505 Old Beach Road
About This Property
Multiple covered balconies on the second and third floors frame amazing water views. The second-floor living and dining spaces are tiered toward the Gulf, creating a backdrop of blue from nearly every angle. The kitchen is equipped with custom cabinets, Cambria quartz counters, gas cooktop, and oven for the perfect dining experience. A breakfast bar flows into the dining area, while the living room offers a fireplace, Cambria-topped wet bar, and French doors opening to the balcony. The third-floor master suite spans the entire level, featuring hardwood floors, a private fireplace, walk-in closet, spa-style bath with jetted tub and glass shower, and a balcony overlooking the Gulf. A added bunk room with full bath enhances guest accommodations, while two additional bedrooms occupy the first floor with access to a shaded backyardoffering space to add a private pool.
Additional highlights include a beachy exterior, lush landscaping, two-car garage, and a metal roof replaced just 3 years ago. Owning a home on 30A has never been more attainablethis property is already producing rental income, allowing buyers to walk into a money-making opportunity from day one. Old Florida Beach also offers a heated community pool, multiple beach access points, and a prime location close to shopping, dining, and entertainment at Gulf Place. has heated community pool, Draper lake dock, and 3 private beach accesses. Full-time residents or as a vacation rental it is the best opportunity on the beach.
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Jul 21, 2026 | Price Decreased |
$2,790,000
↓ $90K
(3.1%) | |
| Price Decreased | |||
| Dec 23, 2025 | Price Decreased |
$2,880,000
↓ $10K
(0.4%) | |
| Price Decreased | |||
| Sep 24, 2025 | Listed by Hurd Real Estate & Company LLC | $2,890,000 | |
| Listed by Hurd Real Estate & Company LLC | |||
| Sep 15, 2015 | Sold | ||
| Sold | |||
| Apr 4, 2014 | Listed by Scenic Sotheby's International Realty | $1,239,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| | |||
|
Unobstructed Gulf views can be enjoyed from the second and third floor covered balconies of this fully furnished home in the gated neighborhood of Old Florida Beach, separated from the beach by only two neighboring homes to the south. The nearest private, neighborhood beach access is just over 100 yards away. Inside, on the second floor, its multi-level open living areas are tiered towards the Gulf, allowing the view to be seen nearly no matter which area you wish to enjoy. A modern kitchen is as refreshing as the view with crisp, cream colored cabinets, white Cambria counters and coordinating subway tile back splash. A gas cook top joins a stainless steel wall oven and microwave, as well as a dishwasher and refrigerator. A breakfast bar which comfortably seats four separates the kitchen from the dining area. Hardwood floors carry into the living room area with Cambria topped wet bar and fireplace flanked by French doors crowned by light-filled transoms. A recent addition added a bunk room and its generous private bath with glass enclosed walk-in shower clad in shimmering aqua colored mosaic tile. The master suite occupies the entire third floor of the home. Like the living room, the master bedroom features hardwood floors and its very own fireplace flanked by French doors that lead out onto a private covered balcony whose expansive views are amplified by the added elevation. The westward orientation of the home allows it to capture breathtaking sunsets over the Gulf. The exceptional master bath is a serene oasis encrusted in varied marine shades of mosaic tile work. A glass enclosed walk-in shower joins a separate jetted tub and twin pedestal sinks. Completing the master suite is a walk-in closet with built-in organizers. Two guest bedrooms occupy the first floor which open onto a covered porch overlooking the shaded back yard with plenty of room to add a private pool if desired. The neighborhood pool is fewer than 250 yards away. Polished terracotta tile floors on the first floor join other features that include unique fans and decorative lighting fixtures. Its freshly painted exterior, recently installed metal roof and beautiful landscaping accentuate its unique, angular architecture. A coveted two-car garage completes this perfect beach house in one of the most private gated, Gulf front neighborhoods along Scenic Highway 30A, perfect for year-round residency or vacation rental. In addition to a neighborhood pool and two neighborhood beach access points, Old Florida Beach is within close proximity to shopping, dining and seasonal entertainment at Gulf Place.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017