846 Diamond Street
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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 15, 2026 | Sold | ||
| Sold | |||
| Mar 18, 2026 | In contract | - | |
| In contract | |||
| Feb 20, 2026 | Listed by The Agency | $3,295,000 | |
| Listed by The Agency | |||
| Oct 2, 2025 | Listed | $3,295,000 | |
| Listed | |||
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A stunning coastal Chris Light-designed residence, perfectly positioned to capture some of the most breathtaking, panoramic ocean views Laguna Beach has to offer. The main level of this private residence lends itself to everyday modern living as well as entertaining in style, with two distinct and spacious sitting areas offering remarkable flexibility of layout. The attached deck is large enough for hosting gatherings with a stunning ocean backdrop. A sophisticated and well equipped kitchen on this floor is anchored by a spacious island and features custom white cabinetry along with a suite of top-of-the-line appliances. The more formal of the two sitting areas flanks the fireplace, while the other features bespoke built-ins. A powder room completes this floor. On the lower level, the primary suite is a private Pacific-facing oasis, with a spacious, tranquil bedroom and a luxurious ensuite bathroom: a spa-like retreat, it is clad in Carrara marble. The dedicated balcony is yet another vantage point for taking in the magnificent surroundings of this property. Two secondary bedrooms of ample proportions and a guest bath can also be found on the lower level. Refined finishes abound throughout this home, from hardwood flooring to natural stone and classic millwork details including coffered ceilings. Whole house highlights include an elevator which connects all levels, air conditioning throughout, updated appliances, and built out closets. Sited on a quiet street, this residence offers privacy while located just minutes away from Laguna’s vibrant downtown, its renowned beaches, and boutiques.
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About Summit Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017