45 Michaela Lane
About This Property
Inside, a spacious, open-concept main living level brings the kitchen, dining, and living areas together, creating an inviting space designed for gathering, entertaining, and making the most of time spent at the beach. Whether hosting a crowd for dinner or enjoying a quiet evening after a day on the water, the generous layout offers plenty of room to spread out and settle in. A guest bedroom and full bathroom on the main floor provide added flexibility, while multiple storage closets offer practical space for everyday living. Upstairs, three additional bedrooms include a guest room configured as a bunkroom and a second guest bedroom connected by a Jack and Jill bathroom. The primary suite offers a private retreat with direct balcony access, a generous walk-in closet, and the added convenience of a laundry area just off the suite, making everyday routines or extended stays effortless.
Outdoor living is equally inviting, with a welcoming front porch and an upstairs balcony offering two ideal spots to enjoy a leisurely morning coffee or unwind with a glass of wine as the sun sets. A quiet, shaded outdoor space provides a peaceful escape from the afternoon sun, perfect for relaxing after a full day of beach adventures. Additional exterior storage offers room for beach chairs, umbrellas, bicycles, fishing equipment, and all the gear that comes with embracing the active coastal lifestyle.
Whether you're seeking a vacation getaway, a full-time coastal residence, or a rental investment, this home offers a compelling combination of space, versatility, and an exceptional location. Spend your mornings on the beach, afternoons by the pool, and evenings enjoying fresh Gulf seafood, live music, and the laid-back atmosphere of Gulf Place, all without having to venture far from home. With easy access to the area's favorite coastal destinations and the quieter pace of west 30A, this is an opportunity to enjoy the coastal lifestyle exactly as it was meant to be lived.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017