860 PICACHO Lane
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 |
|---|---|---|---|
| Apr 26, 2019 | Sold | ||
| Sold | |||
| Oct 17, 2018 | No longer available | - | |
| No longer available | |||
| Oct 15, 2018 | Listed by Village Properties | $11,300,000 | |
| Listed by Village Properties | |||
| Jun 12, 2018 | Listed | $12,750,000 | |
| Listed | |||
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In the heart of Montecito's Golden Quadrangle awaits a stunning 9,000+ sqft Mediterranean estate (2008) with ocean and mtn views and unsurpassed quality. Amenities include gracious formal spaces, a sumptuous master suite with dual baths & closets & an expansive ocean view terrace. In addition, there are 3 en-suite bedrooms, nanny/staff room w/bath, playroom, theater, wine cellar, and a fab 1st floor office with luxe bath. An elevator accesses the 2nd floor bedrooms. The covered loggia w/fireplace ensures excellent indoor/outdoor living regardless of the season. The +/- 2.2 acres host a beautiful one bed guest house, private water source, enchanting rose garden, stone terraces, & a graceful terraced garden, perfect for hosting outdoor events. The manager has listed the unit size as 10120 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017