17 Honor Lane
About This Property
Outdoor enthusiasts will appreciate the home's proximity to the scenic Deer Lake State Park and the 30A Timpoochee Trail, where nature trails, a dune boardwalk, and Gulf beach access encourage biking, hiking, bird-watching, and morning runs through rare coastal dune habitat just minutes from Grace Point. The separate private access gate directly into the WaterSound Beach Club (membership required) elevates resort living with private beach access, dining, fitness, and social spaces few homes along 30A East can offer. With a whole-house generator for resilience, designer furnishings (with select exclusions), gated privacy, and a 30-day minimum rental policy supporting a quieter residential environment, this residence sets the standard for elevated coastal living steps from sugar-white sands and premier outdoor recreational experiences.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017