Extraordinary Hamilton Cove Penthouse Villa. One of the most
spectacular full ocean view villas that exists at the Cove.
Experience elegant living in this rare 3 bedroom, 2 & 3/4 bath
Penthouse Villa. Boasting 2,469 square feet, located in the
prestigious Hamilton Cove gated community, overlooking some of the
most coveted, unobstructed views of the Blue Pacific Ocean and the
beautiful hills of Catalina Island. The large entry greets you with
high vaulted ceilings, and has a beautiful dedicated wet bar with
double french doors, mirrored glass shelves, sink, and a small bar
refrigerator. Step into this open villa which features fully
vaulted wood beamed ceilings, a large step-down living room with a
wood burning fireplace and double French doors leading to an
expansive deck for entertaining and capturing the breathtaking
panoramic ocean views. Enjoy a well appointed kitchen with granite
counter tops, mahogany cabinetry, and stainless appliances, and a
bar counter top. A large separate dining room with double French
doors leading to the huge patio all overlooking the beautiful ocean
views, thus making this a great space to entertain and enjoy a
dinner party. This Villa boasts two of the three bedrooms as Master
suites, all with full ocean view. The oversize main master
bedroom is closest to the ocean, and boasts a wood burning
fireplace, a large sitting room, and double French doors opening to
the spacious deck overlook the ocean. The en-suite "spa like"
main bath has all the amenities one would expect from a high end
one of a kind property. the large en-suite bathroom features,
double sink vanity, a large oval soaking tub, large walk-in shower,
and a separate water closet. This bedroom also has a walk in
closet. A second en-suite main bedroom has a large built in closet,
French doors to the deck and the sea, and the bath features a large
oval soaking tub, step-in shower, and double vanity sinks. Fall
asleep to the sounds of the ocean and awake too beautiful sunrises.
A third guest bedroom and a 3/4 guest bath with tiled step in
shower. Architectural features, high vaulted wood beamed ceiling,
beautiful built-in cabinetry and shelves, travertine flooring flows
throughout and breath taking views from every room. This
exceptional villa comes beautifully furnished and includes a
golf cart.
Unit Size
2,469 Ft²
Days on Market
62 days
Land Size
18.52 acres
Price per sqft
$951
Property Type
Condo
Property Taxes
-
HOA Dues
$1,620
Year Built
1991
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Cap Rate
100% Occupancy
N/A (extreme outlier)
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.
Interior Features: Beamed Ceilings, Wet Bar, Builtin Features, Balcony, Ceiling Fans, Cathedral Ceilings, Furnished, Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Storage, Bar, Bedroomon Main Level, Main Level Primary, Primary Suite
Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Water Heater, Dryer, Washer
Flooring Type: Stone
Living Area Square Feet Source: Assessor
Laundry Features: Washer Hookup, Electric Dryer Hookup
Has Fireplace
Living Room, Primary Bedroom, Wood Burning
Exterior Details
Road Frontage Type: PrivateRoad
Property Condition: Turnkey
Year Built: 1991
Parcel Number: 7480047036
Waterfront Features: Beach Access, Ocean Access
Home Type: Residential
Structure Type: MultiFamily
Architectural Style: Mediterranean
Roof: Tile
Window Features: Drapes, Shutters
Construction Materials: Drywall, Stucco
Outdoor Living Structures: Covered, Deck, Open, Patio
Spa Features: Association, Community, Heated, In Ground, Permits
Pool Features: Community, Fenced, Filtered, Electric Heat, Heated, In Ground, Association
Lot Size Source: Assessor
Lot Size Acres: 18.5185
Elevation Units: Feet
Utilities Details
Cooling Type: Electric
Heating Type: Electric
Utilities: Cable Available, Sewer Connected, Underground Utilities, Water Connected
Location Details
Association Amenities: Clubhouse, Dock, Fitness Center, Meeting Room, Other Courts, Barbecue, Picnic Area, Pier, Playground, Pool, Pet Restrictions, Guard, Spa Hot Tub, Security, Tennis Courts
Association Fee: $1,620
Association Fee Frequency: Monthly
Community Features: Mountainous, Water Sports, Fishing, Pool
Security Features: Fire Detection System, Fire Sprinkler System, Smoke Detectors
High School: Call City
High School District: Long Beach Unified
Directions: From the City of Avalon, drive out Saint Catherine Way (west) or towards the Casino Building, follow this road all the way through Descanso Beach and to the front gate of Hamilton Cove. Continue through the gate now on Playa Azul, making a left on La
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