49
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401 63RD STREET
About This Property
The bright, open interior is designed for effortless gathering and entertaining. The updated kitchen features an oversized island with seating, stone countertops, abundant cabinetry and new stainless-steel appliances. The kitchen flows naturally into the dining and living areas, while stylish tile flooring, plantation shutters and recessed lighting enhance the home's fresh coastal character.
The large primary suite includes a spacious walk-in closet and an impressive en-suite bath with a freestanding soaking tub and separate walk-in shower. Three additional bedrooms provide comfortable accommodations for family and guests, and a convenient laundry closet includes a new washer and dryer.
Outside, enjoy colorful tropical landscaping and a sizable yard with space to relax and entertain. The property provides parking for up to four vehicles and is ideally located approximately 0.2 miles from the Holmes Beach pickleball and tennis courts and 0.4 miles from public beach access. Anna Maria Island's shopping, dining and recreational amenities are all within easy reach.
Currently configured as a completely remodeled single-family residence, the property also has the potential to be reestablished as a duplex or triplex, subject to applicable municipal approvals and verification. Offered furnished and supported by a one-week minimum rental period, this island home offers excellent vacation-rental income potential along with the flexibility to serve as a full-time residence or personal coastal getaway.
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $1,100,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Mar 14, 2025 | Listed | $874,000 | |
| Listed | |||
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This property is zoned R4 multi-family with 3/2 and 2/1 units. This property is being sold for the land value; however, it has been demoed and is ready for renovations. The sellers are using full transparency to let any buyer know that this property does take on some water during severe storms. Although the water doesn't rise much, it is just enough to be a nuisance and cause the tear out of flooring, drywall, fixtures, and anything that is on the floor. To guard against water intrusion, this structure would need a complete moisture barrier installed around the entire perimeter. The buyer can keep it as is or, due to the large lot size, you could start from scratch and build one or two elevated homes on this property. On the bright side a buyer can add the moisture barrier because the structure is basically, FREE! Don't rely on the room sizes in this listing be sure to measure with your agent for accurate sizes.
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| Aug 2, 2023 | No longer available | - | |
| No longer available | |||
| Jun 15, 2023 | Price Decreased |
$1,299,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Mar 4, 2023 | Price Decreased |
$1,399,000
↓ $101K
(6.7%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017