231 BARRATARIA Drive
About This Property
Time and worries will melt away as you're captured by the serenity of this beautiful location. Wake up to shimmering ocean views stretching to the horizon from the second-floor wrap around porch. After a long day, take refreshing dips in the sparkling inground pool and spa. Life at the Beach does not get any better!
This captivating 2-story home offers a total of 3 bedrooms and 4 bathrooms featuring exquisite craftsmanship and unparalleled quality. The first floor showcases an amazing waterview from the expanisive family room w/ 16x16 tile floors throughout, complete with a cozy gas fireplace.
The kitchen is adorned with granite countertops, complemented by a full backsplash, while the laundry room is equipped with a convenient dumbwaiter and extra under-stair storage.
Ascend the beautiful pine staircase to the second floor, where hardwood floors create an inviting ambiance. Cathedral ceilings grace the space, accentuating the grandeur of the double-sided fireplace. Discover a well-appointed kitchenette and an office space, perfect for working from home or indulging in creative pursuits. The owner's suite offers breathtaking panoramic views, a custom walk-in closet, and a luxurious en-suite bathroom featuring two separate vanities, a tile walk-in shower, and a spacious garden jetted tub. An additional bedroom with a Murphy bed and a full guest bathroom with a tile shower complete the upstairs area.
Step outside onto the upper story's expansive exterior porches, spanning over 1200 square feet. Here, you will be captivated by awe-inspiring vistas of the Atlantic Ocean, Matanzas Inlet, and Intracoastal waterway. With direct water access to the Summer Haven River and the Matanzas Inlet, this location is a fisherman's paradise, offering immediate access to the Intracoastal and offshore fishing.
Barrataria Island is a unique community w/ only 38 waterfront properties, enveloped on three sides by water. Tennis and pickleball courts provide recreational opportunities, while beach access just across A1A offers the perfect escape for sun-seekers. Wildlife enthusiasts will delight in frequent dolphin, manatee, and other wildlife sightings, adding to the allure of this remarkable location.
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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 |
|---|---|---|---|
| Sep 20, 2023 | Sold | ||
| Sold | |||
| May 19, 2023 | Listed by WATSON REALTY CORP | $1,250,000 | |
| Listed by WATSON REALTY CORP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017