34 W GRANADA DRIVE
About This Property
A 4 bed/2 full bath home currently occupies the parcel - livable and usable - but most buyers will see the bigger picture which is a builder's or custom-owner's dream canvas offering commanding panoramic water views with more than enough room for a pool, outdoor kitchen/entertaining space and landscaping without compromise.
Live in it while you plan your new build, hold as an investment, or deliver a stunning new home from day one. Waterfront corner lots at this scale in Brick are extremely rare.
Highlights & Features
* Corner waterfront parcel with 200' total bulkhead (dual lagoon access)
* 66' of frontage on street
* Existing structure is more than functional
* Massive building flexibility: more setback options, more design freedom
* Utilities and services already accessible
* Strong potential for coastal build
* Excellent proximity to open bay, waterways, marinas, local amenities, and coastal routes
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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 |
|---|---|---|---|
| Dec 3, 2025 | Sold | ||
| Sold | |||
| Oct 17, 2025 | In contract | - | |
| In contract | |||
| Oct 11, 2025 | Listed by EXP Realty, LLC | $849,999 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017