390 EL REY Avenue
About This Property
Outside, your private green oasis awaits. The treed backyard, fully fenced for your furry friend, offers a serene escape. Picture yourself enjoying morning coffee or evening barbecues on the charming wrap-around deck, serenaded by birdsong.
Just two years young and brimming with upgrades, this affordable gem offers a delightful blend of modern comfort and timeless appeal. Inside, architectural beams and gorgeous shiplap accents create a warm and inviting atmosphere. The eat-in kitchen is a true gathering space, featuring stylish shaker soft-close cabinetry and ample room for family and friends.
Location is key, and this home has it all! Enjoy the freedom of no CDD or HOA fees and the ability to offer short term rentals (up to 30 days). Historic downtown St. Augustine is a quick bike ride away and Vilano Beach can be reached in just 15 minutes, making it easy to explore the sights and vibrant scenes. With restaurants, shopping, and both private and public schools conveniently close, everything you need is within reach. This is more than a house; it's a magical lifestyle waiting to be embraced. Schedule your visit today!
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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 |
|---|---|---|---|
| Jun 16, 2025 | Sold | ||
| Sold | |||
| May 18, 2025 | In contract | - | |
| In contract | |||
| May 9, 2025 | Listed by MOUNT REALTY GROUP | $399,500 | |
| Listed by MOUNT REALTY GROUP | |||
| May 2, 2023 | Sold | ||
| Sold | |||
| Feb 11, 2023 | Listed by PONTE VEDRA CLUB REALTY, INC. | $379,900 | |
| Listed by PONTE VEDRA CLUB REALTY, INC. | |||
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Brand New Construction will be completed in April! No HOA or CDD!! This 3 bedroom 2 bathroom house offers an open floor plan with large vaulted ceilings. Beautiful wide vinyl plank flooring, granite counter tops and white shaker cabinets throughout the house. Stainless Steel appliances and a 1 car garage. This house is a must see!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017