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1509 OCEANFRONT
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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%.
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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 |
|---|---|---|---|
| Jan 16, 2026 | Sold | ||
| Sold | |||
| Dec 18, 2025 | In contract | - | |
| In contract | |||
| Oct 18, 2025 | Price Decreased |
$5,995,000
↓ $505K
(7.8%) | |
| Price Decreased | |||
| Jul 4, 2025 | Listed by RE/MAX SPECIALISTS PV | $6,500,000 | |
| Listed by RE/MAX SPECIALISTS PV | |||
| Jan 17, 2025 | Listed | $6,799,000 | |
| Listed | |||
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Oceanfront Neptune Beach with POOL approval remodeled inside and out by Barnett Custom Homes. Curated to capture the the beautiful Atlantic Ocean views and white sand beaches! Over 3,500 sq. feet, 4 bedrooms, 4.5 bathrooms, office, 2 laundry rooms and a 2 car garage. All bedrooms have en-suite bathrooms. Taken down to the studs, the floor plan has been modified and all new finishes, drywall, electrical, plumbing, HVAC. Exterior to include new tile roof, new stucco, new Marvin impact glass windows & doors. This concrete block (1st level) home was built with auger concrete pilings. Kitchen selections include, Wolf gas range, Sub zero, full overlay cabinetry, quartzite countertops. Wood flooring throughout. All new bathrooms will impress with Delta & Brizo fixtures, marble/stone or porcelain tile, designer lighting. Expansive balcony and covered lanai provide exquisite views of the coastline. Walkable to Beaches Town Center shops & restaurants. Home to be complete Summer 2025. Exterior and Structural Updates:
* Concrete Block First Level
* Concrete Auger Pilings in Foundation
* New Impact Glass Windows and Doors
* New Tile Roof
* New Smooth Stucco Exterior Finish
* New Plumbing
* New Electrical
* New HVAC & Ductwork
* New Balcony
* New Covered Lanai and Patio
Interior Finishes:
* Full Overlay Cabinets with Soft Close & Dovetail Drawers
* Quartz & Quartzite Countertops
* Plumbing Fixtures include Delta, Brizo or Similar
* Designer Lighting & Mirror Package with brands such as
Visual Comfort, Hudson Valley & Palecek
* Wood Flooring Throughout
* Stone, Porcelain & Ceramic Tile in All Bathrooms
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017