140 Pleasant Street
About This Property
Never rented and meticulously maintained, the home preserves its designer finishes while offering flexibility as either a luxury second home or investment-grade property.
Inside, authentic coastal character meets elevated upgrades. Whitewashed flooring, curated designer lighting, and a wood-burning fireplace introduce warmth rarely found in newer 30A construction. The chef's kitchen anchors the main living space with an oversized quartz island, commercial-grade Sub-Zero refrigeration, custom bar area with wine refrigerator, and updated ice maker designed for effortless entertaining. Three sets of French doors create seamless indoor-outdoor flow.
The first-floor primary suite offers privacy and scale, featuring a soaking tub, spacious walk-in shower, and generous closet space. Upstairs, two additional bedrooms, two full baths, and a flexible bonus space accommodate guests, a home office, bunk configuration, or media lounge. Currently has a queen sleeper sofa.
The homesite represents a meaningful advantage within Prominence South, with room to accommodate a private pool subject to HOA and local approval. A brick paver patio enhances outdoor living, while the alley-accessed detached two-car garage and extended driveway provide added privacy and parking capacity.
Recent improvements support turnkey ownership and rental readiness, including a new heat pump (2023), exterior repaint (2025), Nest thermostats, GE washer and dryer (2021), updated furnishings (2025), Schlage keyless entry, and active Sentricon termite protection through January 2027.
A 2022 HDK Forester 4+2 LSV golf cart is available for separate purchase.
With close proximity to the Gulf, dining, shopping, and the architectural prestige of Alys Beach and Rosemary Beach, this oversized south-of-30A homesite presents a rare opportunity to secure a never-rented coastal residence with expansion upside in one of 30A East's most sought-after investment corridors.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017