15
Map
1371 W Terra Mar Drive
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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%.
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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.
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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Price Decreased |
$9,950,000
↓ $1M
(9.1%) | |
| Price Decreased | |||
| Feb 20, 2026 | Listed by Douglas Elliman | $10,950,000 | |
| Listed by Douglas Elliman | |||
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Positioned along 90 feet of prime Intracoastal frontage, this newly completed coastal contemporary estate is defined by its unobstructed, open bay views. Expansive walls of glass dissolve the boundary between indoors and out, capturing sweeping vistas from nearly every room and filling the home with natural light from sunrise to sunset.Thoughtfully designed for both refined daily living and elevated entertaining, the open-concept interiors are anchored by a dramatic architectural staircase and enhanced with bespoke finishes throughout. A chef’s kitchen with a full catering pantry, private theater, home office with floor to ceiling glass and waterfront bar complement the seamless flow to the resort-style pool terrace, where fire features and a summer kitchen overlook the wide-open bay.
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| Oct 2, 2024 | Listed | $9,995,000 | |
| Listed | |||
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Located directly on 90ft of direct intracoastal waterway on beautiful auto-gated Terra Mar Island with nearby beach access! Stunning CUSTOM Coastal Contemporary residence (completion May 1, 2025). Mesmerizing views over wide expanse of Lake Santa Bay & intracoastal, a unique & tranquil setting. Architect Bruce Celenski. Z Construction & Artistic Elements collaborate to bring a highest level of customization. Exciting floorplan & ultimate open concept living: great room, waterfacing bar area (open to Summer kitchen), chef's kitchen, butler's pantry, dramatic staircase, 2 bedroom suites, Covered terrace & poolside firepit. Glass garage display wall. Elevator open to loft area, office/bedroom 5, ultra-luxurious primary suite, steam shower & sauna, spa bath & separate closets. Must see!
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About Terra Mar Island Estates
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$6,500 /mo
- 2 Beds
- 2 Baths
- 1,463 ft²
$3,200 /mo
- 1 Bed
- 1 Bath
- 738 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017