22 MADEIRA Drive
About This Property
Inside, the home impresses with a distinctive design-from charming barn doors to a cozy natural brick fireplace that anchors the living space. The open kitchen offers plenty of counter space and great lighting, making it a natural gathering spot. With a spacious layout and two separate primary suites, there's room for everyone to spread out and feel at home.
Love entertaining? You'll have plenty of space both inside and out, plus an outdoor shower for rinsing off after beach days. The new metal roof, updated plumbing, and fresh paint inside and out give peace of mind, so you can focus on enjoying the lifestyle. And speaking of lifestylethis location can't be beat. Walk to RB Hunt Elementary, Lighthouse Park, the Alligator Farm, Anastasia State Park, and The Amp. Whether you're heading downtown or to the beach, you're only five minutes away in either direction.
Best of all? No HOA or CDD fees. Just laid-back island living with everything you need right at your fingertips.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 2, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Price Decreased |
$599,999
↓ $15K
(2.4%) | |
| Price Decreased | |||
| May 23, 2025 | Price Decreased |
$615,000
↓ $30K
(4.7%) | |
| Price Decreased | |||
| Apr 18, 2025 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $645,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017