259 Open Gulf Street
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 |
|---|---|---|---|
| Aug 3, 2020 | Sold | ||
| Sold | |||
| Apr 1, 2019 | Sold | ||
| Sold | |||
| Mar 23, 2019 | No longer available | - | |
| No longer available | |||
| Sep 29, 2018 | Price Decreased |
$2,999,999
↓ $250K
(7.7%) | |
| Price Decreased | |||
| Aug 23, 2018 | Listed | $3,250,000 | |
| Listed | |||
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2014-built, beachfront rental winner with a private, beachside pool, distinctive interiors, ownership to the water, and room for a crowd. Perched high above sugary white sands, ''Kate's Porch'' captures breathtaking views of emerald waters from its 4 stories of Gulf-front balconies. The interior's warm, neutral tones and natural materials like wood ceilings and stone tile frame breathtaking views of vivid emerald green waters. Designed for large groups of family and friends, the floor plan provides privacy and convenience in 2 ample-sized living rooms, an attached guest suite with private entrance, 3 master suites, and a 1st-floor wet bar with beverage center. The king master suite encompasses the entire 3rd floor.The 2nd-floor main kitchen with custom backsplash, granite counters, stainless steel appliances, Viking 5-burner range, and large breakfast bar is designed for seamless interior/exterior entertaining. This home is located along a quiet street but near Destin's best dining, shopping, and recreation. The manager has listed the unit size as 5214 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017