888 Lilac Drive
About This Property
The manager has listed the unit size as 13599 square feet.
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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 22, 2024 | Listed | $29,995,000 | |
| Listed | |||
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Vast ocean views, flat grounds, luxe amenities, & incredible design coalesce at this iconic Montecito property. Flexible spaces both inside and out make this an intimate home for 2 yet can easily accommodate crowds of over 200. Public spaces blend seamlessly and open to the view and lush grounds beyond. A main level primary suite offers a restful way to begin and end each day while 5 addt'l bd suite are perfect for loved ones. Gym, theater, bar, game room, pool, guest house & 5-car garage allow you to savor all of life's moments. Living off the grid has never been more chic. Solar, a generator, greywater irrigation system, private well, organic vegetable bed & citrus orchards, chicken coops, and secret gardens define sustainable sensibility and offer an unparalleled piece of paradise.
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| May 20, 2023 | No longer available | - | |
| No longer available | |||
| Aug 29, 2021 | Listed by Santa Barbara Brokers, Inc | $33,500,000 | |
| Listed by Santa Barbara Brokers, Inc | |||
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|
Vast ocean views, flat grounds, luxe amenities, & incredible design coalesce at this iconic Montecito property. Flexible spaces both inside and out make this an intimate home for 2 yet can easily accommodate crowds of over 200. Public spaces blend seamlessly and open to the view and lush grounds beyond. A main level primary suite offers a restful way to begin and end each day while 5 addt'l bd suite are perfect for loved ones. Gym, theater, bar, game room, pool, guest house & 5-car garage allow you to savor all of life's moments. Living off the grid has never been more chic. Solar, a generator, greywater irrigation system, private well, organic vegetable bed & citrus orchards, chicken coops, and secret gardens define sustainable sensibility and offer an unparalleled piece of paradise. The manager has listed the unit size as 13599 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017