36 Green Street
About This Property
The existing residence--a quintessential Old Florida-style retreat--exudes relaxed charm and versatility. Thoughtfully configured with four bedrooms and two baths, the home was originally designed as a duplex and now lives as a seamless single residence, offering two full kitchens, dual living areas, and a flexible layout ideal for hosting. A double primary suite design provides privacy and comfort, with each bedroom oriented toward views of the private pool--creating a tranquil, resort-like setting. Outdoors, a spacious screened-in pool area becomes the heart of the home, perfect for sun-drenched afternoons, evening gatherings, and effortless entertaining. The property's established rental history further enhances its appeal, offering immediate income potential for investors seeking a turn-key beach retreat in a high-demand corridor along 30A.
Equally compelling is the opportunity to reimagine the site entirely. Surrounded by a blend of new construction and established coastal homes, this second-tier homesite offers the ideal canvas to design and build a custom Gulf-view residence that maximizes both elevation and outlook--an increasingly rare prospect in this location.
Just moments from the vibrant communities of Alys Beach and Rosemary Beach, with easy access to boutique shopping, dining, and scenic bike paths, 36 Green Street is perfectly positioned at the intersection of lifestyle and investment.
Whether preserved as a charming coastal getaway, continued as a high-performing rental, or transformed into a legacy beach home, this is a property defined by its location--and the possibilities it affords.
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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 |
|---|---|---|---|
| Aug 29, 2026 | Price Decreased |
$2,299,000
↓ $151K
(6.2%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by Scenic Sotheby's International Realty | $2,450,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Apr 6, 2022 | Sold | ||
| Sold | |||
| Aug 24, 2009 | Sold | ||
| Sold | |||
| Feb 4, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017