113 Gull DRIVE
About This Property
The true highlight of this home is the outdoor living space. Full-length glass sliders at the back of the home lead to a screened lanai where you can experience true coastal living - feel the tropical breezes, listen to ocean waves and spot manatees from this favorite indoor/outdoor space. Step out to the massive pool deck with private spa and newly remodeled pool. The back yard is beautifully landscaped with gorgeous mature trees adding to the privacy and serenity of the property. Take in sunsets or fish from the private dock, which also includes a10,000lb. boat lift. Just a short distance from the Islands pristine beaches, charming shops, and renowned restaurants. This home is a perfect island investment with impressive rental income and as a private retreat for making memories with your family. This gorgeous home and property are a dream come true for those seeking the ultimate coastal living experience!
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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 |
|---|---|---|---|
| May 6, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | In contract | - | |
| In contract | |||
| Feb 24, 2024 | Price Decreased |
$2,750,000
↓ $150K
(5.2%) | |
| Price Decreased | |||
| Feb 9, 2024 | Price Decreased |
$2,899,999
↓ $100K
(3.3%) | |
| Price Decreased | |||
| Jan 8, 2024 | Relisted | $2,999,999 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017