2376 Hwy 87
About This Property
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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 |
|---|---|---|---|
| Apr 20, 2025 | Price Decreased |
$779,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Feb 28, 2025 | Listed | $799,000 | |
| Listed | |||
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Beachfront Beauty! If you're looking for views, you've found it here at 2376 Highway 87, Gilchrist, Tx! This home is nestled on a large lot perfectly situated for ultimate relaxation! Star gaze from the large front deck or catch the morning sunrise! An architectural beauty with its octagonal design means you can take in all of the views! First floor offers living with fireplace/kitchen/dining/office nook/primary bedroom and additional guest room with bunks for the kiddos! The 2nd floor offers a bedroom/bath and balcony for the ultimate private sanctuary! Amazing STR, full time living or your own private get-a-way. Downstairs has plenty of parking, enclosed stairway and an open stairway for easy access. Lots of room to host parties! Just steps from the beach, away from the hustle and bustle. This home has updated paint, subfloors /flooring and shingled roof! This home will come furnished so bring your swimsuit and start making memories on this beautiful Bolivar Peninsula!
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| Nov 2, 2021 | Sold | ||
| Sold | |||
| Jul 19, 2021 | Listed by eXp Realty, LLC | $580,000 | |
| Listed by eXp Realty, LLC | |||
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This 3 Bedroom, 2 1/2 Bath Oceanfront home allows all of your coastal dreams to come true! With amazing balcony views of the beach, gorgeous sunsets, and direct beach access! Over 1400sqft of Wraparound deck for dining out in the summer breeze! & Over 250sqft of Decking off of Private 2nd Floor Bedroom. Large Kitchen w/Granite Counters, Large Cabinets & Refrigerator included. The open layout is ideal for spreading out and enjoying the view and the living area has a flatscreen TV for movie nights with loved ones. Falling asleep will be easy, as the sound of the tide is ever-present in the distance to lull you to sleep! Located on the quiet side of the Bolivar Peninsula in the township of Gilchrist, this home is perfect for a quiet getaway and you are only 10 miles from Crystal Beach. You will be only a few steps from the beach where you can beach comb for miles undisturbed, or take a quick drive to the bird sanctuaries in High Island.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017