237 Sandy Cay Drive
About This Property
Immaculately maintained, the home received $450,000 in upgrades in 2022 and 2023, including a heated and air-conditioned pool with built in spa, screened pavilion with a 25-foot retractable electric screen, custom closets, built-in bunk beds, and hurricane-rated windows and doors. The gourmet kitchen boasts a 6-burner gas cooktop with grill, double oven, beer and wine fridge, separate ice maker, built-in dishwasher, and microwave, with granite countertops throughout. Currently a residential home, this property offers tremendous rental potential. Renderings are INCLUDED IN LISTING to showcase reimagined spaces for maximum comfort and income. With every detail thoughtfully upgraded, 237 Sandy Cay is a LUXURY retreat and smart coastal investment a must-see!
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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 |
|---|---|---|---|
| May 12, 2026 | Sold | ||
| Sold | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Price Decreased |
$1,199,000
↓ $26K
(2.1%) | |
| Price Decreased | |||
| Feb 13, 2026 | Price Decreased |
$1,225,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
| Jan 14, 2026 | Price Decreased |
$1,235,000
↓ $30K
(2.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017