312 Highway 98
About This Property
WOW! WHAT A VIEW! Unobstructed GULF VIEWS from this home FOREVER!
Literally STEPS to public beach access owned by the City of Mexico Beach. NOTHING will be built across the street from your next home or investment property.
TONS of untapped potential as a high-performing short-term rental. Ask your agent for deeper details. HIGHLIGHTS:
### 4 BR, 2 BA
--2 BR, 1 BA down
----King room and Triple Bunk + King room
----Step-in shower
--2 BR, 1 BA up
----Queen room and Twin Trundle room
----Tub/shower combo
### LIVING/KITCHEN/DINING
--Great flow!
--Sleeper sofa in living room
--Butcher block kitchen countertops
--All appliances and accessories convey
--Dining seating for 6+
--Laundry downstairs
----Stackable GE washer/dryer conveys
### EXTERIOR
--Front deck with GULF VIEW
----Polywood chairs convey
--Parking for 2 cars in front + 3 in the back
--Metal roof
--Hardiboard siding
### BACKYARD
--Deep lot, 160' extends to alley behind
--Outdoor shower
--Swim spa with composite decking
--Storage shed
--Yard space for games, play set, and more
This property is currently managed by Vacasa. Showings will require a calendar check.
Payment Calculator
Your Estimated Monthly Payment
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 14, 2025 | Sold | ||
| Sold | |||
| Oct 2, 2025 | In contract | - | |
| In contract | |||
| Sep 5, 2025 | Price Decreased |
$999,999
↓ $100K
(9.1%) | |
| Price Decreased | |||
| May 10, 2025 | Relisted | $1,100,000 | |
| Relisted | |||
| Apr 3, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017