41
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450 LAMBERT AVENUE
About This Property
The spacious floor plan offers four well-appointed bedrooms and three full bathrooms, providing plenty of room for family, guests, or a dedicated home office. One of the standout features of the home is the elegant clawfoot soaking tub with a shower, adding timeless character and spa-like charm to the bathroom. Step outside and experience the true highlight of this property - the expansive backyard overlooking the river. Mature palm trees, lush landscaping, and a large yard create a peaceful outdoor oasis with endless potential for entertaining, relaxing, gardening, or enjoying waterfront sunsets.
The generous lawn and scenic waterfront setting also make this property uniquely suited for hosting outdoor gatherings, private events, or even small wedding celebrations. With its picturesque river backdrop, tropical landscaping, and wide open lawn space, the backyard creates a stunning natural venue for memorable occasions. Photos from a recent wedding hosted on the property showcase just how beautiful and functional this space can be for special events.
Additional features include a rare 2.5-car garage, providing ample space for vehicles, storage, golf carts, or recreational equipment. Located in highly desirable Flagler Beach, this property offers easy access to the beach, boating, fishing, local restaurants, parks, and scenic coastal drives. If you've been searching for a Flagler Beach waterfront home, riverfront property, or a spacious coastal Florida home with a large yard, tropical landscaping, and room for entertaining, this beautifully maintained property offers the perfect blend of location, lifestyle, and opportunity.
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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 |
|---|---|---|---|
| Jul 5, 2026 | Price Decreased |
$898,500
↓ $500
(0.1%) | |
| Price Decreased | |||
| Jun 8, 2026 | Price Decreased |
$899,000
↓ $26K
(2.8%) | |
| Price Decreased | |||
| Apr 22, 2026 | Price Decreased |
$924,900
↓ $24K
(2.5%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$949,000
↓ $16K
(1.7%) | |
| Price Decreased | |||
| Mar 19, 2026 | Price Decreased |
$964,900
↓ $24K
(2.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017