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4 NELMAR Avenue
About This Property
WELCOME HOME! Beautifully updated & renovated home in highly desirable Nelmar Terrace, never flooded! This move-in-ready property features bright, sun-filled living spaces & brand-new LVP flooring throughout.The chef-inspired kitchen opens to living & dining areas & offers abundant counter & cabinet space along w/ new stainless-steel appliances. Currently operating as an Airbnb, the home provides excellent flexibility for personal use or investment.
Oversized owner's suite includes spacious sitting area, ideal for home office or gym. Bathrooms have been recently renovated & feature large, step-in showers. A generous guest bedroom is conveniently located w/ the updated 2nd bath across the hall.
Notable upgrades include a NEW ROOF (6/26/25) w/ transferable 5-year warranty, updated electric service w/ buried lines, & an interior laundry area. A hard-to-find extra-large detached 2-car garage w/ its own sub-panel adds valuable storage & ''work shop'' space Walk to Historic St. Augustine, restaurants, attractions and 5 minute drive to Vilano Beach and all that it has to offer>
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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 |
|---|---|---|---|
| Jan 21, 2026 | Listed by WATSON REALTY CORP | $599,900 | |
| Listed by WATSON REALTY CORP | |||
| Aug 24, 2025 | Price Decreased |
$625,000
↓ $14K
(2.2%) | |
| Price Decreased | |||
| Jun 25, 2025 | Listed | $639,000 | |
| Listed | |||
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Beautifully updated & renovated home in highly desirable Nelmar Terrace—never flooded! This move-in-ready property features bright, sun-filled living spaces and brand-new LVP flooring throughout. The chef-inspired kitchen opens seamlessly to the living & dining areas & offers abundant counter & cabinet space along w/ new stainless-steel appliances. Currently operating as an Airbnb, the home provides excellent flexibility for personal use or investment.
The oversized owner's suite includes a spacious sitting area ideal for a home office or gym. Both bathrooms have been recently renovated & feature large, step-in showers. A generous guest bedroom is conveniently located w/ the updated second bath right across the hall.
Notable upgrades include a new roof (installed 6/26/25) with a transferable 5-year warranty, updated electric service with buried lines, and an interior laundry area. A hard-to-find extra-large detached 2-car garage w/ its own sub-panel adds valuable storage & workspace The fully fenced backyard offers private outdoor living and grilling space.
Perfect as a full-time residence, seasonal getaway, or long-/short-term rental (Airbnb/VRBO). Ideally located in Historic Uptowndon't miss this exceptional opportunity!.
Easy access to BEACHES and , of course, GREAT RESTAURANTS & SHOPPING. Includes 1-year HOME WARRANTY service agreement. PLEASE NOTE Rental history in Zillow is NOT for this property, it is for 4 1/2 Nelmar Ave. This property has only been rented as an Airbnb.
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| Jul 13, 2021 | Listed by Non Member Listing Office | $365,000 | |
| Listed by Non Member Listing Office | |||
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*Statistical Sale Entry*
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| Jun 22, 2021 | Sold | ||
| Sold | |||
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About Nelmar Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017