253 Rex PLACE #C
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 |
|---|---|---|---|
| Mar 2, 2022 | Sold | ||
| Sold | |||
| Jan 11, 2022 | Listed by COLDWELL BANKER REALTY | $389,000 | |
| Listed by COLDWELL BANKER REALTY | |||
| Nov 8, 2021 | Sold | ||
| Sold | |||
| Oct 4, 2021 | Listed by CENTURY 21 COAST TO COAST | $349,900 | |
| Listed by CENTURY 21 COAST TO COAST | |||
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Welcome to the desirable gated waterfront Madera Beach Yacht Club condominiums! BEAUTIFULLY UPDATED interior BEACH DECOR' ~ Unit sold completely furnished and stocked ~ Updated engineer flooring living room and bedroom ~ New Kitchen porcelain tile flooring/raised panel cabinets/Corian counters/stainless steel appliances ~ No detail spared with tasteful beachy paint colors ~ Completely updated bathroom with full size stackable washer/dryer ~ Whether you are looking for an investment vacation rental (generates over $30k per year), 2nd resident or full time home You will enjoy the 14X12 Florida Room with out door private grilling area ~ Complex offers two heated community pools, a sauna, hot tub, fitness center, game room, and 4 fishing piers. The piers are great for relaxing and enjoying the views of the Intracoastal Waterway or fishing, and are equipped with fish cleaning areas. A short walk from the condo will take you and your guests to a variety of great fun! Just across the street, you will find the waterfront R.O.C. Park, where you can enjoy the playground, sports courts, splash pad, and baseball fields ~ Madeira Beach is one of the best places to enjoy the Florida Salt Life. Not only is it a quick walk to gorgeous sugar sand beaches and convenient easy shopping ~ Roof top restaurants with beautiful sunset views and a great variety of dining too! Plus plenty of live music entertainment options ~ Here you can relax on the beach, go kayaking, or enjoy a day at the famous John’s Pass Village or fishing and boat tours ~ AC 2021 / H20 heater 2016 ~ SHORT TERM RENTAL GENERATES BETWEEN $32-$33,000 / YEAR 2022 BOOKINGS SCHEDULED TO DATE JAN - MARCH $9,060 / CURRENT OWNER SUPER HOST STATUS, 4.9 RATING, 121 REVIEWS CAN BE TRANSFERRED TO NEW OWNER
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/12/2025
|
1 Bed
|
1 Bath
|
755 ft²
|
$350,000
1 Bed
1 Bath
755 ft²
|
$340,000
-2.86%
10/22/2025
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
03/27/2022
|
1 Bed
|
2 Bath
|
755 ft²
|
$489,000
1 Bed
2 Bath
755 ft²
|
$489,000
05/13/2022
|
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
| |
|
10/04/2021
|
1 Bed
|
1 Bath
|
430 ft²
|
$349,900
1 Bed
1 Bath
430 ft²
|
$357,000
+2.03%
11/08/2021
|
Karin Zimmerman
CENTURY 21 COAST TO COAST
| |
|
05/09/2020
|
1 Bed
|
2 Bath
|
755 ft²
|
$245,000
1 Bed
2 Bath
755 ft²
|
$237,000
-3.27%
06/29/2020
|
Amberly McWilliams
DOUGLAS ELLIMAN
| |
|
02/18/2019
|
1 Bed
|
2 Bath
|
755 ft²
|
$256,000
1 Bed
2 Bath
755 ft²
|
-
-
|
Denise Champagne
CENTURY 21 RE CHAMPIONS
| |
|
09/16/2018
|
1 Bed
|
2 Bath
|
755 ft²
|
$207,900
1 Bed
2 Bath
755 ft²
|
-
-
|
Jan Adams
LUXURY & BEACH REALTY INC
| |
|
06/21/2018
|
1 Bed
|
2 Bath
|
755 ft²
|
-
1 Bed
2 Bath
755 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017