141 Redfish Circle
About This Property
This home has been meticulously maintained and upgraded throughout, with a new oven and washing machine, all new lighting fixtures and ceiling fans, and recessed lighting with dimmers added in the living room, kitchen, and primary bedroom. Spray foam insulation beneath the home and in the attic along with new ductwork improve efficiency and comfort year round. The front of the home, all porches, and the roof soffit have been restored and repainted, and indoor stair railings have been installed. The back yard has been fully remodeled with pavers, turf, white rocks, and pine straw. The back porch is ideal for outdoor dining, and the new pergola with outdoor television is perfect for football Saturdays.
The location speaks for itself: walking or golf cart distance to the Blue Mountain Beach access with bathrooms and showers, Blue Mountain Beach Creamery, and neighborhood favorites for dining and coffee, with Grayton Beach and Gulf Place just a short trip away.
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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 27, 2026 | Price Decreased |
$850,000
↓ $19K
(2.2%) | |
| Price Decreased | |||
| Sep 17, 2026 | Price Decreased |
$869,400
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Sep 9, 2026 | Price Decreased |
$874,400
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Aug 11, 2026 | Listed by Scenic Sotheby's International Realty | $879,400 | |
| Listed by Scenic Sotheby's International Realty | |||
| Mar 1, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017