1511 Blue Water Drive
About This Property
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 |
|---|---|---|---|
| Jul 22, 2024 | Sold | ||
| Sold | |||
| Jun 25, 2024 | In contract | - | |
| In contract | |||
| Jun 14, 2024 | No longer available | - | |
| No longer available | |||
| Jun 13, 2024 | Listed by Land Shore Realty Group | $370,000 | |
| Listed by Land Shore Realty Group | |||
| Oct 3, 2023 | Listed by Land Shore Realty Group | $324,900 | |
| Listed by Land Shore Realty Group | |||
| | |||
|
Discover this updated canal-front gem nestled in the serene Hide-A-Way community. Thanks to its unique location, you'll enjoy expansive water views up the canal and across Oyster Creek. Revel in the chic and updated kitchen and the redesigned bathrooms – one tailored for wheelchair accessibility and the other with an oversized jacuzzi tub, ensuring every guest feels at home. For boating enthusiasts, the property features a bulkhead equipped with electricity and water. The canals, dredged in 2022, open up the possibilities for maritime escapades into the ICW, Gulf of Mexico, and surrounding Bays via Oyster Creek.
On the ground level, you'll find covered parking, a utility lift, ample storage w/ two storerooms, concrete pilings, and plenty of outdoor living space. Plus, should you wish to expand your haven, the adjacent lot is available for purchase! Community perks? Gated pool, clubhouse w/ pool table & shuffleboard table, playground, dog park, and boat ramp. List of updates available.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017