51 N Grande Pointe Drive
About This Property
The second floor showcases an open-concept living space adorned with soaring ceilings, hardwood floors, and designer lighting. A spacious living room, dedicated dining area, and gourmet kitchen create a welcoming environment for entertaining. The kitchen is fully equipped with an electric cooktop, double oven, custom range hood, wine refrigerator, and a granite-topped island that serves as a natural gathering spot for meals and conversation. A full bathroom and well-appointed laundry room complete this level.
Retreat to the third floor where the luxurious primary suite awaits, complete with a private covered balcony, an oversized walk-in closet, and a spa-inspired bathroom featuring a deep whirlpool garden tub, separate shower, and double vanity with makeup area. An exterior spiral staircase connects the balconies across three floors, leading down to the private backyard oasis.
The top floor features an additional bedroom with access to the crowning balcony-an ideal perch for savoring morning coffee or evening cocktails with sweeping views of the treetops and refreshing sea breezes. In total, the home offers four balconies, each with its own unique vantage point to enjoy the coastal surroundings.
This fully furnished home includes a new dishwasher and washing machine (2024), a new hot water heater (2021), and a fully upgraded elevator electrical system (2022). A two-car garage with additional parking for four vehicles ensures ample space for guests. The entire home was recently painted inside and out, offering a fresh, move-in-ready feel. Located just a short walk or golf cart ride to Lake Powell and Camp Helen State Park, the property also enjoys access to community amenities including a pool, clubhouse, and dock. Perfectly situated near the shops, restaurants, and golf courses along 30A, this property is ideal as a full-time residence, vacation retreat, or short-term rental opportunity.
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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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$1,350,000
↓ $49K
(3.5%) | |
| Price Decreased | |||
| Sep 2, 2026 | Price Decreased |
$1,399,000
↓ $16K
(1.1%) | |
| Price Decreased | |||
| Aug 24, 2026 | Price Decreased |
$1,415,000
↓ $10K
(0.7%) | |
| Price Decreased | |||
| Jun 1, 2026 | Listed by Scenic Sotheby's International Realty | $1,425,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| May 5, 2026 | Relisted | $1,434,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017