13 Water Key
About This Property
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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 8, 2025 | Sold | ||
| Sold | |||
| Aug 11, 2025 | In contract | - | |
| In contract | |||
| Jun 23, 2025 | Listed by XL Legacy International | $445,000 | |
| Listed by XL Legacy International | |||
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HARBORWALK BAYFRONT!!! Amazing unobstructed views of West Galveston Bay, the Intracoastal Waterway, & Galveston Island. Minimum sq ft to build is 2800 & will accommodate a double boathouse (30'x35') with enough room for two bay boats, jet skis or additional watercraft. Build your Bayfront dream when ready, no time frame to build & choose your own builder. Harborwalk is an exclusive gated waterfront community on West Galveston Bay & offers excellent fishing, bird-watching, hike and bike trails, kayaking, full service marina, Flamingo Bar & yacht club with ship's store and deli, boat ramp, fish clean station, Harborwalk Lodge & Event Center, community events & more. 42 miles to downtown Houston, 12 miles to the Galveston Strand, located on the mainland without the island traffic! Don't miss out on this opportunity to own one of Harborwalk's most desired locations!
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| Aug 15, 2024 | Price Decreased |
$395,000
↓ $155K
(28.2%) | |
| Price Decreased | |||
| Feb 4, 2024 | Listed | $550,000 | |
| Listed | |||
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HARBORWALK BAYFRONT!!! Amazing unobstructed views of West Galveston Bay, the Intracoastal Waterway, & Galveston Island. Minimum sq ft to build is 2800 & will accommodate a double boathouse (30'x35') with enough room for two bay boats, jet skis or additional watercraft. Build your Bayfront dream when ready, no time frame to build & choose your own builder. Harborwalk is an exclusive gated waterfront community on West Galveston Bay & offers excellent fishing, bird-watching, hike and bike trails, kayaking, full service marina, Flamingo Bar & yacht club with ship's store and deli, boat ramp, fish clean station, Harborwalk Lodge & Event Center, community events & more. 42 miles to downtown Houston, 12 miles to the Galveston Strand, located on the mainland without the island traffic! Don't miss out on this opportunity to own one of Harborwalk's most desired locations!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017