32
Map
161 Norwood Drive
About This Property
Whether you're looking for the perfect beach getaway, a short-term rental investment, or a property with the potential to expand into a larger full-time residence in the future, this charming cottage offers endless possibilities. Properties with this kind of history, character, and proximity to the Gulf are truly hard to find. Come experience the laid-back coastal lifestyle and make this unique beach escape your own!
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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%.
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 |
|---|---|---|---|
| Sep 30, 2026 | Listed by RE/MAX Agency One | $1,700,000 | |
| Listed by RE/MAX Agency One | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| Jun 20, 2026 | Listed by RE/MAX Agency One | $1,000,000 | |
| Listed by RE/MAX Agency One | |||
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Dreaming of a classic Florida beach cottage just steps from the Gulf? This rare gem captures the charm of Old Florida while placing sugar-white sands and emerald waters practically at your doorstep. Built in 1940 and full of character, this one-of-a-kind retreat offers peekaboo Gulf views from your covered front porch and an unbeatable location just steps from paradise. With the beach access boardwalk approximately 300 feet away and sugar-white sand less than 600 feet from your doorstep, morning walks and sunset views can be part of your everyday routine.
Whether you're looking for the perfect beach getaway, a short-term rental investment, or a property with the potential to expand into a larger full-time residence in the future, this charming cottage offers endless possibilities. Properties with this kind of history, character, and proximity to the Gulf are truly hard to find. Come experience the laid-back coastal lifestyle and make this unique beach escape your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017