36
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4120 Oleander Drive
About This Property
Just two blocks from the beach, this charming 3-bedroom, 2-bath home is ready for you to add your personal touch. Situated on a spacious 9,920 sq. ft. lot, this property combines coastal living with modern updates - including remodeled bathrooms, dual-pane windows, new flooring, updated wiring and plumbing, and a complete HVAC system. Enjoy an open-concept kitchen and living area that flows seamlessly to an expansive 1,150 sq. ft. outdoor deck, perfect for entertaining or relaxing in the ocean breeze. The upper observation deck offers breathtaking 360° views of the beach and bay. A bonus room on the main level provides flexible space for a third bedroom, office, or guest suite. Experience the best of beachside living - comfort, views, and location all in one!
The N 1/2 of lot 44 is also available to purchase. First right of refusal to buyer of lot 43 and home.
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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 |
|---|---|---|---|
| May 8, 2026 | Price Decreased |
$290,000
↓ $50K
(14.7%) | |
| Price Decreased | |||
| Nov 14, 2025 | Listed by Sand N Sea Properties, LLC | $340,000 | |
| Listed by Sand N Sea Properties, LLC | |||
| Jan 10, 2025 | No longer available | - | |
| No longer available | |||
| Feb 2, 2024 | Listed by Primary Properties LLC | $300,000 | |
| Listed by Primary Properties LLC | |||
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Be the first to live in the newly renovated 899 square foot 2/2 retreat. Featured brand new are both bathrooms, double- paned windows throughout , flooring, siding, complete HVAC, 1150 square foot of outside decking and stairs, plus all new wiring and plumbing. It's fenced triple lot and observation deck ( you can see both the Gulf and the bay). Just 2 blocks from the beach make this beauty first on your list.
HOME IS BEING SOLD WITH LOT 43 ONLY ( NOT LOT 44 )OTAL SQ FT OF LOT IS 9920 .
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| Jan 17, 2024 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017