4218 Bluewater / County Road 257 Highway
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 |
|---|---|---|---|
| Dec 29, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 28, 2025 | Listed by Carter Signature Properties | $498,000 | |
| Listed by Carter Signature Properties | |||
| Jan 13, 2024 | Listed by Carter Signature Properties | $498,000 | |
| Listed by Carter Signature Properties | |||
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Welcome to Seaside Estates, where your dreams of a beachfront lifestyle transform into a reality. This exquisite over one-acre beachfront lot in Freeport offers a signature experience, blending the tranquil sounds of the waves with the warmth of the sun on your very own slice of paradise. Free from the constraints of HOA fees, this property invites you to design and craft your coastal dream. Boasting over 100 feet of pristine beachfront, you're presented with unobstructed, panoramic views of the Gulf of Mexico's sparkling waters. Ideal for beachcombers, water sports lovers, or those in pursuit of peace, this lot caters to every desire. Envision yourself here, indulging in stunning sunsets, gathering around beach bonfires, and creating unforgettable moments.
Note that a replat of this property has been done; however, updates in BCAD are pending. Refer to Lot 5 on the seller provided Plat. For building information, contact agent and consider a visit to this coastal jewel today.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017