23155 & 23156 Gulf 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 25, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Mar 24, 2026 | Listed by RE/MAX Leading Edge | $990,000 | |
| Listed by RE/MAX Leading Edge | |||
| Aug 6, 2025 | Listed by RE/MAX Leading Edge | $1,100,000 | |
| Listed by RE/MAX Leading Edge | |||
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PRICE INCLUDES BOTH THE HOUSE & BEACHFRONT LOT!!! Your Own Piece of Paradise! Step into your dream coastal home with this stunning 4-bedroom, 3-bathroom property. Panoramic views of the beach and just steps from the sand, this home offers an idyllic beachfront lifestyle. The stylish, fully furnished interior is ready for you to move in & start making memories. Relax on the spacious porches, where you can savor your morning coffee while enjoying the soothing sound of the waves. Inside, the home offers a thoughtfully designed floor plan, including a downstairs master suite with an en-suite bathroom, a bedroom with built-in bunks for the kids, a second bedroom with a hall bath, and a cozy loft space. The upstairs master suite, which sleeps four, includes a large, luxurious bath with double sinks. Additional amenities include electric storm shutters, outdoor shower, and garage. Properties like this don’t come around often don’t miss out on owning this incredible slice of coastal living!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017