18
Map
406 Ocean Avenue
About This Property
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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 |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Jan 19, 2024 | Listed by Dalton Wade, Inc. | $1,575,000 | |
| Listed by Dalton Wade, Inc. | |||
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This luxurious townhome rests in between the sandy beaches of the Atlantic Ocean and the Intercoastal waterway. Private, boutique style gated courtyard leads you into this beautifully appointed 4 bedroom, 4 bath home nearly 4,000 SF of living area with a spectacular master suite, separate office space, 2 car garage and a planned space for a private elevator. Among the hallmarks of this gorgeous home are the high end features included in the architectural details and finishes. Gourmet kitchen with custom cabinetry, stainless steel appliances, and granite countertops. The spacious living room and formal dining room spill onto the covered lanai overlooking a backyard oasis with a private pool and spa. Seamlessly blending contemporary design and amenities with a luxuriously elevated coastal lifestyle, this home offers not just a residence, but an experience. Immense yourself in the pinnacle of ultra-luxury living water to water in the heart of Melbourne Beach at 406 Ocean Avenue.
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| Sep 28, 2018 | No longer available | - | |
| No longer available | |||
| Sep 26, 2018 | Sold | ||
| Sold | |||
| Jun 8, 2018 | Listed | $751,000 | |
| Listed | |||
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Avenues of Melbourne Beach - NOW PRE-SELLING new luxury single family homes in the heart of Melbourne Beach. Modern West Indies style home offering all high-end finishes and touches fo new construction combined with a casual layout and plenty of outdoor space plus a 2-car garage. Largest floor plan available, offering an open concept on the 1st floor incl. chef's kitchen, living & dining area opening to a covered porch, study/lounge and a guest bedroom with en-suite bath. 2nd floor is featuringa master suite leading out to private balcony with sundeck, 2nd guest bedroom with en-suite bath incl. balcony and study/lounge plus spacious guest suite on top of 2-car garage. Options such as pools and upgrades are available, additional charge may apply. Quality construction by local builder. The manager has listed the unit size as 3624 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017