71
Map
240 Driftwood Road
About This Property
Step inside to discover an open floor plan designed for relaxation and entertainment. The island kitchen is a chef's delight, equipped with modern appliances including a microwave, dishwasher, and refrigerator. Enjoy casual meals in the kitchen dining area or entertain guests at the elegant wet bar. Central air conditioning and a cozy fireplace ensure comfort year-round.
The outdoor space is a true oasis featuring a heated pool, perfect for unwinding after a day at the beach, which is just a short stroll away. Whether dining al fresco or lounging by the pool, the outdoor amenities make every day feel like a vacation.
This home is not just a place to live, own as a second home or a rental investment propertyit's a lifestyle. With beach access and top-notch features, it's ready to offer you the ultimate coastal living experience. Don't miss this opportunity to own a slice of paradise at 240 Driftwood Road! Sold fully furnished.
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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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Feb 1, 2026 | In contract | - | |
| In contract | |||
| Dec 10, 2025 | Price Decreased |
$1,650,000
↓ $200K
(10.8%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by Compass | $1,850,000 | |
| Listed by Compass | |||
| Feb 19, 2025 | Price Decreased |
$2,100,000
↓ $50K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017