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202 Kono Way
About This Property
Welcome to your next income-generating paradise! This beautifully furnished 4-bedroom, 3.5-bath retreat is located in the exclusive gated resort-style community of The Villages of Crystal Beach, just 2 blocks from the Gulf.
Thoughtfully designed to sleep up to 12 guests, this home boasts:
-Two luxurious King ensuite bedrooms for ultimate comfort
-A fully stocked gourmet kitchen with stainless steel appliances and granite countertops
-A fun-filled gaming loft with arcade games and a flat-screen TV
-A second-floor balcony perfect for morning coffee or evening cocktails
-Overflow parking lot directly across the street-a major plus for vacationers
-Heated resort-style community pool and spa
-HOA-provide trolley service to and from t he beach
This is a true turnkey short-term rental machine with a proven track recordover $90,000 in revenue in 2024 alone, despite owner usage. Consistently earns 5-star reviews on both Airbnb and VRBO.
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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 |
|---|---|---|---|
| Jun 2, 2026 | Price Decreased |
$859,000
↓ $20K
(2.3%) | |
| Price Decreased | |||
| May 16, 2026 | Price Decreased |
$879,000
↓ $26K
(2.9%) | |
| Price Decreased | |||
| Nov 11, 2025 | Listed by Flat Fee MLS Realty | $905,000 | |
| Listed by Flat Fee MLS Realty | |||
| Aug 15, 2025 | Price Decreased |
$905,000
↓ $44K
(4.6%) | |
| Price Decreased | |||
| Jul 31, 2025 | Listed by FLAT FEE MLS REALTY | $949,000 | |
| Listed by FLAT FEE MLS REALTY | |||
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Turnkey Vacation Rental Gem – Steps from the Beach!
Welcome to your next income-generating paradise! This beautifully furnished 4-bedroom, 3.5-bath retreat is located in the exclusive gated resort-style community of The Villages of Crystal Beach, just 2 blocks from the Gulf.
Thoughtfully designed to sleep up to 12 guests, this home boasts:
-Two luxurious King ensuite bedrooms for ultimate comfort
-A fully stocked gourmet kitchen with stainless steel appliances and granite countertops
-A fun-filled gaming loft with arcade games and a flat-screen TV
-A second-floor balcony perfect for morning coffee or evening cocktails
-Overflow parking lot directly across the street—a major plus for vacationers
-Heated resort-style community pool and spa
-HOA-provided trolley service to and from the beach
This is a true turnkey short-term rental machine with a proven track record—over $90,000 in revenue in 2024 alone, despite owner usage. Consistently earns 5-star reviews on both Airbnb and VRBO.
Bonus Features:
-Sold fully furnished—includes outdoor grill, kitchenware, linens, and more
-Ready-to-go with vetted cleaning and maintenance vendor contacts provided
-Benefit from 100 Perc. bonus depreciation—a huge tax advantage for investors
Whether you're looking for a high-performing short-term rental, a second home, or a combination of both, this property delivers on all fronts. Don’t miss this rare opportunity to own a piece of paradise that pays for itself!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017