3225 W SHELL POINT ROAD
About This Property
The main home is newly renovated (2024) and immaculate, featuring tile throughout the living areas and brand-new luxury carpet in the bedrooms. A brand-new AC and air handler add peace of mind. The open layout offers clear views straight down the canal - the kind of view that makes mornings on the dock with coffee feel like a daily retreat.
The detached guest suite expands your possibilities with a full kitchen, full bath, and private waterfront deck. Host family and friends in comfort or use it as an Airbnb for additional income.
The mangroves lining the canal are alive with wildlife - birds, snook, tarpon, and sheepshead bring the water to life right off your dock. With no HOA and massive parking space for your boat, trailer, or RV, this property gives you freedom rarely found in the Bay Area.
Two homes on one lot, both with character, both with water views - a truly unique waterfront opportunity.
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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 |
|---|---|---|---|
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| Jun 6, 2026 | Price Decreased |
$569,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| May 23, 2026 | Price Decreased |
$579,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| May 13, 2026 | Price Decreased |
$589,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Apr 17, 2026 | Price Decreased |
$599,000
↓ $29K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017