Lot 51 West Bermuda Drive
About This Property
Nature surrounds The Retreat on three sides. Draper Lake wraps around the west and north, joined by 1,000 feet of beach conservation to the west; to the south, of course, is the Gulf of America; and to the east, The Inn at Blue Mountain Beach. From 30A, a beautiful tree-lined drive leads to the community's private entry, where residents and their guests are personally welcomed.
As a resident of The Retreat, you will enjoy access to a wealth of elite amenities, including a world-class beach club set on 151 feet of Gulf frontage, boasting a breathtaking infinity-edge pool and a two-story clubhouse with indoor and outdoor spaces to take in the Gulf views. Several beach accesses lead directly to the community's private beach.
Enjoy the neighborhood park along Draper Lake, complete with walking trails, two floating docks, an observation tower, and storage for your paddleboard, canoe, or kayak. Every neighborhood with access to Draper Lake is gated, so there is no public access, and the lake tests as one of the purest coastal dune lakes in the area. With 25 acres of conservation land woven throughout, The Retreat offers a rare blend of peace, privacy, and tranquility.
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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%.
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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 |
|---|---|---|---|
| Sep 3, 2026 | Listed by Scenic Sotheby's International Realty | $2,250,000 | |
| Listed by Scenic Sotheby's International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017