1
Map
12633 3RD ISLE
About This Property
Opportunity knocks for the buyer looking to build instant sweat equity! This waterfront home features 90 feet of seawall with a west-facing backyard, offering beautiful sunset views and excellent Gulf access.
The home is a repaired sinkhole property with documentation available. It also experienced only a few inches of water intrusion during Hurricane Helene, with the water entering and receding quickly. No post-flood permits have been pulled, meaning the next owner will need to obtain the initial post-flood permit and complete the required Substantial Damage (SD) packet before beginning renovations.
The kitchen is fully functional but proudly sporting its 1970s charm, making it the perfect opportunity for a modern makeover when you're ready. Baseboards have been removed following the flood.
The floating dock will need repair. Please use caution.
This home is priced to reflect its current condition and offers an outstanding opportunity for the right buyer.
Bring your vision, add your personal touches, and unlock the incredible potential this waterfront property has to offer!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 30, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 18, 2026 | Listed by BHHS FLORIDA PROPERTIES GROUP | $280,000 | |
| Listed by BHHS FLORIDA PROPERTIES GROUP | |||
| Aug 4, 2021 | No longer available | - | |
| No longer available | |||
| Jun 27, 2021 | Price Decreased |
$344,900
↓ $10K
(2.9%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017