41 Martha's Lane
About This Property
The third-floor master suite is a peaceful sanctuary of tranquility. It includes a custom walk-in closet and a master bath with accent wallpaper above the twin vanity. The covered porch is perfect for enjoying private moments of relaxation at the start and end of each day. A cozy sitting area, laundry, and three additional bedrooms complete the generous accommodations. The loft is cleverly used as an additional TV area with a beverage refrigerator and bar for guests to help themselves to an array of drinks and snacks. Bathrooms have been individually designed using stylish tile and frameless glass shower doors.
Outdoors, the rear fenced yard is centered on a contemporary heated pool complete with a tanning shelf and visual water jets. The pool view can be enjoyed from multiple balconies and outdoor relaxation areas. A lengthy covered gazebo provides the perfect place to unwind or dine with friends. For morning walks, stroll along the nearby white sandy beach and watch diving pelicans and playful dolphins in the beautiful gulf waters. Three beach access points and a nearby golf course create a retreat that's a coastal paradise beyond compare. Hop on bicycles, and in just four minutes, you can be browsing the shops and enjoying the live entertainment and restaurants at Gulf Place. Combining exceptional design with high-end finishes and a prime location, this unique residence provides a rare opportunity to experience 30A living at its very best.
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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 |
|---|---|---|---|
| Mar 6, 2026 | Sold | ||
| Sold | |||
| Jan 30, 2026 | In contract | - | |
| In contract | |||
| Nov 21, 2025 | Price Decreased |
$2,999,999
↓ $450K
(13%) | |
| Price Decreased | |||
| May 28, 2025 | Price Decreased |
$3,450,000
↓ $250K
(6.8%) | |
| Price Decreased | |||
| Mar 26, 2025 | Listed by Scenic Sotheby's International Realty | $3,700,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017