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2850 NE 44th Street
About This Property
This is currently the only property available in Lighthouse Point offering 150 feet of waterfrontage on the North Grand Canal, set on a 12,985 square foot lot in one of the most desirable boating locations in the city.
Positioned with a southeastern-exposure backyard, just one block west of the Intracoastal and directly across from the Lighthouse Point Yacht Club, this property offers no fixed bridges and approximately an eight-minute boat ride to the open ocean.
Opportunities like this are extremely rare to come to market.
The existing residence can be renovated, or the property can be redeveloped into a custom waterfront estate that fully maximizes the depth of the lot and the expansive canal views. The upper level includes a renovated kitchen within an oversized area of the home that can function as a separate living space ideal for guests, extended family, or comfortable occupancy during a renovation or new construction process.
Properties offering this amount of frontage, this proximity to the Intracoastal, and this level of boating access are rarely available and at this moment, this is the only one.
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 1, 2026 | Listed by Serhant | $5,450,000 | |
| Listed by Serhant | |||
| Apr 8, 2024 | No longer available | - | |
| No longer available | |||
| Oct 6, 2023 | Listed by Keller Williams Realty Services | $5,900,000 | |
| Listed by Keller Williams Realty Services | |||
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This home is situated on the North Grand Canal, one block west from the intercoastal and directly across from LHP Yacht Club, with no fixed bridges. This home has been partially renovated in the past 7 years. The manager has listed the unit size as 5037 square feet.
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| Oct 2, 2023 | No longer available | - | |
| No longer available | |||
| Mar 24, 2023 | Listed by Realty Professionals of Boca Raton, LLC | $6,500,000 | |
| Listed by Realty Professionals of Boca Raton, LLC | |||
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This home is situated on the North Grand Canal, one block west from the intercoastal and directly across from the LHP Yacht Club., with no fixed bridges. This home has been partially renovated in the past 7 years. The manager has listed the unit size as 5037 square feet.
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About Lighthouse Point
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017