174 Round Road
About This Property
The main residence features concrete construction, an open living and dining area, high ceilings, hardwood floors, and spacious porches on both levels. The kitchen was newly renovated and expanded in 2026, providing a larger, more functional space for cooking and entertaining. The first floor includes a primary suite, while the second floor offers a second primary suite, guest bedroom, and bunk room.
A detached carriage house, built in 2015, adds a separate living area, kitchen, bedroom, and bunk room, providing flexibility for guests, family, or additional accommodations. The private pool, added in 2016, is located within the home's courtyard and complements the ample outdoor space created by the corner lot.
With its quality concrete construction, thoughtful improvements, private pool, carriage house, and proximity to the beach and Rosemary Beach amenities, the property also offers an uncommon opportunity to expand within the existing lot, subject to applicable Rosemary Beach and regulatory approvals.
Listed By
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017