50 N Founders Lane
About This Property
Upstairs, a charming landing space leads to two equally stunning master suites, each with ensuites that feature dual vanities, claw foot bathtubs, and tiled walk-in showers. Both suites have access to a shared screened balcony with hanging bed swing. On the third level, find a comfortable secondary living space and two large bedrooms, each with a private bathroom and one featuring four built-in bunks. With its accommodating design and outstanding location, this property serves well as a primary residence, personal retreat, or investment property.
Sophisticated and stylish, the gated WaterSound Beach community is located south of Scenic Highway 30A offering homeowners a rare sense of seclusion yet with easy access to area activities. Amenities include swimming pools, a puttering park, community green spaces, a state-of-the-art fitness center, and private boardwalks to one of the most beautiful mile stretches of coastline in the area.
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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 |
|---|---|---|---|
| Jan 2, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2024 | Listed by Berkshire Hathaway HomeServices | $4,375,000 | |
| Listed by Berkshire Hathaway HomeServices | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017