320 Sunset Drive
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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 |
|---|---|---|---|
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Aug 27, 2024 | Relisted | $1,350,000 | |
| Relisted | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Mar 6, 2024 | Listed by VYLLA HOME | $1,350,000 | |
| Listed by VYLLA HOME | |||
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Located on one of the biggest lots within Silverstrand Beach! This single-story residence not only offers an exceptional blend of elegance and coastal living but also presents a rare opportunity with its expansive footprint spanning TWO distinct Lots, EACH WITH ITS OWN LOT NUMBER. This unique feature opens a world of possibilities, from the creation of a lavish outdoor entertainment area to future development, making it an unparalleled investment in beachside living.
Recently masterfully remodeled, the home showcases a suite of sophisticated upgrades designed for the most discerning tastes. The primary bedroom, a haven of relaxation, features a newly remodeled bath with a luxurious soaking tub, separate stand-up shower equipped with a rain shower head, wall shower head, and wand, promising a spa-like experience daily.
At the heart of the home, a chef's kitchen, recently remodeled, boasts a professional-grade 36-inch stainless steel range, new upgraded appliances including a dishwasher, and a double door refrigerator with a bottom drawer freezer, set against the backdrop of quartz countertops in the breakfast nook.
Luxury vinyl waterproof flooring throughout the home unifies the space with a modern, cohesive look. The guest bathroom echoes the home’s refined aesthetic, further enhanced by PEX plumbing and a tankless water heater for endless hot water on demand.
Additional features include an office filled with natural light, versatile enough to serve as a third bedroom, and a detached two-car garage offering potential for conversion into a guest house or game room. Indoor sophistication meets outdoor potential with a spacious lot that encourages endless possibilities for entertainment and relaxation, complemented by a Jacuzzi and RV parking, all within walking distance from Kid Beach.
This property does more than capture the essence of beachside elegance and comfort; it offers a unique opportunity for those dreaming of a life filled with sun, sand, and endless possibilities, thanks to its dual-lot advantage. Whether you're seeking a peaceful retreat or a space vibrant with entertainment potential, this home stands as a testament to luxury coastal living with an eye towards future growth and customization.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017