4829 Bluewater
About This Property
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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 17, 2026 | Price Decreased |
$369,900
↓ $29K
(7.3%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by Carter Signature Properties | $399,000 | |
| Listed by Carter Signature Properties | |||
| Jan 9, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jul 29, 2025 | Price Decreased |
$390,000
↓ $30K
(7.1%) | |
| Price Decreased | |||
| Aug 10, 2024 | Listed | $419,900 | |
| Listed | |||
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Welcome to 4829 Bluewater, a stunning new construction home offering breathtaking Gulf views and just a short walk to the beach. Located on Follett's Island in the Surfside/Freeport area. This signature property features 3 bedrooms and 2 baths with an open-concept main floor. The community boat ramp provides direct access to Drum Bay, ideal for kayak fishing, canoeing, and boating adventures. The home showcases beautiful views and the kitchen is a chef's delight with quartz countertops, a stylish tile backsplash, and stainless steel finish appliances. The first-floor bedroom includes an en-suite bath, while the second floor offers incredible Gulf views along with a full bath. Quality finishes, including tile showers and a 2-stage A/C system, ensure comfort throughout the year. Start your day with a peaceful sunrise view and a kayak trip; and end the day with a leisurely beach stroll. Don’t miss out on this coastal beauty—schedule your Signature Tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017