22 CINNAMON BEACH Place
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 |
|---|---|---|---|
| Jan 13, 2026 | Price Increased |
$1,400,000
↑ $150K
(12%) | |
| Price Increased | |||
| Sep 10, 2025 | Price Decreased |
$1,250,000
↓ $35K
(2.7%) | |
| Price Decreased | |||
| Apr 1, 2025 | Listed | $1,285,000 | |
| Listed | |||
| | |||
|
Just Steps from the Ocean and Short-Term Rental Opportunity!
Welcome to this breathtaking 4 bedroom, 4.5 bathroom coastal oasis, offering stunning lake views. Designed for ultimate relaxation, this residence invites you to open the sliders and step into your screened-in private heated pool and spa, with seamless access to the pristine beach just beyond.
The first floor boasts 2 elegant master suites and a spacious great room, perfect for entertaining. Ascend to the 2nd floor, where another bedroom with an ensuite awaits, alongside the magnificent primary suite, complete with a private balcony. Open the sliders to reveal a huge balcony, where the tranquil sounds of the waves provide the perfect backdrop with ocean breezes.
The spa-like primary bathroom features a giant walk-in shower and soaking tub, enveloping you in luxury. Throughout the home, travertine flooring, tray ceilings, granite countertops, and plantation shutters add timeless elegance, while the gourmet kitchen boasts a huge island with breakfast bar seating and generous prep space. Wake up to the aroma of freshly brewed coffee and carry it out to the expansive balcony, where you can sip and savor the breathtaking lake views.
With an open-concept dining and living area, this home is designed for effortless gatherings and cherished moments by the beach.
Located in Cinnamon Beach, this gated neighborhood within Ocean Hammock offers premier amenities, including a lakeside clubhouse with a zero-entry pool, kiddie splash pad and kiddie pool, fitness center, game room, bar & grille, lounge, and an oceanfront pool complex with a hot tub and direct beach access. Cinnamon Beach provides a wonderful opportunity to use the home as a short term rental home as a great investment oppurtunity.
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| Jan 17, 2024 | Sold | ||
| Sold | |||
| Nov 20, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017