451 Cypress Drive #LOT58
About This Property
A secret clearing at the edge of a storybook shoreline -- discover your canvas in Cypress Dunes, a gated community just off scenic Highway 30A. This rare parcel backs directly to the whispering dunes and ancient pines of Topsail Hill Preserve State Park, where every breeze carries the scent of salt and sage and deer sometimes appear as if summoned from a dream.
Perched to catch possible glimpses of the Gulf, this piece of land invites you to imagine sunrise pages painted in coral and gold. Meandering walking trails thread through the community, leading past live-oak cathedrals and hidden pockets of marsh where shorebirds and butterflies perform their daily ballets. Cypress Dunes is equal parts serenity and bespoke comfort: a sparkling pool that gazes out over untouched Gulf beaches, and a state-of-the-art gym for when you want to greet the day with vitality. Wildlife is your neighbor here -- herons, foxes, and songbirds keep company -- while the gated entry ensures your haven remains private and protected.
Build the cottage, the coastal retreat, or the forever home you've been dreaming of. This is more than land; it's a page waiting for your story -- tranquil, rare, and decidedly whimsical.
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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 |
|---|---|---|---|
| Aug 13, 2026 | Price Decreased |
$429,000
↓ $20K
(4.5%) | |
| Price Decreased | |||
| Apr 23, 2026 | Listed by 1 Percent Lists Florida Coast | $449,000 | |
| Listed by 1 Percent Lists Florida Coast | |||
| Oct 27, 2023 | No longer available | - | |
| No longer available | |||
| Apr 29, 2023 | Price Increased |
$389,000
↑ $30K
(8.4%) | |
| Price Increased | |||
| Mar 4, 2023 | Price Decreased |
$359,000
↓ $30K
(7.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017