29
Map
739 Monterey Drive
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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Aug 19, 2025 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Jul 21, 2025 | Listed by Dale Sorensen Real Estate Inc. | $650,000 | |
| Listed by Dale Sorensen Real Estate Inc. | |||
| | |||
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Beautiful lakefront residence in gorgeous Montecito, a gated coastal community with amenities including a resort-style pool, clubhouse, playground and scenic paths to the beach. This split floor plan home has striking curb appeal and beautiful upgrades. Built with concrete construction and topped with a Spanish tile roof, the home features luxury vinyl plank flooring throughout, a new HVAC system, newer exterior paint, brand new interior paint. The great room opens to the kitchen, with granite countertops and stainless steel appliances. The oversized primary suite offers space for a sitting area, a spa-style bath with dual vanities, soaking tub, walk-in shower, and a large walk-in closet.
Soak in the peaceful lake views right from your backyard; it's truly a serene escape. The home is perfectly located just a short stroll to the community center, pool and beach where the ocean breeze and salt air make every day feel like vacation. Move-in ready and perfectly located.
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| Sep 29, 2021 | Sold | ||
| Sold | |||
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About Montecito
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017