35
Map
40 Seagate Drive #402A
About This Property
Enjoy spectacular westerly Gulf views from this completely remodeled, professionally designed and beautifully furnished beachfront residence. Located in a gated, weekly-rental-friendly community, this exceptional property offers the rare opportunity to enjoy your own beachfront getaway while generating rental income. With rental revenue potentially covering ownership expenses, you may be able to vacation for free! An outstanding opportunity for a 1031 exchange buyer.
Featuring 2 bedrooms plus a den, this stunning residence showcases views from every room. The gorgeous, fully updated kitchen features brand-new cabinetry, quartz countertops and incredible Gulf views. Additional upgrades include raised ceilings, blackout shades and a glass balcony designed to maximize the breathtaking sunsets and panoramic water views.
Resort-style amenities include a sparkling beachfront pool, hot tub, fitness center, two Har-Tru tennis courts and EV charging stations. Pet-friendly, gated beachfront living makes this property even more desirable.
Whether you're looking for a luxurious beachfront retreat, an income-producing investment, or both, this is coastal living at its finest!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 5, 2026 | Listed by VIP Realty Group, Inc. | $1,695,000 | |
| Listed by VIP Realty Group, Inc. | |||
| Sep 15, 2019 | No longer available | - | |
| No longer available | |||
| Jul 27, 2019 | Price Decreased |
$1,220,000
↓ $30K
(2.4%) | |
| Price Decreased | |||
| Mar 6, 2019 | Price Decreased |
$1,250,000
↓ $40K
(3.1%) | |
| Price Decreased | |||
| Feb 7, 2019 | Price Decreased |
$1,290,000
↓ $10K
(0.8%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/05/2026
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,695,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
Amy Ashby
VIP Realty Group, Inc.
| |
|
04/03/2026
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,650,000
2 Bed
2 Bath
1305 ft²
|
$1,575,000
-4.55%
05/06/2026
|
Robin Galles
Premiere Plus Realty Company
| |
|
12/01/2025
|
3 Bed
|
2 Bath
|
1445 ft²
|
$1,850,000
3 Bed
2 Bath
1445 ft²
|
$1,700,000
-8.11%
01/23/2026
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
01/20/2025
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,995,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
Mary Catherine White
Downing Frye Realty Inc.
| |
|
01/03/2025
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,620,000
2 Bed
2 Bath
1305 ft²
|
$1,450,000
-10.49%
11/07/2025
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
03/20/2024
|
3 Bed
|
2 Bath
|
1445 ft²
|
$2,150,000
3 Bed
2 Bath
1445 ft²
|
-
-
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
07/21/2023
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,550,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
Catherine McCormick
Premier Sotheby's Int'l Realty
| |
|
07/05/2022
|
3 Bed
|
2 Bath
|
1445 ft²
|
$1,400,000
3 Bed
2 Bath
1445 ft²
|
-
-
|
Fauzia Tahiry
Downing Frye Realty Inc.
| |
|
11/03/2020
|
3 Bed
|
2 Bath
|
1445 ft²
|
$1,250,000
3 Bed
2 Bath
1445 ft²
|
$1,200,000
-4.00%
12/30/2020
|
Marcia J Hawken
| |
|
02/10/2020
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,250,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
01/02/2019
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,300,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
08/28/2018
|
2 Bed
|
2 Bath
|
1305 ft²
|
-
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
08/24/2018
|
2 Bed
|
2 Bath
|
1305 ft²
|
$1,425,000
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
07/19/2018
| |
2 Bed
|
2 Bath
|
1305 ft²
|
-
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
|
|
03/05/2018
|
2 Bed
|
2 Bath
|
1305 ft²
|
-
2 Bed
2 Bath
1305 ft²
|
-
-
|
-
| |
|
04/24/2013
|
2 Bed
|
2 Bath
|
1305 ft²
|
$875,000
2 Bed
2 Bath
1305 ft²
|
$790,000
-9.71%
02/26/2014
|
Ann Renner
Premier Sotheby's International Realty
|
Building Info
About Naples
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017