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412 Seagrass
About This Property
Welcome to Seagrass Beach, an exclusive gated community offering poolside cabanas, a Gulf-front pool, private beach access, stocked fishing ponds, and beautifully maintained green spaces. This stunning 5-bed, 5.5-bath coastal retreat is being built with high ceilings, an open-concept layout, bunk rooms, and a private elevator for effortless access. Designed for both comfort and style, it's an ideal full-time residence or a high-performing income-producing rental.
Renderings of the to-be-built home and full building plans are attached.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by eXp Realty LLC | $1,150,000 | |
| Listed by eXp Realty LLC | |||
| May 10, 2022 | No longer available | - | |
| No longer available | |||
| Apr 28, 2022 | Listed by Swede's Real Estate | $1,595,000 | |
| Listed by Swede's Real Estate | |||
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LUXURIOUS new construction home in progress! Welcome to Seagrass Beach, a gated community on Bolivar Peninsula with poolside cabanas, a pool overlooking the Gulf, private beach access, stocked fishing ponds, and communal lawns. This stunning 5 bed, 5.5 bath will offer an elevator, high ceilings, an open floor plan, bunk rooms, and MORE! Plus, amazing INCOME POTENTIAL as a rental. The manager has listed the unit size as 3174 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017