111 HERON DUNES DRIVE
About This Property
Located in the highly sought-after Pelican Bay community of Ormond-by-the-Sea, this beautifully updated 3-bedroom, 2-bathroom home offers the perfect blend of modern elegance and coastal living. Just a short walk to the beach, this property features a solar-heated saltwater pool, a newly added pool cabana with an outdoor kitchen, and a private backyard backing up to a 10-foot conservation area for added tranquility.
Inside, the fully remodeled kitchen is a chef's dream, featuring custom solid maple soft-close white shaker cabinets, granite countertops, and high-end appliances. The open floor plan is highlighted by vaulted ceilings, creating a bright and airy living space.
Both bathrooms have been completely redesigned to feature walk-in showers and new vanities with solid surfaces, blending style and functionality.
The newly built outdoor kitchen and cabana provide the ultimate entertaining space, complete with a built-in grill, beverage cooler, TV, and bar seating.
Additional upgrades include:
Hurricane-rated windows & doors (2019)
New HVAC system (2021)
New architectural roof (2019)
Tile flooring throughout
New irrigation system & well (2019)
Gambrel shed with golf cart storage
Located in a quiet and peaceful neighborhood, this home is also within close proximity to High Bridge Boat Ramp, offering convenient access for boating, kayaking, and fishing enthusiasts.
This move-in-ready home offers beachside living at its finest don't miss this rare opportunity! Schedule your private showing today!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 17, 2025 | In contract | - | |
| In contract | |||
| Sep 12, 2025 | Price Decreased |
$549,000
↓ $16K
(2.8%) | |
| Price Decreased | |||
| Sep 5, 2025 | Price Decreased |
$565,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Aug 18, 2025 | Price Decreased |
$575,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017