22 Ruth Street
About This Property
Just completed in June 2023, this expansive beach house is the ultimate rental opportunity. Featuring 8 spacious bedrooms and 9 luxurious bathrooms, this stunning property is designed to host up to 24 guests in utmost comfort.
Step outside to enjoy your own private heated pool, perfect for sunny days, and benefit from deeded beach access exclusively for owners and guests. The backyard has recently been updated to include a fantastic putting green, adding an extra touch of fun and relaxation. With ample parking for up to 5 vehicles, convenience is at your fingertips.
This investment gem has been thoughtfully designed and professionally decorated with modern finishes, making it a true turnkey property. Offered fully furnished, it's ready to generate rental income from day one. Don't miss your chance to own this piece of paradise!
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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 |
|---|---|---|---|
| Oct 27, 2025 | Sold | ||
| Sold | |||
| Sep 21, 2025 | In contract | - | |
| In contract | |||
| Aug 31, 2025 | Price Decreased |
$1,995,000
↓ $205K
(9.3%) | |
| Price Decreased | |||
| Jul 29, 2025 | Listed by Keller Williams Realty Destin | $2,200,000 | |
| Listed by Keller Williams Realty Destin | |||
| Aug 28, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017