1423 Bayshore Drive
About This Property
Imagine waking up each morning to panoramic views of Boggy Bayou, coffee in hand, watching the sunlight dance across the water. This rare 0.63-acre high-and-dry waterfront property offers 112 feet of shoreline without the worry of required flood insurance-giving you peace of mind along with endless potential.
With 5 bedrooms, 3 bathrooms, and 3,184 square feet, there's space here for everyone to spread out and make memories. Whether you envision an entertainer's dream with sweeping decks overlooking the bayou, a private retreat for quiet mornings by the water, or a modern coastal showplace, this home is your canvas.
Yes, it needs work-but that's the opportunity. This is your chance to take a solid foundation and reimagine it into the waterfront paradise you've always dreamed of!
Paddleboard at sunset, fish from your backyard, or simply sit and soak in the beauty of life on the bayou.
Waterfront living is about more than just a homeit's a lifestyle. And here, the possibilities are as wide as the water view.
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 |
|---|---|---|---|
| Oct 3, 2025 | Sold | ||
| Sold | |||
| Sep 14, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Listed by Berkshire Hathaway HomeServices PenFed Realty | $1,050,000 | |
| Listed by Berkshire Hathaway HomeServices PenFed Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017