48 Chelsea Loop Road
About This Property
Situated just three tiers from the Gulf of Mexico and adjacent to the community beach pathway leading to a convenient beach access, this home provides breathtaking views of the sparkling Gulf waters. The thoughtfully designed layout features three bedrooms on the first floor, including a private primary suite with an en suite bathroom, a fun bunk room ideal for kids, and an additional guest room. The second level is dedicated to open-concept living, where you'll find a brand-new kitchen equipped with modern countertops and stainless steel appliances, seamlessly integrated with the living room. A large built-in dining table invites the whole group to gather for meals, while a spacious balcony extends from the living area, complete with ample seating and Gulf views. For added convenience, a half bath is also located on this level. The second-level primary bedroom boasts an en suite bathroom and a private balcony, perfect for a tranquil retreat.
Ascend to the third level to discover an entertainment oasis. The loft area features a second living space with a sleeper sofa, a wet bar and arcade games, making it an ideal spot for relaxation and fun. Step out onto another expansive balcony, where you can enjoy stunning views of the Gulf of Mexico and the gentle sea breeze.
Located in the desirable community of Summer's Edge, residents benefit from a convenient beach access and two community pools. Additionally, Summer's Edge is a short walk from the newly developed Greenway Station, offering a variety of local eateries, shopping, YOLO bike and paddleboard rentals, and access to the scenic Point Washington State Forest trails. For extra accommodation needs, The Lodge 30A boutique hotel is conveniently nearby.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 15, 2025 | Sold | ||
| Sold | |||
| Sep 24, 2025 | In contract | - | |
| In contract | |||
| Jul 25, 2025 | Price Decreased |
$1,799,000
↓ $50K
(2.7%) | |
| Price Decreased | |||
| Jun 29, 2025 | Price Decreased |
$1,849,000
↓ $40K
(2.1%) | |
| Price Decreased | |||
| May 18, 2025 | Price Decreased |
$1,889,000
↓ $50K
(2.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017