48
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379 Pentland Drive
About This Property
A short 5-7 minute walk brings you to both the beach and the river, giving you effortless access to sun, sand, and stunning sunsets. The community enhances the lifestyle with a refreshing pool, tennis courts, private beach access, a dry boat slip, and a fishing pier. Lawn care is included in the HOA, making life here wonderfully low-maintenance.
With a three-month rental restriction, the neighborhood remains peaceful and welcoming-perfect for snowbirds seeking a coastal retreat or anyone looking for relaxed full-time island living.
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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 |
|---|---|---|---|
| Jul 21, 2026 | Price Decreased |
$720,000
↓ $30K
(4%) | |
| Price Decreased | |||
| Apr 16, 2026 | Price Decreased |
$749,995
↓ $50K
(6.3%) | |
| Price Decreased | |||
| Feb 10, 2026 | Price Decreased |
$799,995
↓ $20K
(2.4%) | |
| Price Decreased | |||
| Jan 18, 2026 | Price Decreased |
$820,000
↓ $15K
(1.8%) | |
| Price Decreased | |||
| Dec 6, 2025 | Listed by Alan Frenkel Auction & Realty | $835,000 | |
| Listed by Alan Frenkel Auction & Realty | |||
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About Indian Landing
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$8,000 /mo
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017