45 Dolphin DRIVE
About This Property
As you step into this well-maintained block home with a brand new roof, you'll be greeted by a layout that's perfect for beachside living. The living room features a cozy wood-burning fireplace, setting the mood for warm and inviting winter evenings. The kitchen is a chef's delight, boasting stainless steel appliances and a stunning calcite, natural stone countertop, making meal preparation a breeze.
The west-facing backyard is a highlight of this property, providing breathtaking sunset views every evening. The shaded porch offers a comfortable retreat on hot summer days, letting you enjoy the bay breeze in comfort. When it's time to cool off, take a dip in the refreshing pool, and the pool bathroom and outdoor shower make it convenient for sun and water lovers.
For boating enthusiasts, the deep sailboat water and wide bay provide ample space for your vessel and offer the privacy you desire. Plus, the convenience of the supermarket across the water with its own dock means you can easily boat, kayak, or paddleboard to pick up groceries.
With access to the Gulf just minutes away in both directions, you can explore the open waters at your leisure. The property also offers a one-car garage and a massive driveway, ensuring there's plenty of parking for you and your guests.
Don't miss the opportunity to make this your dream home on Paradise Island. Schedule a showing today and start living the waterfront lifestyle you've always imagined. Paradise is calling, and this home is your answer!
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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 |
|---|---|---|---|
| Jan 17, 2024 | Sold | ||
| Sold | |||
| Jan 3, 2024 | In contract | - | |
| In contract | |||
| Nov 21, 2023 | Price Decreased |
$1,500,000
↓ $50K
(3.2%) | |
| Price Decreased | |||
| Oct 29, 2023 | Relisted | $1,550,000 | |
| Relisted | |||
| Oct 23, 2023 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017