15000 GULF BLVD #408
About This Property
Additional conveniences include in-unit full-size washer and dryer and private storage. 408 features an assigned under-building
parking on the second level. The community spans 4.5 acres with over 700 feet of frontage on the Gulf of America. Ocean Sands has
excellent financials, and maintains a reasonable monthly condo fee. There is plenty of parking for your guests as well. 408 is equally suited for immediate enjoyment or a personalized remodel-making it an exceptional choice for discerning buyers.
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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 |
|---|---|---|---|
| Mar 18, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Jan 29, 2026 | Price Decreased |
$780,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Nov 17, 2025 | Price Decreased |
$800,000
↓ $25K
(3%) | |
| Price Decreased | |||
| Oct 15, 2025 | Listed by DOIRON REALTY INC | $825,000 | |
| Listed by DOIRON REALTY INC | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/15/2025
|
2 Bed
|
2 Bath
|
1225 ft²
|
$825,000
2 Bed
2 Bath
1225 ft²
|
$725,000
-12.12%
03/18/2026
|
Pete Doiron
DOIRON REALTY INC
|
Building Info
About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017