403 Highway 2297
About This Property
Built in 1976 and thoughtfully renovated, the 1,855 sq ft home blends classic character with modern upgrades. Interior features include fresh paint, quartz countertops, new ceiling fans, and closet organizers throughout. The primary bathroom has been fully remodeled, and the kitchen is equipped with an induction cooktop, double ovens with convection and air-fryer modes, and stainless steel appliances-all less than three years old. Significant improvements include popcorn ceiling removal, 2024 HVAC, Honeywell programmable thermostat, Pristine Air UV filtration system, water softener, generator outlet, 2017 metal roof, hurricane ties for wind mitigation, and a whitewashed brick exterior.
Outdoor amenities include a solar-powered gated entrance, 12'x32' shed, motorized screened back porch, raised metal garden beds, citrus trees, private pond, and mature moss-draped oak trees. Nearly $30,000 in dock upgrades include an expanded dock and 7,000-lb boat lift, providing direct access to the Gulf.
Property sits on tidal waters with Gulf access through Cook's Bayou. Bridge vertical clearance is approximately 9'6", suitable for smaller boats. John Deere tractor and attachments convey with sale.
Ideal for a private waterfront homestead, recreational retreat, or future expansionthis unique property offers space, privacy, and true Florida waterfront living.
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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 |
|---|---|---|---|
| Jul 21, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Price Decreased |
$689,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Feb 10, 2026 | Listed by Legacy Premier Agency LLC | $699,000 | |
| Listed by Legacy Premier Agency LLC | |||
| Jul 1, 2025 | Listed | $699,000 | |
| Listed | |||
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PRICED BELOW APPRAISED VALUE Welcome to your own slice of paradise on Cook's Bayou. A rare opportunity to own a beautifully updated 3-bedroom, 2-bathroom brick home with gulf access, nestled on 5 serene acres adorned with moss draped oaks, lush herb gardens, and a private pond. Originally built in 1976 and thoughtfully renovated over the years, this 1,855 sq ft home offers a perfect blend of vintage character and modern amenities. Step inside to a light and airy interior featuring fresh paint, quartz countertops, new ceiling fans, and closet organizers throughout. The entire master bath has been fully remodeled, and the kitchen is a chef's dream with induction cooktop, double ovens with convection and air fryer modes, and like-new stainless appliances (all less than 3 years old). Rest easy knowing key upgrades have already been completed, including asbestos abatement, popcorn ceiling removal, a 2024 HVAC system, Honeywell programmable thermostat, Pristine Air UV filter, water softener system, and generator outlet for peace of mind. The home also features a 2017 metal roof, hurricane ties for wind mitigation, and a whitewashed brick exterior that adds timeless curb appeal. Outside, the upgrades continue with a solar-powered entrance gate, 12'x32' shed, motorized porch screen to fully enclose the back porch, raised metal garden beds, citrus trees, and room to expand or just enjoy the quiet of your surroundings. Boaters will love the nearly $30,000 in upgrades to the expanded dock, including a 7,000 lb. boat lift, offering seamless access to the Gulf from your backyard. And for those who like to work the land, a John Deere tractor and attachments are included with the purchase. Whether you're looking for a private waterfront homestead, a peaceful retreat, or a place to build your future, this one-of-a-kind property on Cook's Bayou has it all.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017