509 West Drive
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 28, 2025 | Sold | ||
| Sold | |||
| Jul 14, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Listed by Foundations Realty | $280,000 | |
| Listed by Foundations Realty | |||
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Welcome to 509 West Drive — your slice of coastal life in the Lakeside waterfront community of Kemah! This charming 2-bedroom, 2-bathroom home has the laid-back vibe you’re looking for. The open living area has a cozy gas log fireplace. Spacious kitchen with a breakfast bar, lots of cabinet storage and a full sized pantry. The layout is open and functional, with just the right amount of space to relax or entertain. Step outside to your spacious backyard with plenty of room for pets, parties, or just soaking up the sunshine. There’s space for two cars to be parked under the home. Some of the recent updates include: a new roof, new water heater, new AC platform and capacitor and all new stairs and decking was replaced last year. Located in the friendly Lakeside community, you’re just minutes from the Kemah Boardwalk, marinas, great food, and waterfront fun. Come see it for yourself — and fall in love with life by the water!
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| Jan 4, 2022 | Sold | ||
| Sold | |||
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017