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385 Centre Is
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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%.
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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.
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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 |
|---|---|---|---|
| May 22, 2026 | Listed by Miles Goldstein Real Estate | $41,995,000 | |
| Listed by Miles Goldstein Real Estate | |||
| Nov 29, 2024 | Listed | $44,995,000 | |
| Listed | |||
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Welcome to 385 Center Island, a breathtaking tropical modern masterpiece in the exclusive enclave of Golden Beach. This legacy estate spans 22,688 sq ft, featuring a 14,225 sq ft mansion with 137 ft of direct Intracoastal frontage—perfect for yachting enthusiasts. Designed for both luxury and entertainment, the home offers 12 bedrooms, 12 bathrooms, expansive living spaces, a chef’s kitchen, and a formal dining room overlooking the stunning back deck.
This private oasis includes a double-gated driveway, parking for 8, an indoor gym and spa, and meticulous attention to detail throughout. Just steps from the neighborhood’s private beach, parks, and patrolled by its own police force, this is a once-in-a-lifetime opportunity to own Golden Beach’s crown jewel.
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| Mar 4, 2021 | No longer available | - | |
| No longer available | |||
| Sep 18, 2019 | Listed by Canali Realty, LLC. | $19,999,000 | |
| Listed by Canali Realty, LLC. | |||
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This rare opportunity to own one of the largest most luxurious Contemporary architecture home in Golden Beach. This modern 12bed/12.5bath home is situated on a unique oversized 22,688 SQ. FT. Intercostal Lot with 137.5 FEET ON THE WATER. This home features a personalized gym/spa with a Jacuzzi, Sauna and workout room, spectacular pool area with a beautiful gourmet kitchen, 137.5 feet of dock with a jet ski lift. This home is equipped with a elevator, infinity pool with a circular driveway that gives you access to eight car garages. The postcard boat doc with this large canal access makes it defiantly worth your visit. The manager has listed the unit size as 14224 square feet.
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| Oct 2, 2009 | Sold | ||
| Sold | |||
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About Golden Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017