48 Pine Tree Way
About This Property
The approach is framed by lush new landscaping and a refreshed exterior that hints at the thoughtful renovation within. Inside, wide-plank LVP flooring runs throughout, setting a clean and cohesive tone. Just off the entry, a first-floor bedroom offers flexibility as a private guest suite or refined home office, paired with a full bath accessible from the hall. It is a layout designed with intention, offering convenience without compromising flow The main living space unfolds seamlessly, where kitchen, dining and living areas connect in one expansive open concept. New cabinetry, quartz countertops and all-new appliances anchor the kitchen with understated sophistication. Custom-built closets add tailored storage, while high-end tile finishes in each of the home's three full baths elevate the everyday experience. The living area extends naturally to a covered rear patio, an inviting space for evening conversations, morning coffee or simply watching the sunset.
Upstairs, two bedrooms -- the owner's suite and a guest suite -- each have their own full bath and open onto a balcony that stretches the length of the home. From here, bay views feel even more expansive. At the end of the hall, the primary suite offers a generous retreat with a walk-in shower, double vanity and a spacious walk-in closet designed for ease and organization.
The location is equally compelling. Just seven minutes from the Gulf Place beach access off 393, with new parking, shopping and dining nearby, this address offers remarkable accessibility. Cessna Landing boat launch, bayfront parks and local restaurants are close at hand. The planned 10,000-seat amphitheater, set on 220 acres with walking trails and six lakes, signals exciting growth and enduring value for the surrounding area.
Set on a quiet street with minimal traffic and no short-term rental restrictions, this property presents exceptional versatility as a primary residence, second home or investment opportunity. Water views. Refined finishes. A thoughtful renovation from top to bottom. Coastal living, elevated and effortless.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jul 9, 2026 | Relisted | $499,000 | |
| Relisted | |||
| Jun 6, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017