253 Salt Box Lane
About This Property
The main living area is thoughtfully designed to maximize space and natural light, creating an inviting atmosphere for both relaxation and entertaining. The kitchen is equipped with modern appliances and ample storage, catering to the needs of any home chef.
Property offers enough space to accommodate for a carriage house or pool addition if desired.
Watersound Beach is renowned for its pristine beaches and tranquil environment. As a resident of this exclusive community, you will enjoy private beach access, allowing you to experience the beauty of the Gulf Coast at your leisure.
This property is an excellent opportunity for those seeking a refined living experience in one of Florida's most sought-after communities. For more information or to schedule a viewing, please contact us at your earliest convenience.
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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 |
|---|---|---|---|
| Aug 25, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 21, 2025 | Price Decreased |
$1,875,000
↓ $120K
(6%) | |
| Price Decreased | |||
| Jun 17, 2025 | Price Decreased |
$1,995,000
↓ $55K
(2.7%) | |
| Price Decreased | |||
| May 6, 2025 | Price Decreased |
$2,050,000
↓ $100K
(4.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017