425 Strand Drive
About This Property
Just steps from the Atlantic Ocean, this brand new luxury-style, fully furnished, and fully stocked smart home is ready to go! This two-story dream home with eight bedrooms and seven and a half bathrooms includes a flex space and loft for additional space!
The owner's suite is located on the first floor. The open kitchen layout has a grand center island with an open view of the opulent dining room & living room, great for entertaining and large family meals.If you have been looking for a vacation rental opportunity in Florida on the Atlantic Ocean, look no further! Harbor Island Beach Club has everything you expect and more, including 42 boat slips, 2 private beach accesses, a community pool, and a clubhouse. Come make this house your home.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 7, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Price Decreased |
$1,235,900
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Jun 4, 2024 | Price Decreased |
$1,285,900
↓ $5K
(0.4%) | |
| Price Decreased | |||
| May 27, 2024 | Relisted | $1,290,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017