308 Ocean Avenue
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 |
|---|---|---|---|
| Jul 21, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| Apr 24, 2025 | Listed by Coldwell Banker Realty | $13,500,000 | |
| Listed by Coldwell Banker Realty | |||
| Oct 23, 2024 | Listed | $14,500,000 | |
| Listed | |||
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Nestled on a rare double lot along the coveted Gold Coast, this custom-built estate epitomizes sophisticated beach living. Spanning three stories, this exquisite Tuscany villa showcases grand architectural details and luxurious finishes throughout its impressive 8,646 square feet. Imported elements from France—including roof tiles, ornate iron entry gates, antique doors, and vintage bathroom vanities—add a unique charm, complemented by fresh paint throughout. Set on an expansive 11,760-square-foot lot, the home offers breathtaking, uninterrupted views of the beach. Inside, you’ll find six spacious bedrooms and eight-and-a-half bathrooms, along with a convenient elevator. The property boasts an 800-bottle refrigerated wine cellar, a dedicated office, and a gym complete with a full bathroom and steam shower—offering the potential for a seventh bedroom. The four-car garage is equipped with a 220-volt car charger for electric vehicles. The meticulously landscaped grounds feature a tranquil courtyard and a lush backyard adorned with a variety of dwarf fruit trees, including orange, lime, persimmon, berry, and papaya. The main level is designed for both entertaining and relaxation, highlighted by an ocean-view kitchen equipped with Dacor appliances, dual Sub-Zero refrigerators, marble countertops with copper sinks, and beautifully glazed cabinets. The main living and dining areas are bathed in natural light, thanks to the array of French doors that open to a spacious balcony offering stunning views of the ocean and picturesque sunsets over the sea and the inviting pool and spa—the property’s centerpiece. Downstairs, the entertainment options continue with a recreation room, an oversized wine cellar, a gym, and a fully equipped wet bar. The home is outfitted with a surround sound system, outdoor speakers for the backyard, an advanced alarm system with monitoring cameras, and a Homeworks lighting system. Experience a lifestyle of unparalleled luxury in this distinguished architectural gem on the Gold Coast, renowned for its private serenity, timeless charm, and sweeping ocean vistas that transform every sunset into a masterpiece.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017