427 89th Street Ocean
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 |
|---|---|---|---|
| Jun 8, 2026 | Listed by Island Breeze Realty, LLC | $675,000 | |
| Listed by Island Breeze Realty, LLC | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Dec 11, 2025 | Listed | $698,000 | |
| Listed | |||
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Step out to your private 35-ft dock on a clean, deep canal with quick ocean access from this solid CBS half-duplex. The open interior features tile flooring throughout and a granite kitchen designed for easy living. A 2018 metal roof adds durability, while the low-maintenance backyard offers a perfect space to relax or entertain. Enjoy minimal stairs and ample parking out front for added convenience. Ideally located in Marathon, the heart of the Florida Keys, this property is well suited as a full-time residence or a second home with excellent boating access.
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| Apr 1, 1985 | Sold | ||
| Sold | |||
| May 1, 1978 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017