727 Esplanade #405
About This Property
The manager has listed the unit size as 1543 square feet.
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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 |
|---|---|---|---|
| Jun 18, 2024 | No longer available | - | |
| No longer available | |||
| May 10, 2024 | In contract | - | |
| In contract | |||
| Apr 24, 2024 | Listed | $2,350,000 | |
| Listed | |||
| | |||
|
Step into a realm of coastal elegance in this exquisite two level oceanfront penthouse. Located on the prestigious Esplanade in South Redondo Beach this stunning residence offers breathtaking ocean views of the azure waters stretching to the horizon. Experience luxury living flooded with natural light through expansive windows and sliding doors, creating a luminous ambiance. The first level features a spacious living space with 20+ foot ceilings, a fireplace, a separate den/office, dining area, galley kitchen with pantry and convenient laundry with stackable washer & dryer. There are two primary en suite bedrooms, one on each level. The top level sumptuous primary en-suite has a spa-like bath and access to a private rooftop patio. From almost every room you can watch playful dolphins frolicking in the waves, as this coastal haven provides an idyllic retreat where the wonders of the sea become an integral part of everyday life. Mesmerizing sunsets paint the sky in vibrant hues. Riviera Shores is a small controlled entry gated community with direct beach and bike path access. Other amenities include gated subterranean two car side by side parking, additional storage, association hot tub and sauna for your relaxation. Steps to the Avenue C Fitness Stairs, Sand & Surf and Volleyball Courts, Redondo Pier, the Portofino Hotel and Marina. Stroll to the Riviera Village for Great Restaurants & Shopping. Coveted Redondo Beach & Alta Vista schools. Don't miss the chance to own this iconic piece of paradise and experience the ultimate beach lifestyle. The manager has listed the unit size as 1543 square feet.
| |||
| Feb 22, 2019 | No longer available | - | |
| No longer available | |||
| Feb 20, 2019 | Relisted | $1,600,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/05/2025
|
2 Bed
|
2 Bath
|
1632 ft²
|
$2,400,000
2 Bed
2 Bath
1632 ft²
|
$2,400,000
01/30/2026
|
Scott McKean
Estate Properties
| |
|
02/01/2025
|
2 Bed
|
2 Bath
|
1335 ft²
|
$1,639,000
2 Bed
2 Bath
1335 ft²
|
$1,700,000
+3.72%
03/05/2025
|
Anthony Todora
RE/MAX Estate Properties
| |
|
01/22/2025
|
2 Bed
|
2 Bath
|
1423 ft²
|
$1,649,000
2 Bed
2 Bath
1423 ft²
|
$2,000,000
+21.29%
02/13/2025
|
Stan Liosis
NWRE Brokers
| |
|
04/24/2024
|
2 Bed
|
1.5 Bath
|
1543 ft²
|
$2,350,000
2 Bed
1.5 Bath
1543 ft²
|
-
-
|
Martha Alonso
RE/MAX Estate Properties
| |
|
11/15/2021
|
2 Bed
|
2 Bath
|
1555 ft²
|
$1,849,000
2 Bed
2 Bath
1555 ft²
|
-
-
|
Keith Geller
Realty Network
| |
|
12/22/2018
|
1 Bed
|
1 Bath
|
1270 ft²
|
$1,189,000
1 Bed
1 Bath
1270 ft²
|
$1,180,000
-0.76%
06/21/2019
|
Nikki Lane
Vista Sotheby’s International Realty
| |
|
11/11/2018
|
2 Bed
|
3 Bath
|
1543 ft²
|
$1,600,000
2 Bed
3 Bath
1543 ft²
|
-
-
|
-
| |
|
06/14/2018
| |
2 Bed
|
2 Bath
|
1270 ft²
|
-
2 Bed
2 Bath
1270 ft²
|
-
-
|
-
|
|
06/12/2018
|
2 Bed
|
2 Bath
|
1270 ft²
|
$1,199,000
2 Bed
2 Bath
1270 ft²
|
$1,200,000
+0.08%
07/18/2018
|
Daniel Lemieux
Estate Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017