325 Ocean Drive
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 |
|---|---|---|---|
| Nov 5, 2025 | Sold | ||
| Sold | |||
| Oct 7, 2025 | In contract | - | |
| In contract | |||
| Sep 1, 2025 | Listed by RE/MAX Gold Coast-Beach Office | $3,220,000 | |
| Listed by RE/MAX Gold Coast-Beach Office | |||
| Aug 26, 2025 | Price Decreased |
$3,220,000
↓ $75K
(2.3%) | |
| Price Decreased | |||
| May 9, 2025 | Listed | $3,295,000 | |
| Listed | |||
| | |||
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Oceanfront Living at Silver Strand Beach!This stunning three-story beachfront home offers panoramic views and the ultimate in coastal living. Boasting over 2,400 square feet, this spacious 5-bedroom, 3-bathroom residence is designed for comfort, entertaining, and unforgettable sunsets.Step through a private courtyard into the first-floor guest suite--complete with its own living area, cozy fireplace, and direct access to your private oceanfront patio. On the second level, enjoy an open-concept living space featuring a second fireplace, a generous kitchen with bar seating, two additional bedrooms, and a rare oversized viewing deck with stairs that lead directly to the sand--perfect for morning coffee or evening gatherings.The third floor offers a private retreat with a spacious fourth bedroom and an elegant primary suite showcasing ocean views, double vanities, and a spa-inspired bathroom. An easement along the north side of the home brings in abundant natural light--setting this home apart from others on the strand.Additional highlights include indoor laundry, an attached two-car garage for your boards and bikes, and unbeatable access to one of Ventura County's most beloved surf spots. Just north of Malibu and south of Santa Barbara, Silver Strand Beach is known for its friendly vibe, community charm, and spectacular surf. FULLY FURNISHED
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017