54
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4581 NE Ocean Boulevard
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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%.
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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 |
|---|---|---|---|
| Oct 19, 2026 | Listed by One Sotheby's International Realty | $12,500,000 | |
| Listed by One Sotheby's International Realty | |||
| Apr 30, 2024 | No longer available | - | |
| No longer available | |||
| Mar 21, 2024 | Listed by Keller Williams Realty Treasure Coast | $14,500,000 | |
| Listed by Keller Williams Realty Treasure Coast | |||
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Spectacular Oceanfront Oasis on Hutchinson Island! Discover the ultimate in luxury living with this amazing 1-acre oceanfront property with private beach access, oceanview pool/spa, expansive patio with summer kitchen, and balconies perfect for enjoying the ocean breezes & panoramic views. Newly built in 2022, this contemporary masterpiece is crafted to the highest standards, boasting luxurious high-end finishes, custom ceiling & wall treatments, as well as elegant and unique chandeliers grace this stunning home. Enter through the gated entry and follow the long circular drive to this impressive 3-story modern residence. Featuring 6 bedrooms, 6 full & 2 half baths, and a 5-car garage, there is ample space for family & guests. An elevator ensures easy access to all levels, while the open concept design of the great room, with its wall of sliders facing the ocean, creates a seamless indoor-outdoor flow ideal for entertaining. The manager has listed the unit size as 6018 square feet.
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| Feb 3, 2020 | Sold | ||
| Sold | |||
| Oct 29, 1990 | Sold | ||
| Sold | |||
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About South Hutchinson Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017