112
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42 THIRD Street
About This Property
Meticulously preserved and thoughtfully restored, the property seamlessly blends historic character with modern comfort. The main residence showcases remarkable architectural details, including a Florida citrus family mosaic, original stained-glass windows, French doors, historic hardware, the original staircase, and beautifully preserved heart pine floors. Every restoration has been completed with a commitment to maintaining the home's historical integrity while enhancing its livability for today's lifestyle. Recent improvements include a newly finished third-floor expansion, updated HVAC and electrical systems, new landscaping and irrigation, designer lighting, a custom front door, fresh interior and exterior paint, and numerous additional upgrades.
The second-floor primary suite captures breathtaking ocean views and features a charming widow's walk, creating the perfect setting to enjoy sunrise vistas over the Atlantic. The spa-inspired primary bath includes a stunning stained-glass window, clawfoot soaking tub, dual vanities, and two walk-in closets. Each guest bedroom in the main house is generously sized and offers a private en-suite bath.
The refreshed kitchen is equipped with brand-new GE Cafe appliances, quartz countertops, and timeless finishes designed to complement the home's historic ambiance. Enjoy ocean breezes from the expansive deck, stroll the lush grounds to the ground-floor studio apartment, or retreat to the private garage apartment overlooking the water.
Ample parking is provided by two driveways and a three-car garage, an exceptional amenity for a property of this stature.
Location is everything, and this home places you just three blocks from Beaches Town Center--the vibrant heart of Atlantic Beach. Enjoy a walkable lifestyle with renowned local favorites including Dune House, Doro, Pete's Bar, Sliders, Hawkers, The Grande, and an array of boutique shops, restaurants, and entertainment.
A true Atlantic Beach legacy property, this legendary oceanfront estate represents a once-in-a-generation opportunity to own a piece of Florida history.
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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 |
|---|---|---|---|
| Aug 10, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Listed by DOUGLAS ELLIMAN FLORIDA | $6,490,000 | |
| Listed by DOUGLAS ELLIMAN FLORIDA | |||
| Apr 16, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | Listed by NON MLS (realMLS) | $5,385,000 | |
| Listed by NON MLS (realMLS) | |||
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Entered for comp purposes only. An amazing lifestyle is yours at this fabulous oceanfront property. A short stroll (3 blocks) to the Town Center, complete with some of the best area restaurants, shopping, One Ocean spa and famous establishments.
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About Beaches
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017