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255 Ocean Blvd
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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 |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Feb 5, 2026 | Listed by Douglas Elliman | $79,500,000 | |
| Listed by Douglas Elliman | |||
| Jun 29, 2022 | No longer available | - | |
| No longer available | |||
| Jun 17, 2022 | No longer available | - | |
| No longer available | |||
| Jun 17, 2022 | Listed by Douglas Elliman | $36,000,000 | |
| Listed by Douglas Elliman | |||
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This extraordinary 28,400 square foot property in the rarified enclave of Golden Beach is an extremely unique opportunity to purchase shovel-ready land on which to build your dream home. The property includes over 100 linear feet of pristine de facto private beach. A bespoke four-story residence with a seductive wrap-around pool, a separate guest pavilion, and a sublime master suite has been designed by SDH Studio Architecture & Design and submitted for approval, allowing for expedited construction. One of the very few communities in Miami where one can have a house directly on the ocean, Golden Beach offers an exquisite lifestyle, with nine parks, a private beach pavilion, and its own police force, with convenient proximity to all that Miami and Fort Lauderdale have to offer.
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About Golden Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017