227 Shady Lane
About This Property
The first floor boasts a spacious one-bedroom, one-bathroom layout with a kitchenette, office, and expansive living area. Step outside to a covered patio where you can unwind while taking in the tranquil bay views.
Upstairs, the main living space offers a bright and airy two-bedroom, two-bathroom layout with a full kitchen and a generous Southern-style screened porch-perfect for enjoying uninterrupted panoramic views of the bay. Wildlife enthusiasts will delight in the daily sights of dolphins, jumping mullet, soaring eagles, and graceful pelicans. For those who love boating and fishing, the deepwater dock, complete with a boathouse and lift, accommodates up to a 26-foot boat and provides easy access to the bay's premier fishing spots.
A picturesque, oak-lined driveway leads to this private waterfront haven, set on nearly three-quarters of an acre with 80 feet of pristine bayfront. Experience the charm of old Florida combined with modern comforts in this one-of-a-kind retreat.
The owners would prefer to sell this property in conjunction with MLS #974737 - 233 Shady Lane .
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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 |
|---|---|---|---|
| Jun 17, 2025 | Sold | ||
| Sold | |||
| Jun 2, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed by Compass | $1,200,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017