193 MAR STREET
About This Property
The existing home sustained roof damage in a past storm, leading to water intrusion, and is now the perfect canvas for a luxury renovation or custom new build. Whether you're a homeowner designing a dream coastal retreat, a builder showcasing a flagship waterfront home, or an investor seeking prime Gulf Coast property, this lot delivers exceptional potential.
The location is unbeatable, just a short walk to Pass-a-Grille's white sand beaches, minutes from the iconic Don CeSar Hotel, and close to Shell Key Preserve and Fort De Soto Park.
This is more than a property; it's a boater's paradise and lifestyle investment in one of the Gulf Coast's most desirable neighborhoods.
Schedule your private showing today and see why Vina Del Mar is the ideal setting for your next custom home.
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Nov 15, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Price Increased |
$1,400,000
↑ $100K
(7.7%) | |
| Price Increased | |||
| Aug 29, 2025 | Listed by CENTURY 21 LIST WITH BEGGINS | $1,300,000 | |
| Listed by CENTURY 21 LIST WITH BEGGINS | |||
| Apr 15, 2025 | Price Decreased |
$1,400,000
↓ $150K
(9.7%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017