28 CINNAMON BEACH WAY
About This Property
White stucco, blue-green Bahamian-style shutters, a tile roof and a second-story balcony create distinctive coastal curb appeal. Mature palms, a paver driveway and a covered entry complete the welcoming exterior. Inside, wide-plank luxury vinyl flooring, 10-foot ceilings, recessed lighting and contemporary millwork complement the open floor plan. Dual tankless water heaters and a private enclosed outdoor shower add everyday convenience.
Designed for entertaining, the kitchen features an oversized contrasting island with seating for four, glass pendant lighting, a walk-in pantry, abundant cabinetry, stainless-steel appliances and built-in double wall ovens. Open display shelving and a statement range hood with full-height tile detail provide a custom finish. The adjacent dining area flows into the spacious living room, where a linear fireplace with a dramatic floor-to-ceiling surround creates a striking focal point. Large sliding glass doors open to the granite-tiled pool deck, extending the living space outdoors.
The first floor includes two bedrooms and two bathrooms. Overlooking the pool and lagoon, the primary suite features a luxurious bath with a dual-sink vanity, illuminated mirrors, warm brass fixtures and pendant lighting. Its oversized frameless-glass shower includes marble-look tile, pebble mosaic flooring, a built-in bench, rain shower and handheld fixtures.
Upstairs, three additional bedrooms, two bathrooms and two balconies provide generous space for family and guests. A second living room showcases an ocean-inspired abstract mural, tray ceiling, oversized modern fan, custom built-in shelving and a large television, creating a comfortable gathering space.
The expansive covered lanai offers room for lounge seating and outdoor dining beneath a large ceiling fan. Beyond it, the private heated pool overlooks the peaceful lake, framed by palms and coastal homes. Spacious covered and open-air areas provide inviting settings for swimming, entertaining and relaxing throughout the year.
Approximately a five-minute stroll from the home, a picturesque footbridge crosses the lagoon toward Cinnamon Beach's Atlantic shoreline. Residents and guests enjoy private beach access and resort-style amenities, including an oceanfront pool, a separate family-friendly pool complex, clubhouse, fitness center, children's splash pad, game and entertainment spaces, and a seasonal cafe. Palms, lakes and walking paths enhance the community's coastal setting.
For buyers seeking vacation-rental potential, this home combines desirable features: a private pool, lakefront views, multiple living areas, spacious accommodations and substantial outdoor living space within an established vacation-rental community. Whether enjoying it year-round, escaping for a coastal getaway or exploring rental income opportunities, 28 Cinnamon Beach Way offers an exceptional setting to experience the Cinnamon Beach lifestyle.
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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 |
|---|---|---|---|
| Nov 8, 2026 | Price Decreased |
$1,797,000
↓ $53K
(2.9%) | |
| Price Decreased | |||
| Oct 7, 2026 | Listed by HAMMOCK REAL ESTATE GROUP | $1,850,000 | |
| Listed by HAMMOCK REAL ESTATE GROUP | |||
| Jun 16, 2023 | Sold | ||
| Sold | |||
| May 21, 2023 | No longer available | - | |
| No longer available | |||
| May 8, 2023 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017