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47 Adler Circle
About This Property
The primary suite includes a private en suite bath, while the home also offers a two-car garage, side driveway, and a private backyard ideal for relaxing or gatherings. Centrally located in town, you're just minutes from grocery stores, local restaurants, and the Seawall, making this an ideal coastal retreat or full-time residence.
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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 |
|---|---|---|---|
| May 7, 2026 | Listed by Sand N Sea Properties, LLC | $519,000 | |
| Listed by Sand N Sea Properties, LLC | |||
| Dec 27, 2019 | Sold | ||
| Sold | |||
| Jul 12, 2019 | Listed by Marsae's Coastal Living Proper | $370,000 | |
| Listed by Marsae's Coastal Living Proper | |||
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Astonishing 3 bedroom 3 bathroom home in the coveted and secluded Adler Circle AKA Westwood neighborhood of Galveston Island. Home features stainless steel appliances, gas range, updated bedrooms, bathrooms, kitchen, and outdoor space, HVAC 2016, All new pex water lines 2018, 3rd bathroom was installed in 2018, new 6X6 floor joist 2016. Great floor plan and ready for any type of Island owners due to its large open concept, private backyard, additional bonus game area and extra bathroom. Side driveway could easily be gated for additional privacy. Never flooded and one of the highest homes in the neighborhood and the majority of the home is in a TRUE X zone. The only remaining Adler Circle home that can be used as a vacation rental.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017