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88 Iluna
About This Property
Step through the front door and watch your line of sight travel straight up to the stunning two-story meteor shower chandeliers hanging above the bright, airy great room. Natural light pours through dual-pane windows and 4-panel sliding glass doors that encase the entire living space.
Walk into the chef's kitchen, which flows seamlessly into the great room, and take in the Sub-Zero and Wolf appliances: a 6-burner built-in stove with griddle attachment, dual ovens, side-by-side refrigerator, a separate beverage mini-fridge, and more. Look up, rattan pendant lights hang above the spacious center island, and wood soft-close cabinetry reaches all the way to the high ceilings.
Head into the first level primary suite and notice the extra-large frameless glass walk-in shower with multiple showerheads, dual vanities, and a spacious walk-in closet. Right there from the bedroom window is an open view of the natural stone pond. Make your way upstairs to find spacious secondary bedrooms, each with their own closets and built-in cabinetry.
A downstairs mudroom with built-in cabinetry and an upstairs laundry room add everyday convenience. Additional features include a 2-car garage with epoxy flooring and future EV charging ports, tankless water heater, water softener, and solar panels. Residents of Altair Irvine enjoy access to an award-winning clubhouse, gym, 3 pools, 3 spas, tennis courts, sport courts, and more. This Irvine CA home sits across the street from award-winning IUSD schools, with Portola Springs High School just 0.8 miles away and the brand new Solis K-8 only 1.2 miles from your front door.
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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 |
|---|---|---|---|
| Oct 22, 2026 | Relisted | $2,499,000 | |
| Relisted | |||
| Oct 18, 2026 | No longer available | - | |
| No longer available | |||
| Jul 27, 2026 | Listed by Coldwell Banker Realty | $2,499,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017