165 S BEACH Drive
About This Property
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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 |
|---|---|---|---|
| Feb 25, 2020 | Sold | ||
| Sold | |||
| Mar 9, 2019 | Listed by RE/MAX UNLIMITED | $425,000 | |
| Listed by RE/MAX UNLIMITED | |||
| Apr 13, 2018 | Listed by DAVIDSON REALTY, INC. | $439,900 | |
| Listed by DAVIDSON REALTY, INC. | |||
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STEPS FROM THE BEACH! NO FLOOD INSURANCE REQUIRED! Enjoy the sounds and breeze of the ocean in the lovely South Beach neighborhood. This pristine cocktail pool home has plenty of privacy in the back of the neighborhood near the marsh. The freshly painted exterior which was done in 2017 and gorgeous manicured yard welcomes you home as you walk up to the house. The elegant glass front door opens into the foyer where you will find a large family and dining room with new lighting fixtures. Windows spread across the back of the family room where the peaceful screened lanai with a small pool awaits. There is complete privacy with natural landscaping and bamboo across the back yard. An extra patio outside the lanai is a perfect place to grill and get a glimpse of the marsh. There is a nice sized kitchen with a breakfast area complete with new granite counter tops, lighting and a walk in pantry. The plantation shutters throughout the home are just another upscale feature. Two bedrooms on the bottom floor which could also be used as a master suite are connected by a bathroom with two sinks, tub/shower and water closet. The upstairs master suite also has an added sun room and large bathroom with roman tub along with a separate shower and two sinks. The roof is only 4 years new and has a transferable warranty. No hurricane damage and no flooding in the neighborhood. They have an excellent drainage system in this neighborhood that is taken care of by the HOA. There is deeded access to the beach for this neighborhood and it is just a short stroll to Caps for dinner!
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| Oct 22, 2014 | Sold | ||
| Sold | |||
| Jun 28, 2014 | Listed by RE/MAX UNLIMITED | $434,900 | |
| Listed by RE/MAX UNLIMITED | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017