391 Allen Loop Drive
About This Property
Offered fully furnished, the home features 3,121 square feet, approximately 21 feet above sea level, with four bedrooms and three bathrooms. The light-filled interior offers an open layout with generous living, dining and kitchen spaces designed for everyday comfort and entertaining. Multiple balconies, covered porches, a private patio and spacious deck extend the living experience outdoors, while the fully fenced yard provides added privacy and room to enjoy the property's exceptional size.
An attached carriage house, garage and ample guest parking add even more convenience. With the beach nearby, no HOA and one of the most substantial homesites available in the area, this property offers tremendous potential as a full-time residence, second home, vacation rental or future redevelopment opportunity on 30A.
Opportunities with this much land so close to the beach are increasingly difficult to find. Contact us for a complete list of property improvements and additional details.
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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 24, 2026 | Price Decreased |
$1,790,000
↓ $100K
(5.3%) | |
| Price Decreased | |||
| Aug 24, 2026 | Listed by Compass | $1,890,000 | |
| Listed by Compass | |||
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Mar 17, 2020 | Price Decreased |
$749,900
↓ $49K
(6.2%) | |
| Price Decreased | |||
| Mar 8, 2020 | Listed | $799,000 | |
| Listed | |||
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This beautiful beach home has all of the style and charm, that Dune Allen beach is known for! Tucked away on a large wooded lot, giving you more privacy, while still being close to all of 30A amenities. This home is truly one of a kind with many custom built-in features and impressive details throughout. The floor plan is very spacious with an open kitchen, dining area, living room and large screened porch, which is a great space to entertain family and guest. The master suite is private and is located on the opposite side of the home as the two other bedrooms. In addition to the main house, the sellers have added a large bonus/ flex room and a large room on the second floor above the 2-car garage with a lovely private balcony. The manager has listed the unit size as 3121 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017