1903 GULFVIEW DRIVE
About This Property
Designed with privacy in mind, the home features three distinct bedrooms, including a grand primary suite, a spacious guest suite, and a third bedroom. The primary suite is a retreat of its own, complete with an attached sitting room bathed in natural light and stunning Gulf views. A private door opens to a vast back patio deck, perfect for taking in breathtaking western sunsets. The spa-like en suite bathroom offers a luxurious escape with elegant MARBLE FLOORING, an oversized shower with multiple shower-heads, including a rain shower, and a stand-alone soaking tub perfectly positioned for water views. The guest suite also impresses with an oversized layout and an en suite bathroom featuring a beautifully marble surround walk-in shower.
The outdoor living space is just as captivating, featuring a SALT WATER POOL overlooking endless water views, a cozy fire pit for evening gatherings, and a brand-new dock with a boat lift, providing effortless access to the Gulf. This home has been meticulously updated with two new HVAC units, a NEW ROOF, new gutters, brand-new HURRICANE-IMPACT WINDOWS, sliding doors and MUCH MORE. Nearly everything in this home is brand new, making it a rare opportunity for those seeking the ultimate Florida waterfront lifestyle.
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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 |
|---|---|---|---|
| Jul 15, 2025 | Sold | ||
| Sold | |||
| May 21, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Price Decreased |
$1,997,000
↓ $50K
(2.4%) | |
| Price Decreased | |||
| Mar 26, 2025 | Price Decreased |
$2,047,000
↓ $148K
(6.7%) | |
| Price Decreased | |||
| Feb 19, 2025 | Listed by THE MAGNOLIA GROUP OF FLORIDA | $2,195,000 | |
| Listed by THE MAGNOLIA GROUP OF FLORIDA | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017