7855 Monterra Oaks Road
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 |
|---|---|---|---|
| Jul 10, 2026 | Listed by Carmel Realty Company | $1,799,000 | |
| Listed by Carmel Realty Company | |||
| May 14, 2024 | Listed | $1,895,000 | |
| Listed | |||
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Located within the secluded gated community of Monterra Ranch, 7855 Monterra Oaks is an exceptional 2.72 acre private homesite boasting unobstructed panoramic ocean views of Monterey Bay, city lights and the Santa Cruz mountains. This nature-rich, unique one-of-a-kind location set amid a grove of coastal oaks and Monterey pines, presents the perfect opportunity to build a home that fully embraces its natural surroundings. Private water company and underground utilities add to the appeal of this building opportunity. Current owner has potential home renderings in addition to lot development possibilities. A social membership to Tehama Golf Club is included which offers fine and casual dining, fitness center, 2 pools, spa, tennis courts and a variety of annual social events. Monterra Ranch a peaceful, park-like and secluded community only minutes away from all the Monterey Peninsula has to offer.
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| Aug 2, 2023 | No longer available | - | |
| No longer available | |||
| Mar 4, 2023 | Listed by Monterey Peninsula Real Estate Partners | $1,900,000 | |
| Listed by Monterey Peninsula Real Estate Partners | |||
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Located within the secluded gated community of Monterra Ranch, 7855 Monterra Oaks is an exceptional 2.72 acre private homesite boasting unobstructed panoramic ocean views of Monterey Bay, city lights and the Santa Cruz mountains. This nature-rich, unique one-of-a-kind location set amid a grove of coastal oaks and Monterey pines, presents the perfect opportunity to build a home that fully embraces its natural surroundings. Private water company and underground utilities add to the appeal of this building opportunity. Current owner has potential home renderings in addition to lot development possibilities. A social membership to Tehama Golf Club is included which offers fine and casual dining, fitness center, 2 pools, spa, tennis courts and a variety of annual social events. Monterra Ranch a peaceful, park-like and secluded community only minutes away from all the Monterey Peninsula has to offer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017