireplace and private terrace—providing serene retreats that capture the essence of seaside living. All bedrooms are generously sized, with four featuring their own fireplaces and terraces, enhancing the indoor-outdoor lifestyle.
The recently upgraded chef’s kitchen is a culinary masterpiece, equipped with Taj Mahal quartzite countertops, custom cabinetry, and top-of-the-line Sub-Zero and Wolf appliances. Floor-to-ceiling windows throughout the home flood the interiors with natural light and frame the breathtaking coastal scenery.
Additional highlights include a grand two-story foyer, a wood-paneled study, a formal living and dining room, and an upstairs lounge with a fully equipped bar. The outdoor oasis is complete with a resort-style pool and spa, outdoor fire features, and a built-in cook center—perfect for entertaining against the backdrop of the Pacific Ocean.
Situated between the renowned Ritz-Carlton and Waldorf Astoria resorts, and just moments from Monarch Beach Golf Links, this estate offers direct gated access to the beach trail, placing the sand and surf just steps from your backyard.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017