2401 SAND BAY DRIVE
About This Property
Fully finished with drywall throughout and equipped with dedicated mini-split cooling systems, the expansive garage space is ideal for car enthusiasts, contractors, hobbyists, or anyone seeking a versatile workspace with year-round comfort. The garage also features 8-foot garage doors, providing excellent functionality and accessibility. Properties offering this level of usable garage and workshop space are exceptionally hard to find.
Inside, the home features bright and inviting living spaces with high ceilings, 8-foot interior doors, abundant natural light, and a functional layout designed for both everyday living and entertaining. The open indoor-outdoor flow creates a spacious and airy feel throughout the home. Major updates have already been completed, including a new roof (2024), one HVAC system (2023), and water heater (2022), providing peace of mind for years to come.
Adding even more confidence for buyers, the property experienced no damage from the recent hurricanes, and flood insurance is not currently required - a rare and valuable benefit for a property located so close to the water.
Step outside and enjoy the relaxed Gulf Coast lifestyle with backyard views overlooking the Gulf, creating the perfect setting to unwind and enjoy Florida sunsets. One of the home's most impressive features is the rooftop terrace, offering breathtaking panoramic Gulf views and an incredible space for entertaining, relaxing, or enjoying peaceful evenings by the water.
Conveniently located near marinas, waterfront dining, beaches, parks, and shopping, this property combines tranquility with accessibility while offering a truly unique lifestyle opportunity.
Whether you're searching for a primary residence, seasonal retreat, or a property with unmatched workspace, storage, and coastal charm, 2401 Sand Bay Dr offers a rare opportunity to own a standout property in one of the Gulf Coast's most desirable settings.
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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 15, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 9, 2026 | Listed by 3 POINT REAL ESTATE SOLUTION | $629,999 | |
| Listed by 3 POINT REAL ESTATE SOLUTION | |||
| Jul 24, 2020 | No longer available | - | |
| No longer available | |||
| Jul 19, 2020 | Relisted | $399,993 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017