721 Balboa Avenue
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%.
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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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 8, 2024 | Listed by Compass | $7,300,000 | |
| Listed by Compass | |||
| | |||
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This exquisite home in Coronado Village is the epitome of coastal luxury, offering 5 spacious bedrooms, 6 beautiful designed bathrooms and a separate guest house (casita), just a few blocks from both the beach and the local public school. Each bedroom is a private retreat, complete with en-suite bathrooms, ensuring comfort and privacy for every family member and guest. The heart of the home is the chef’s kitchen, showcasing stunning marble countertops and top-tier appliances. The open-concept living area is perfect for entertaining, with a fully equipped bar featuring a built-in wine cooler and refrigerator, an office/den for working from home, and integrated sound system wiring throughout. Step outside to enjoy the California sunshine in your own private oasis. The backyard boasts a sparkling pool, spa, and a cozy outdoor fireplace on the patio, ideal for evenings under the stars. The guest house is perfect for visitors, offering its own bedroom, bathroom, and living area, providing a separate space for extended stays. Sustainable living is seamlessly incorporated with solar panels powering the home, along with a two-car garage and space for two additional vehicles in the driveway. With its beautiful finishings, high-end amenities, and prime location in the heart of Coronado, this home is truly a gem—offering the best of luxury living just steps from the beach and local conveniences. Agent and Broker do not guarantee the accuracy of the information obtained from public records or the seller for this listing. Buyer is advised to independently verify the accuracy of all information through personal or professional sources.
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| Aug 10, 2015 | Sold | ||
| Sold | |||
| Jun 15, 2015 | Listed by Flagship Properties, Inc. | $3,695,000 | |
| Listed by Flagship Properties, Inc. | |||
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About Coronado
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017