115 Hatteras Road
About This Property
Outdoor living is unmatched with steps leading directly into the lagoon, an above-ground pool, hot tub, and fire pit on a spacious paver patio. The very large backyard provides plenty of room to entertain, relax or store your boat on the property. There is a Lighthouse at lagoon side that lights at night along with outdoor lighting features. An upper level, all season sunroom, opens to 2 decks on either side with gas line in place The gas line can be used for a barbecue grill. There is water on each side of deck with hoses for herbal garden or just clean up.
Inside the home, the open concept floor plan is designed for comfortable living and entertaining. The updated Kitchen features Luxury vinyl plank flooring, a center island with a quartz top and cabinets beneath for storage, quartz countertops, stainless steel appliances, a garbage disposal, and abundant workspace. Hardwood floors extend throughout the Living Room, Dining Room, and all season Sunroom, where a stunning Palladian window showcases breathtaking lagoon views. Additional highlights include recessed lighting, central vacuum. ceiling fans and tasteful window treatments. The primary bedroom offers a sliding glass door leading to the upper deck, creating a private retreat with beautiful water views. The full upper level Bath has a relaxing jetted tub, and tiled finishes. There are 2 more bedrooms on this level. The lower level includes a spacious carpeted family room with a wood-burning fireplace with a granite mantle and shelf, an additional bedroom, and a lovely appointed full bath with a heated shower seat, heated floor, double sinks, and tile finishes. A separate laundry/utility room includes a washer and dryer along with direct access to the garage. Additional features include maintenance-free stone landscaping, TV's and mounting brackets that will stay and countless upgrades that make this property move-in ready. This is a rare opportunity to own an incredible waterfront home where every day feels like a vacation. Must see!
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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 1, 2026 | Sold | ||
| Sold | |||
| Aug 10, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Listed by RE/MAX at Barnegat Bay | $999,999 | |
| Listed by RE/MAX at Barnegat Bay | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017