2218 Blue Water Highway
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 |
|---|---|---|---|
| Mar 5, 2025 | Sold | ||
| Sold | |||
| Nov 1, 2024 | Listed by The Local Agents Real Estate LLC | $2,000,000 | |
| Listed by The Local Agents Real Estate LLC | |||
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Do you want the beach life? Now is the time, and this is the home/property. Beach frontage with a 3/2 & a 6 room structure and a 14 lot RV park (remodeled and refurbished in 2019). The home is located on 5 acres going from the beach (200' frontage) to the bay. The home is to the east of the drive. There is an aluminum lift off the front deck that faces the Gulf. You will enter the home from the deck into the living area which opens to the kitchen. There is a primary bedroom with a private bathroom. The other two bedrooms and bathroom are off the living area. There is an office to the right of the drive and 14 RV sites, as well as a 6-unit structure. This listing came in with a contract.
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| Jun 21, 2024 | No longer available | - | |
| No longer available | |||
| May 17, 2024 | Price Decreased |
$2,000,000
↓ $500K
(20%) | |
| Price Decreased | |||
| Mar 20, 2024 | Price Decreased |
$2,500,000
↓ $500K
(16.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017