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4230 NE Joes Point Road
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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%.
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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.
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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 23, 2026 | Sold | ||
| Sold | |||
| Mar 4, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by Douglas Elliman | $2,950,000 | |
| Listed by Douglas Elliman | |||
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Completely reimagined and rebuilt to the studs in 2021, this exceptional Intracoastal residence in Joe's Point offers panoramic water views and private deeded beach access just steps away. Nearly every room captures sweeping vistas of the water, creating a seamless connection between indoor living and the coastal landscape. Thoughtfully designed with refined coastal finishes, the home showcases reclaimed wide-plank hardwood flooring, shiplap detailing, and a statement fireplace anchoring the great room. The open-concept floor plan flows effortlessly from the living and dining areas--featuring a pecky cypress ceiling--into a chef's kitchen equipped with premium Thermador appliances, custom cabinetry, expansive island seating, dual-fuel double ovens, and a wine cooler, ideal for both dail living and entertaining. Two guest bedrooms are located on the first floor, while the private upper-level primary suite offers commanding water views, a spa-inspired bath with soaking tub and walk-in shower, dual vanities, and a generous custom closet. Outdoor living is equally impressive, highlighted by a covered lanai with remote-controlled screens, pecky cypress ceiling, summer kitchen with grill and refrigeration, and generous entertaining space. The southwest-facing saltwater pool is framed by natural sandstone decking, complemented by a firepit and outdoor shower. Boaters will appreciate the new seawall, dock, and 16,000-lb lift accommodating up to a 40-foot vessel with approximately 4 feet of draft. Additional features include full impact glass, cement board siding, epoxy garage flooring, fire sprinklers, security with cameras, whole-home automation with Sonos audio, remote shades, propane tank, gas water heater and dryer, updated ductwork, and a new A/C system. Residents of Joe's Point also enjoy access to community tennis courts and their own private beach access. A rare opportunity to experience refined waterfront living with both Intracoastal frontage and deeded Atlantic beach access in one of Stuart's most sought-after gated enclaves.
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| Jul 29, 2022 | Sold | ||
| Sold | |||
| Jul 15, 2022 | Listed by ONE Sotheby's International Re | $2,399,000 | |
| Listed by ONE Sotheby's International Re | |||
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017