342 Beach Bike Way
About This Property
The second level offers a generous secondary living space along with the second primary suite, complete with dual porches and a luxurious ensuite featuring dual vanities and a walk-in shower with dual shower heads. This level also includes a large screened-in porch with a television and swing daybed, creating an inviting outdoor retreat. Two additional guest suites, one featuring custom-built twin-over-queen bunks, each offer their own private ensuite bathrooms, ensuring comfort and privacy for all. The third floor provides incredible flexibility, currently serving as an office and additional living area, but easily adaptable into a bunk room or entertainment space to further enhance rental potential. This level also includes a wet bar, bathroom, and private porch.
A standout feature of the property is the detached carriage house, currently a blank canvas ready to be transformed into a game room, fitness space, office or additional lounge area ideal for creating a unique entertainment zone. Additional highlights include a one-car garage equipped with an electric vehicle charging station, ample dedicated driveway space and surrounding street parking. Privacy film has been installed on all windows, allowing for abundant natural light while enhancing privacy, reducing UV exposure, and improving energy efficiency. Other notable updates include a fully rebuilt second-floor primary bathroom, screened-in porch addition, saltwater pool conversion, water purification and softening system, new gutters and upgraded indoor and outdoor furnishings. Offered fully furnished and in pristine condition, this home combines size, quality, and versatility.
Located within Seacrest Beach, owners enjoy access to a 12,000 square-foot lagoon-style pool, private beach access, and Peddlers Pavilion. The home is also just a short walk or bike ride to the shops and dining of Rosemary Beach and Alys Beach, placing the very best of 30A at your doorstep.
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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 |
|---|---|---|---|
| Jun 25, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 23, 2026 | Listed by Scenic Sotheby's International Realty | $2,975,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Dec 17, 2024 | Sold | ||
| Sold | |||
| Nov 12, 2024 | Listed by Compass | $2,699,000 | |
| Listed by Compass | |||
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Introducing an exceptional new construction home, masterfully designed by J. Michael Hunnicutt and built by Gary Bailey, located in the heart of Seacrest Beach, just minutes from Rosemary Beach and Alys Beach. This stunning property offers one of the largest floor plans in the community showcasing luxurious finishes and thoughtful attention to detail throughout. Upon entry, you're welcomed into an expansive, open-concept living area perfect for both daily living and entertaining. Vaulted ceilings with exposed wood beams, custom bar area, and an inviting fireplace anchor the space, while the kitchen boasts high end appliances, quartz countertops, and a generous island perfect for gathering with family and friends. Adjacent the dining and living areas, you'll find a spacious patio perfect for alfresco dining and entertaining by the private pool.
The first of two primary suites is conveniently situated on the main level, featuring an en-suite bathroom with a soaking tub, dual vanities, and a large walk-in shower. The second-floor primary suite is equally impressive, offering private access to a generous balcony equipped with an outdoor TV, perfect for entertaining or relaxing outdoors.
The second floor features a massive guest bedroom fitted with three bunk beds, creating the perfect retreat for families or groups. This thoughtful design makes the home an incredible investment opportunity for those interested in short-term rentals, as it allows for maximum guest accommodation and comfort. Additionally, a cozy den on this floor offers extra living space, ensuring ample comfort for all guests.
The third level is also designed for entertainment, featuring a spacious bonus room ideal for a media lounge or game room with a custom built in bar. With 628 square feet of porches spanning three levels, this home is made for outdoor livingwhether relaxing by the private pool or enjoying stunning views of Seacrest Beach.
Additional features include a generous garage with ample storage, and an additional flexible bonus room above the garage that can be used as an office, gym, or additional guest sleeping space. Located in the vibrant Seacrest Beach community, this home offers access to a 12,000-square-foot lagoon-style pool, 1.3 miles of trails, and convenient tram service to the white sand beaches of 30A.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017