11 Sandbar Drive
About This Property
Absolutely enchanting REMODELED SINGLE LEVEL home with OCEAN VIEWS. Absolutely stunning beach home from the moment you step through the custom entry gate, you feel at home. Beautifully landscaped and well manicured gardens plus the decorative and generous use of flagstone grounds leading to the custom entry. Custom limestone flooring throughout. Granite and marble counter tops and the kitchen is a dream for any chef. Sub-Zero and high profile appliances complete the light and bright room. Expanded and added windows brighten the breakfast nook outlook to the lush gardens. LOCATION, LOCATION, LOCATION!
The property sits on a raised interior lot allowing for sit-down Ocean views from the living room, recreation room and main bedroom suite. The smooth walls and bull-nosed corners add that additional touch of elegance. The home was re-plumbed in 2014.
Custom windows and doors throughout. You will know you are home when you walk through to the Ocean view rear patio, with custom fire-pit and seating among the lush landscaping, enhances your indoor / outdoor living and entertaining along the Newport Coast.
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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 |
|---|---|---|---|
| Aug 16, 2023 | Sold | ||
| Sold | |||
| Jul 3, 2023 | Listed by Wyrick & Associates Real Estate | $2,749,000 | |
| Listed by Wyrick & Associates Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017