50
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1922 Blue Water Highway
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 |
|---|---|---|---|
| May 11, 2026 | Listed by The Local Agents Real Estate LLC | $650,000 | |
| Listed by The Local Agents Real Estate LLC | |||
| Apr 29, 2026 | No longer available | - | |
| No longer available | |||
| Oct 28, 2025 | Listed by The Local Agents Real Estate LLC | $650,000 | |
| Listed by The Local Agents Real Estate LLC | |||
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Updates are great! They include new paint and shutters the roof and more!! Please look at the 3D Tour for a good look at this home. 1922 Blue Water is snuggled off a private drive on the beachside of Blue Water Hwy. The owner is deeded access to the beach through a beachfront property to the west of the subdivision. The fenced lot is large and has room under for storage, a hot tub, and shower. Upstairs the deck looks to the east with views of the Gulf. The door opens to the open living room/dining/kitchen area. To the right is a hall with a bedroom to the left and a hall bath to the right. Just past this first bedroom to the rear is another bedroom with a private bathroom. The hall turns to the right and the utility room is to the left, and a primary bedroom with a private bathroom just past the utility room and across the hall, the fourth bedroom and private bathroom is on the right. Beautiful custom finishes and furnishings throughout, make this turnkey rental, perfect.
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| Jun 7, 2025 | Price Increased |
$650,000
↑ $61K
(10.3%) | |
| Price Increased | |||
| Feb 26, 2025 | Listed | $589,500 | |
| Listed | |||
| | |||
|
Updates are great! They include new paint and shutters the roof and more!! Please look at the 3D Tour for a good look at this home. 1922 Blue Water is snuggled off a private drive on the beachside of Blue Water Hwy. The owner is deeded access to the beach through a beachfront property to the west of the subdivision. The fenced lot is large and has room under for storage, a hot tub, and shower. Upstairs the deck looks to the east with views of the Gulf. The door opens to the open living room/dining/kitchen area. To the right is a hall with a bedroom to the left and a hall bath to the right. Just past this first bedroom to the rear is another bedroom with a private bathroom. The hall turns to the right and the utility room is to the left, and a primary bedroom with a private bathroom just past the utility room and across the hall, the fourth bedroom and private bathroom is on the right. Beautiful custom finishes and furnishings throughout, make this turnkey rental, perfect.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017