1205 GULF WAY
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Oct 26, 2025 | Listed by EXP REALTY | $4,000,000 | |
| Listed by EXP REALTY | |||
| Jan 27, 2025 | Listed | $4,000,000 | |
| Listed | |||
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Gulf-Front Luxury in Pass-A-Grille – Breathtaking 180° Water Views!
Welcome to your dream beachfront retreat in the heart of Pass-A-Grille! This stunning furnished and turnkey three-story, 4-bedroom, 3-bath home offers unobstructed 180-degree views of the Gulf of Mexico and a rare blend of luxury, durability, and functionality.
Built in 2013 with solid block construction, this home boasts concrete decks on all levels, hurricane-rated windows and doors, hurricane clips on the roof, and water-resistant sheetrock (up to 5 ft) on the first floor—all ensuring peace of mind and superior storm protection.
The open-concept design is perfect for entertaining, with gulf-facing balconies providing front-row seats to breathtaking sunsets. The chef’s kitchen, fully equipped, seamlessly flows into the dining, sitting, and living room areas for an effortless coastal lifestyle.
An elevator shaft is already in place from the ground level to the third floor, offering buyers the option to install their own private elevator.
The ground-level bonus room offers endless possibilities—perfect for a home gym, yoga studio, office, or a stylish man/she cave. A garage door opens directly to a patio, making it ideal for a future poolside lounge.
With a 3-car garage, 6 vehicle driveway, fenced in property, and upcoming new gutters (scheduled for late February/early March), this home is truly move-in ready.
The oversized 6,686 sq ft lot has plenty of room for a buyer’s dream size pool, outdoor kitchen, grill station, and seating.
The home is just two beach blocks north of Pass-a-grille’s historic downtown, which offers over a dozen open businesses from restaurants, shops, bars, and boutique hotels. Merry Pier located in downtown offers fishing and boat charters to Shell Island, Fort Desoto, and Eggmont Key.
Seven beach blocks north of the property enjoy a couple restaurants, bars, and Shaner’s meat and seafood market for easy local grocery pick up.
Experience luxury coastal living in one of the most coveted locations on the Gulf Coast. Don’t miss your chance to own this exceptional beachfront haven!
The home is currently tenant occupied and under contract until December 2025. Rent is $8600 a month and tenants pay all utilities.
Do not disturb tenants. Sellers agent to accompany all showings.
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| Jan 19, 2012 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017