1051 Ocean Shore BOULEVARD #502
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Nov 14, 2025 | Price Decreased |
$449,000
↓ $26K
(5.5%) | |
| Price Decreased | |||
| Jul 31, 2025 | Price Decreased |
$475,000
↓ $24K
(4.8%) | |
| Price Decreased | |||
| Jun 27, 2025 | Listed by 386REALESTATE.COM | $499,000 | |
| Listed by 386REALESTATE.COM | |||
| | |||
|
*New AC 2024, New electric hurricane shutters 2024* Enjoy postcard-worthy panoramas of the brilliant blue Atlantic coastline from this weekly-rental turn-key condo situated along the traffic-free sands of Ormond Beach. Direct oceanfront living awaits from this furnished sky home featuring tile and carpet flooring, huge windows, recessed lighting and crown molding. The open kitchen has been wonderfully upgraded with granite counters, ample cabinetry, and quality stainless steel appliances. Retreat to the primary suite which provides opulent oceanfront views and beachfront balcony access. For your convenience, this unit features a private laundry room, just outside the unit door, with a full size washer and dryer. Enjoy this condo year-round, as a full-time rental investment property, or as a mixture of rental income and summer beach fun - the choice is yours! At Van Lee residents rave about the convenient location near shopping and bridge access, with community amenities that include an oceanfront lap pool, an oceanfront club room, a sprawling beachfront pool deck, a library and more. Don't miss your chance at one of Florida's best beach condos!
| |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/27/2025
|
2 Bed
|
2 Bath
|
1200 ft²
|
$499,000
2 Bed
2 Bath
1200 ft²
|
$435,500
-12.73%
12/12/2025
|
Kevin Kling
Gaff's Realty Company
| |
|
05/29/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$495,000
2 Bed
2 Bath
1200 ft²
|
$465,000
-6.06%
08/28/2024
|
Rachel McGrath
Premier Sotheby's International Realty
| |
|
04/23/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$549,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
SHIMON MEIR
SLATE REAL ESTATE
| |
|
04/15/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$499,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
Geraldine Westfall Adams
Geri Westfall Real Estate
| |
|
03/21/2024
|
2 Bed
|
2 Bath
|
1200 ft²
|
$550,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Angela Dimauro
Aloha Realty of Florida LLC
| |
|
02/21/2024
|
3 Bed
|
3 Bath
|
1836 ft²
|
$725,000
3 Bed
3 Bath
1836 ft²
|
$685,000
-5.52%
04/30/2024
|
Rachel McGrath
Premier Sotheby's International Realty
| |
|
09/08/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$519,000
2 Bed
2 Bath
1200 ft²
|
$495,000
-4.62%
10/18/2023
|
Lori Schultz
PREMIER SOTHEBYS INTL REALTY
| |
|
08/25/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$467,500
2 Bed
2 Bath
1200 ft²
|
$467,500
09/20/2023
|
NON MLS
NON MLS
| |
|
08/05/2023
|
3 Bed
|
3 Bath
|
1836 ft²
|
$600,000
3 Bed
3 Bath
1836 ft²
|
-
-
|
Breana Akerberg
Adams, Cameron & Co., Realtors
| |
|
06/15/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$439,900
2 Bed
2 Bath
1200 ft²
|
$422,500
-3.96%
09/01/2023
|
Lori Jean Schultz
RE/MAX Services
| |
|
03/31/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$475,000
2 Bed
2 Bath
1200 ft²
|
$487,000
+2.53%
05/17/2023
|
Dawn Larsen
Adams, Cameron & Co. REALTORS
| |
|
03/28/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$525,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Robert Allen
RE/MAX PALM REALTY
| |
|
03/28/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$465,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Robert Allen
RE/MAX PALM REALTY
| |
|
03/28/2023
|
2 Bed
|
2 Bath
|
1200 ft²
|
$559,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Robert Allen
RE/MAX PALM REALTY
| |
|
08/26/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$475,000
2 Bed
2 Bath
1200 ft²
|
-
-
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
07/30/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$497,500
2 Bed
2 Bath
1200 ft²
|
$497,500
08/19/2022
|
Giselle Ramirez
CHARLES RUTENBERG REALTY ORLANDO
| |
|
07/26/2022
|
2 Bed
|
2 Bath
|
1200 ft²
|
$579,900
2 Bed
2 Bath
1200 ft²
|
-
-
|
Kelley K Sarantis
Bob Hodges And Sons Realty
| |
|
11/19/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$390,000
2 Bed
2 Bath
1200 ft²
|
$420,000
+7.69%
03/01/2022
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
10/23/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$360,000
2 Bed
2 Bath
1200 ft²
|
$380,000
+5.56%
11/29/2021
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
09/24/2021
|
3 Bed
|
3 Bath
|
1836 ft²
|
$669,900
3 Bed
3 Bath
1836 ft²
|
-
-
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
09/03/2021
|
3 Bed
|
3 Bath
|
1836 ft²
|
$560,000
3 Bed
3 Bath
1836 ft²
|
$573,000
+2.32%
11/03/2021
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
07/19/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$365,000
2 Bed
2 Bath
1200 ft²
|
$392,000
+7.40%
09/24/2021
|
Dawn Larsen
Adams, Cameron & Co., Realtors
| |
|
03/26/2021
|
2 Bed
|
2 Bath
|
1200 ft²
|
$325,000
2 Bed
2 Bath
1200 ft²
|
$359,000
+10.46%
04/27/2021
|
Dawn Larsen
| |
|
12/17/2020
|
3 Bed
|
3 Bath
|
1836 ft²
|
$525,000
3 Bed
3 Bath
1836 ft²
|
-
-
|
-
| |
|
07/26/2019
|
2 Bed
|
2 Bath
|
1200 ft²
|
$329,900
2 Bed
2 Bath
1200 ft²
|
$315,000
-4.52%
09/24/2019
|
Brian Madsen
| |
|
11/30/-0001
|
2 Bed
|
2 Bath
|
1200 ft²
|
$519,000
2 Bed
2 Bath
1200 ft²
|
$495,000
-4.62%
10/17/2023
|
Lori Jean Schultz
RE/MAX Services
|
Building Info
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017