15
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226 Sandtrap Road
About This Property
The main living level is defined by 10 foot ceilings, crown molding, and a seamless flow between kitchen, dining, and living spaces. The kitchen is well equipped with custom cabinetry, granite countertops, a JennAir gas cooktop, and updated stainless refrigeration, all oriented toward both function and gathering. Expansive balconies extend the living space outward, capturing Gulf views and coastal light.
The primary suite is positioned on this level with direct balcony access and a spacious bath featuring dual vanities, walk in closets, and a large walk in shower. Two additional guest bedrooms share a Jack and Jill bath, offering an efficient and well considered layout for both everyday living and rental use.
Additional features include an elevator servicing all levels, hardwood and tile flooring throughout, a heated outdoor shower, a one car garage with additional parking, and a heated and cooled flex space ideal for a private office, gym, or workshop, an uncommon and valuable addition.
Well located, fully realized, and designed for both immediate enjoyment and long term performance, 226 Sandtrap offers a rare opportunity just steps from the Gulf.
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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 |
|---|---|---|---|
| Jul 14, 2026 | Price Decreased |
$1,799,000
↓ $200K
(10%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Compass | $1,999,000 | |
| Listed by Compass | |||
| Jul 2, 2019 | Sold | ||
| Sold | |||
| May 28, 2019 | No longer available | - | |
| No longer available | |||
| Apr 4, 2019 | Price Decreased |
$1,295,000
↓ $54K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017