38 Emerald Beach Circle
About This Property
This beautifully furnished and fully turnkey home is ideally located in sought-after Highland Parks. It's just a short walk to the resort-style community pool and minutes from the beach.
Extensively upgraded throughout, the home features hardwood floors, three screened porches, beautifully renovated bathrooms, designer lighting on dimmers, and a spacious primary suite with an oversized soaking tub. The thoughtfully updated kitchen includes brass hardware, a touch-faucet single-vessel sink, and additional pantry and closet storage.
Outdoor spaces are equally inviting, with mature privacy landscaping, warm, hard-wired landscape lighting, a fenced backyard, and a fire pit designed for easy entertaining after a day at the beach.
Additional upgrades include an oversized Maytag washer and dryer, low-noise dishwasher, and hospital-grade UV air purification system.
Currently set up to sleep 8, but with bunks can easily accommodate 12. See photos.
With a strong rental history already in place, this is a rare opportunity to own a fully operational, income producing property in one of 30A's most desirable communities - ideal as a second home, investment, or both. One photo has been virtually staged and is marked as such.
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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 |
|---|---|---|---|
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Aug 11, 2026 | Price Increased |
$995,000
↑ $26K
(2.7%) | |
| Price Increased | |||
| Jul 1, 2026 | Price Decreased |
$969,000
↓ $30K
(3%) | |
| Price Decreased | |||
| May 2, 2026 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| Mar 27, 2026 | Price Decreased |
$1,050,000
↓ $25K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017