7420 Via Montecito
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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 |
|---|---|---|---|
| Apr 28, 2026 | Sold | ||
| Sold | |||
| Mar 15, 2026 | In contract | - | |
| In contract | |||
| Feb 23, 2026 | Listed by COMPASS | $3,000,000 | |
| Listed by COMPASS | |||
| Aug 21, 2025 | Price Increased |
$3,750,000
↑ $375K
(11.1%) | |
| Price Increased | |||
| Aug 17, 2025 | Listed | $3,375,000 | |
| Listed | |||
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ALESSANDRO HEIGHTS- MONTECITO ESTATES- Entering the gates of this exclusive gate guarded community, you are greeted by pastoral mature Olive trees, white roses and city light/mountain views as far as the eye can see! The soaring foyer of this impressive residence lures you into the elegant entry gallery with floor to ceiling glass windows affording views to the central courtyard with its fireplace and entertaining patio, also providing access to the separate guest suite as well as the home theater/self-contained ADU above. The grand room moves seamlessly to the courtyard and the sunroom through retractable glass walls creating the ideal indoor/outdoor entertaining space all the way out to the pool. The kitchen offers top-tier designer appliances including 3 ovens, commercial range with pot filler, 2 dishwashers and a Butler's Pantry with built-in Miele coffee/espresso maker. Two massive islands provide ample meal preparation and serving surfaces on the pristine white quartzite counter-tops; Separate wine storage room and large walk-in pantry. The separate dining room accommodates any large party with stunning details and views of the surrounding hills; Separate family room/music room with views of the pool and city lights with soaring beamed ceiling and elegant fireplace; An office/library is located off the entry gallery affording views of the courtyard as well as the city lights. The primary bedroom suite is sequestered and contains the luxurious bedroom area with sitting area and fireplace, opulent spa-like white marble bath with walk-in shower, free-standing tub and dual vanities; Dual "boutique style" walk-in closets designed to insure optimal organization of all your clothing shoes and accessories in their designated spaces. The additional 4 large bedrooms for a total of 5 all have their own distinct ensuite baths and walk-in closets. The upper level contains the home theater with seating for 10 as well as a fully self-contained ADU with kitchenette, bedroom and spacious bath. Massive indoor laundry accommodates dual launder sets and loads of storage. The grounds perfectly encompass the residence with pristine landscaping providing ample privacy without impeding the incredible views enjoyed from the site! The classic pool with spa and water feature is surrounded by expansive decking and lawns evoking a rich European inspired scene which is additionally complimented by the private orchard of Avocado, Lemon and Naval Orange Trees!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017