375 Morgan's Trail
About This Property
Every detail of this home has been meticulously crafted, from the mahogany front and porch doors to the hidden powder room door that adds a touch of whimsy to the sophisticated design. Inside, rich wood floors complement the quartz countertops and top-of-the-line lighting, creating an inviting and elegant atmosphere. The gourmet kitchen is a chef's dream, complete with a gas range, stainless steel hood and wine fridge, making it ideal for hosting and everyday living. Automatic stair lighting adds both functionality and ambiance, while the luxurious primary suite boasts a spa-like bath with a two-person shower.
This rare gem also includes a garage, a coveted feature in the neighborhood. The Preserve at Grayton Beach offers an array of amenities, including private deeded beach access, a scenic boardwalk with breathtaking views of the dunes and Gulf of Mexico, pickleball and tennis courts, two community pools, a gym, and nature trails. Whether you're seeking a forever home, a second home or an investment property, this must-see residence delivers coastal living at its finest.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 16, 2026 | Sold | ||
| Sold | |||
| Mar 11, 2026 | In contract | - | |
| In contract | |||
| Jun 28, 2025 | Price Decreased |
$2,499,999
↓ $190K
(7.1%) | |
| Price Decreased | |||
| May 15, 2025 | Price Decreased |
$2,690,000
↓ $60K
(2.2%) | |
| Price Decreased | |||
| Mar 24, 2025 | Listed by Scenic Sotheby's International Realty | $2,750,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017