2306 Bay Drive
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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 |
|---|---|---|---|
| Jun 4, 2026 | Sold | ||
| Sold | |||
| May 8, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2025 | Listed by Premier Estate Properties Inc. | $17,950,000 | |
| Listed by Premier Estate Properties Inc. | |||
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Rare Oceanfront Estate On Hillsboro Point! Located in the sought-after enclave of Hillsboro Shores, this exquisite estate is a masterwork of design, where nearly every principal room opens to a terrace or balcony framing sweeping sunrise views of the Atlantic Ocean, the Hillsboro Inlet and the iconic Hillsboro Lighthouse. Sited on over half an acre, enjoy three levels of luxury living including oversized primary suite, custom chef’s kitchen, & decorative detailing throughout. Features include elevator, 4-bay garage, theatre, custom wood paneled office, gym, impact windows/doors, Lutron lighting, putting green, observation deck and more. Outdoor entertainment is enjoyed at the verdant lawn and the resort style pool with swim up bar, tree house slide and spill over spa. Private Beach Access. DISCLAIMER: Information published or otherwise provided by the listing company and its representatives including but not limited to prices, measurements, square footages, lot sizes, calculations, statistics, and videos are deemed reliable but are not guaranteed and are subject to errors, omissions or changes without notice. All such information should be independently verified by any prospective purchaser or seller. Parties should perform their own due diligence to verify such information prior to a sale or listing. Listing company expressly disclaims any warranty or representation regarding such information. Prices published are either list price, sold price, and/or last asking price. The listing company participates in the Multiple Listing Service and IDX. The properties published as listed and sold are not necessarily exclusive to listing company and may be listed or have sold with other members of the Multiple Listing Service. Transactions where listing company represented both buyers and sellers are calculated as two sales. “No payments made until title passes” Some affiliations may not be applicable to certain geographic areas. If your property is currently listed with another broker, please disregard any solicitation for services. Information published or otherwise provided by seller, listing company or its representatives is deemed reliable but are not guaranteed and subject to errors, omissions, or changes without notice. Copyright 2026 by the listing company. All Rights Reserved.
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| Feb 12, 2021 | No longer available | - | |
| No longer available | |||
| Jan 15, 2020 | Listed by Compass Florida, LLC | $10,000,000 | |
| Listed by Compass Florida, LLC | |||
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One-of-a-kind point lot on the Hillsboro Inlet!! This Mediterranean home sits on just over half an acre with stunning ocean, inlet & lighthouse views! Three stories with high end finishes throughout. Features include marble floors, gas fireplace, elevator, theater, office and gym. Gourmet eat-in kitchen with high end appliances and beautiful woodwork. Currently 5 bedrooms with gym to be converted to 6th bedroom. Over-sized master bedroom with ocean views. Vast outdoor covered verandas to enjoy the constant breeze. Resort style backyard includes a putting green, well manicured lawn and free form pool with swim up bar, tree house slide and Jacuzzi. Private beach. The ultimate vacation or full time home!!! The manager has listed the unit size as 7962 square feet.
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About Hillsboro Shores
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017