2459 OAK FOREST Drive
About This Property
Kick back on the screened lanai and catch glowing sunsets, or head out to nearby restaurants and beachside entertainment. Flood insurance is just $966/year, and the seller is offering $5,000 toward a rate buydown. Here serenity meets beachside charm. Come take a look, kick off your shoes, stay a while, and welcome home. The layout offers plenty of privacy, with split bedrooms and a flexible office space to cater to your needs. The primary suite is a true retreat, with calming lagoon views leading to the Intracoastal, a cozy fireplace, spa-like bath, and a serene sitting area.
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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 20, 2025 | Sold | ||
| Sold | |||
| Jun 5, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Price Decreased |
$829,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Apr 30, 2025 | Price Decreased |
$830,000
↓ $5K
(0.6%) | |
| Price Decreased | |||
| Apr 20, 2025 | Price Decreased |
$835,000
↓ $3K
(0.3%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017