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7339 Tourmaline Drive
About This Property
This 2022 Cali model in the desirable Crystal Bay community features a bright, open-concept floor plan with NO REAR HOMES TO SEE for added privacy. Built in 2022, all major systems and big-ticket items are less than four years old, offering the peace of mind that comes with newer construction.
Residents enjoy resort-style amenities including a clubhouse, pool, fitness center, pickleball, bocce, and dog park. Conveniently located near shopping, dining, schools, and major roadways. Ask for details on the assumable mortgage and small assumption gap.
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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 |
|---|---|---|---|
| Jun 17, 2026 | Price Decreased |
$353,000
↓ $2K
(0.6%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$355,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Dec 12, 2025 | Listed by BLUE MARLIN REAL ESTATE | $360,000 | |
| Listed by BLUE MARLIN REAL ESTATE | |||
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4.5% ASSUMABLE MORTGAGE! Rare opportunity! This 2022 home in the Crystal Bay Community offers an assumable 4.5% mortgage, giving ALL qualified buyers a chance to secure a significantly lower rate than today's market, an incredible savings over the life of the loan. With no new Cali models available in this community, this property provides peace of mind that comes with newer construction, where all major systems and big-ticket items are less than four years old. Enjoy a bright, open layout and access to resort-style amenities including a pool, clubhouse, fitness center, bocce, pickleball, and a dog park. Crystal Bay is known for its friendly atmosphere, convenient location, and active lifestyle.
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| Nov 12, 2025 | Listed by Blue Marlin Real Estate | $360,000 | |
| Listed by Blue Marlin Real Estate | |||
| Jun 30, 2022 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017