Welcome to Paradise! This rare 3 bedroom, 3 bath Ocean Front
Villa perched high atop the bluffs of Hamilton Cove is a must see!
Boasting spectacular views of the Pacific Ocean and the
entrance to Avalon Harbor, as well as the World Famous Casino
Ballroom - you will have one of the best seats in the house on the
wrap around patio to enjoy this gem of an island. The fireworks
show on 4th of July is awesome to view as you sit and relax on the
spacious deck. Easy Entry with just one flight of stairs to the
large front porch and entry hall that looks straight out at the
Pacific Ocean. This view and location is truly special. There is a
Guest Bedroom and Bath, with Shower and Bathtub, to the left of the
entry which features Ocean views as well. Immaculately
furnished and turn key. The current owners updated all of the
furniture when they purchased and this Villa is great as a Vacation
Rental, Personal Getaway and/or a Full Time Residence. Vacation
Rental Permit available to transfer to the new owners. Upon
entering the Living Room, large windows and 2 sets of French Doors
bring the Ocean to you. It is beautiful to hear the calming
Ocean, inside the Villa as you relax on the sofa. A wood
burning Fireplace is a warm and inviting feature, as well as, the
Open Floorpan that allows for easy entertaining from the Kitchen,
Living Room and Dining Room, straight out to the patio. The
Primary Suite has a large Closet with a lock off for the Owner's if
they choose to Vacation Rent the Villa, along with a large bathroom
with double sinks, large oval bathtub and stall shower. This
Primary Suite also has French Doors to the patio with beautiful
views. The 3rd bedroom can also be considered a Primary Suite
as it too has great space, large closet and beautifully equipped
en-suite bathroom. All appliances are included, as well as,
the washer and dryer, which are located in the Villa in a private
Closet. The property includes a Golf Cart with its own assigned
parking space. Some of the Hamilton Cove features: 24 Hour
Guard Gate for entry to Hamilton Cove, Clubhouse, Pool, Spa,
18 Hole Putting Green, Tennis Courts, Gym, BBQ Area, Playground,
etc. with Beautiful Views of the Ocean. Hamilton Cove
is only a short Golf Cart ride away from the main town area
of Avalon, but far enough away from it all to truly enjoy all that
Catalina has to offer. This is truly a one of a kind property that
you must view to really appreciate. As the song goes ''26 miles
across the sea, Santa Catalina is waiting for me!'' Take
advantage of this very rare 3 bedroom opportunity in Hamilton Cove.
Unit Size
1,792 Ft²
Days on Market
57 days
Land Size
18.52 acres
Price per sqft
$1,254
Property Type
Condo
Property Taxes
-
HOA Dues
$1,620
Year Built
1991
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Parking Features: Assigned, Golf Cart Garage, One Space
Total Garage and Parking Spaces: 1
Interior Details
Bedrooms: 3
Full Bathrooms: 3
Levels: One
Interior Features: Balcony, Separate Formal Dining Room, Furnished, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Bedroom On Main Level, Multiple Primary Suites, Walk In Closets
Appliances: Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Water To Refrigerator
Living Area Square Feet Source: PublicRecords
Doors: Double Door Entry, French Doors
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
Has Fireplace
Living Room, Wood Burning
Exterior Details
Year Built: 1991
Parcel Number: 7480047051
Waterfront Features: Bayfront, Waterfront
Home Type: Residential
Other Structures: Tennis Courts
Outdoor Living Structures: Open, Patio, Wrap Around
Security Features: Fire Detection System, Fire Sprinkler System, Gated With Guard, Gated Community, Twenty Four Hour Security, Smoke Detectors
Directions: From the Boat drive out past the Casino and Descanso Beach up the hill to the Security Gate at Hamilton Cove Villas. Once inside continue down road to the bottom of the hill. Make a left at Gaviota and go up the hill to the end. Staircase to the Villa is the last one on the right.
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