265 Salt Box Lane
About This Property
Behind the quintessential white picket fence, this shingle-clad coastal cottage has the charm and character that make WaterSound Beach so special. A charming front porch sets the tone for an inviting place for morning coffee or unwinding after a day on the beach. Inside, soaring ceilings and a wall of windows fill the great room with natural light, while an open kitchen create a warm gathering space. The primary suite features vaulted tongue-and-groove ceilings and a spa-like bathroom. Two additional bedrooms accommodate family and guests, while the third-floor tower provides valuable additional sleeping and flex space. Perhaps the greatest opportunity at 265 Salt Box is what can still be added. The backyard offers room to create an outdoor retreat with private pool, while the garage configuration presents an opportunity to add a carriage house. Enjoy the home as it is today or further enhance it over time. Within the gated beachfront community of WaterSound Beach, owners enjoy private beach access, community pools, scenic boardwalks, shopping, entertainment and dining options all within an unmistakable coastal setting.
For buyers waiting for the right opportunity to own in WaterSound Beach without stepping into the community's higher price tiers, 265 Salt Box Lane deserves a closer look.
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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 3, 2026 | Price Decreased |
$1,895,000
↓ $100K
(5%) | |
| Price Decreased | |||
| Sep 5, 2026 | Listed by Berkshire Hathaway HomeServices | $1,995,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
| Jul 28, 2020 | Sold | ||
| Sold | |||
| Jun 26, 2020 | No longer available | - | |
| No longer available | |||
| Jun 5, 2020 | Listed by Berkshire Hathaway HomeServices | $1,299,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017