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262 Marlin Circle
About This Property
Upstairs is a second master with a balcony, a game area, and additional bedrooms and guest suites with sitting rooms, balconies, and custom closets. This property's location is in the gated community of Bay Point, a guarded community with easy access to St Andrews Bay and the Gulf of Mexico. The site is ideal for fine dining, yachting, tennis, and golf. If you like to get involved in social clubs, we have so many to choose from, like The Yacht Club, Bay Point Women's Club, etc. This community is a lifestyle, and you will love all it offers.
The owner replaced the roof recently, installed new hurricane shutters on the outside windows, and installed a whole house generator-so many additions since they have owned the property. I have a list on file.
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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 |
|---|---|---|---|
| Oct 30, 2023 | Sold | ||
| Sold | |||
| Apr 20, 2023 | Listed by Counts Real Estate Group Inc | $2,500,000 | |
| Listed by Counts Real Estate Group Inc | |||
| Nov 3, 2020 | Sold | ||
| Sold | |||
| May 1, 2020 | Listed by Counts Real Estate Group Inc | $2,200,000 | |
| Listed by Counts Real Estate Group Inc | |||
| Aug 26, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017