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879 Oceanfront
About This Property
Designed for premium coastal living, the home features bamboo flooring, custom tile work, a DaVinci roof, and sound and security systems. Each of the 5 bright, airy bedrooms includes a private ocean-view balcony, highlighted by a primary suite with an oversized closet, oversized bathroom, and top-floor deck access.
The property shines outdoors with over 2,000 square feet of living space, featuring 1,000 square feet of premium IPE decking overlooking the ocean. This private paradise is rounded out by a ground-floor bar and TV entertainment area, two outdoor showers, and custom pavers. Turn-key ready and fully optimized for modern living, this beachfront beauty is completely move-in ready. Proof of funds/pre-approval prior to showing.
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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| Jul 29, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jul 29, 2026 | Listed by Coldwell Banker American Homes | $4,995,000 | |
| Listed by Coldwell Banker American Homes | |||
| Jul 8, 2026 | Price Decreased |
$4,999,500
↓ $496K
(9%) | |
| Price Decreased | |||
| May 26, 2026 | Listed by Coldwell Banker American Homes | $5,495,000 | |
| Listed by Coldwell Banker American Homes | |||
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A rare opportunity to own one of Long Beach’s most magnificent oceanfront estates, this custom-built, FEMA-compliant masterpiece boasts over 63 feet of private Atlantic beachfront. The fully furnished smart home blends luxury and energy efficiency, welcoming you with a grand 9-car driveway, mahogany garage doors, and a detached storage garage. Inside, an open-concept great room features cathedral ceilings, a grand staircase, and panoramic ocean views. The adjacent chef’s kitchen is equipped with custom finishes, GE Monogram appliances, dual dishwashers (Bosch and Miele), and a wine fridge.
Designed for premium coastal living, the home features bamboo flooring, custom tile work, a DaVinci roof, and sound and security systems. Each of the 5 bright, airy bedrooms includes a private ocean-view balcony, highlighted by a primary suite with an oversized closet, oversized bathroom, and top-floor deck access.
The property shines outdoors with over 2,000 square feet of living space, featuring 1,000 square feet of premium IPE decking overlooking the ocean. This private paradise is rounded out by a ground-floor bar and TV entertainment area, two outdoor showers, and custom pavers. Turn-key ready and fully optimized for modern living, this beachfront beauty is completely move-in ready. Proof of funds/pre-approval prior to showing.
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| Sep 16, 2025 | Withdrawn | - | |
| Withdrawn | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017