890 Park 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 |
|---|---|---|---|
| Sep 3, 2025 | Sold | ||
| Sold | |||
| Aug 14, 2025 | In contract | - | |
| In contract | |||
| Jun 11, 2025 | Price Decreased |
$10,900,000
↓ $3M
(20.7%) | |
| Price Decreased | |||
| May 28, 2024 | Listed | $13,750,000 | |
| Listed | |||
| | |||
|
Ocean views, newly remodeled interiors, and an A+ location make this the ultimate Montecito destination! Whether you are looking for generous scale, an open floor plan, abundant natural light, or an epic primary suite, you'll find everything on your wishlist and more at this beautiful Park Lane estate. The kitchen/family room is the true heart of the home and celebrates the marriage of form and function. Chic details include Moroccan tile and floating shelves, professional appliances, and a wine fridge. Sliding doors lead to the pool and yard, making it easy to keep an eye on outdoor activities from both the kitchen and family room. The epic primary is a spacious oasis with 3 walk-in closets, 2nd laundry, and a private office. An ADU offers flexible space to fit your every need.
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| Jun 16, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017