275 Bahia Point
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 |
|---|---|---|---|
| May 31, 2025 | Listed by West Shore Properties RE,MNGT | $12,000,000 | |
| Listed by West Shore Properties RE,MNGT | |||
| Dec 27, 2024 | Sold | ||
| Sold | |||
| Nov 28, 2024 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Listed by Premier Sotheby's Int'l Realty | $10,500,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
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On one of the most desired streets in The Moorings, this incredible bayfront retreat offers a rare opportunity to create your dream. The property is on a .76-acre double lot, featuring 238 feet of street frontage with an expansive yard and 158 feet of pristine water frontage. The stunning views of Venetian Bay await, while the Gulf of Mexico is just a short boat ride from your doorstep. The residence, a spacious 7,735 square-foot home, has no history of water intrusion, according to the owner, and presents a canvas for remastering. Boasting five bedrooms, a dedicated study, six and a half bathrooms, a five-car garage, and multiple living and entertaining areas inside and out, this home offers a versatile layout that can be transformed into a luxurious masterpiece. Recent improvements to the home include new interior and exterior paint, air conditioner split units in the garages, updated landscaping, and a dock and boat lift with recent adjustments to accommodate a 30,000-pound vessel. Alternatively, capitalize on the rare potential to subdivide this property and build two spectacular waterfront homes, each with incredible views and direct access to the bay. This exceptional property is in the heart of The Moorings, offering available access to the private Moorings beach park and nearby access to the incredible shopping and dining at Venetian Village. Whether you choose to remaster the existing home or embark on a new development project, the location, views and privacy are unparalleled.
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| Mar 26, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017