20
Map
117 79TH STREET
About This Property
Soaked in natural light and completely reimagined, this turn-key single-story coastal retreat sits on a premium, oversized corner lot just a short stroll from the sand. Upgraded top-to-bottom in 2024, the bright three-bedroom, two-bath layout effortlessly blends modern luxury with relaxed beachside living. Whether you're searching for a primary coastal residence, a vacation getaway, or an income producing investment property, this turnkey beach house is ready for effortless living.
Property Highlights
Recent Upgrades: Complete interior transformation completed in 2024 (see list in documents), anchored by a sleek, low-maintenance standing-seam metal roof installed in 2023 for ultimate coastal durability.
Sunlit Living Spaces: Open-concept design featuring soaring sightlines, expansive windows, and crisp contemporary finishes that capture coastal light throughout the day.
Gourmet Kitchen & Baths: Fully modernized with designer cabinetry, premium stone countertops, updated fixtures, and upscale flooring.
Outdoor Haven: The sprawling corner lot provides ample space for outdoor entertaining, lush landscaping, or creating your dream backyard oasis-with room for outdoor courts, boat storage, or extended patio living.
Unbeatable Location: Nestled in one of the area's most sought-after, welcoming neighborhoods, you are minutes from top-rated dining, local shopping, parks, and direct beach access.
Income Producing: Buy with $30,000 in 2027 vacation rental bookings already locked in! Available for buyer assumption or delivered with an open calendar- buyers choice.
Owner is Broker Agent
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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 |
|---|---|---|---|
| Sep 25, 2026 | Price Decreased |
$1,349,000
↓ $100K
(6.9%) | |
| Price Decreased | |||
| Aug 31, 2026 | Listed by BAILEY AND ASSOCIATE | $1,449,000 | |
| Listed by BAILEY AND ASSOCIATE | |||
| Jun 23, 2023 | Sold | ||
| Sold | |||
| Apr 4, 2023 | Listed by BAILEY AND ASSOCIATE | $1,290,000 | |
| Listed by BAILEY AND ASSOCIATE | |||
| Jun 23, 2003 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017