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147 Charlotte Avenue
About This Property
From the moment you arrive, the home sets the tone with light filled interiors, an open concept floor plan, and seamless indoor outdoor flow. Natural stone countertops, luxury vinyl plank flooring, and curated finishes elevate the living spaces, while expansive sliding glass doors open directly to the private heated pool and outdoor entertaining area, ideal for gathering after a day at the beach or relaxing poolside in the sun. Each of the eight bedrooms features its own en-suite bathroom, creating private retreats throughout the home. Multiple king suites span all levels, complemented by a custom bunk room designed for flexibility and functionality. Second and third floor balconies offer quiet spaces to unwind, enjoy coastal breezes, or start the morning with coffee in hand.
The home is offered fully furnished and includes a street legal golf cart, making ownership truly turnkey. Thoughtful amenities such as a centrally located laundry room, multiple balconies, and well planned shared and private spaces make this property equally well suited as a primary residence, second home, or high-performing investment.
With strong rental performance already in place ($50k as of Feb 2026), and projected potential up to $220,000 annually, this property presents a compelling opportunity for the next owner to enjoy both lifestyle and income.
Just a short walk from beach access and moments from dining, shopping, and entertainment, 147 Charlotte Avenue delivers location, design, and proven performance in one exceptional Frangista Beach offering.
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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 7, 2026 | Sold | ||
| Sold | |||
| Sep 7, 2026 | In contract | - | |
| In contract | |||
| Feb 10, 2026 | Listed by Compass | $1,899,000 | |
| Listed by Compass | |||
| Apr 24, 2025 | Price Decreased |
$1,899,000
↓ $50K
(2.6%) | |
| Price Decreased | |||
| Jan 29, 2025 | Price Decreased |
$1,949,000
↓ $50K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017