79
Map
255 Nettles Boulevard
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%.
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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.
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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 6, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by Beach Front Mann Realty | $995,000 | |
| Listed by Beach Front Mann Realty | |||
| Aug 28, 2025 | Price Decreased |
$1,045,000
↓ $30K
(2.8%) | |
| Price Decreased | |||
| Jul 1, 2025 | Listed | $1,075,000 | |
| Listed | |||
| | |||
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Waterfront living at its best! This 2BD (potentially 3), 3BA, fully-furnished home offers 45 FT of direct Intracoastal frontage with a brand new 90FT dock with deep water access, composite decking, and 24K LB lift—ideal for serious boaters. Two nearby inlets make it easy to hit the open water. Enjoy stunning Intracoastal views and gorgeous sunsets from your backyard. The home features a new standing seam metal roof, new stainless steel appliances, and partial impact glass. The lower level is set up as a guest suite with a separate kitchenette—easily convertible to a third bedroom. Perfect as a full-time residence, vacation home, or short-term rental. Life on Nettles Island feels like a permanent vacation, with everything you need just steps from your door. Residents enjoy resort-style amenities including two heated pools, tennis, pickleball, miniature golf, a grocery store, a riverside restaurant, and private beach club—no need to leave the island to enjoy the good life.
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Property Highlights
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Price/ft²
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About South Hutchinson Island
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Last Updated: 7 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20053634
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Address: 335 Madison Avenue, New York, NY 10017