33
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51 VIP IS #B
About This Property
The adjacent vacant lot is also available for purchase, with an additional 50 feet of dock and seawall and the opportunity to build another home.
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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.
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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 25, 2026 | Listed by The Source Real Estate | $624,900 | |
| Listed by The Source Real Estate | |||
| Aug 4, 2020 | Sold | ||
| Sold | |||
| Oct 29, 2019 | Listed by The Source Real Estate | $277,900 | |
| Listed by The Source Real Estate | |||
| Jul 30, 2017 | Listed | $349,900 | |
| Listed | |||
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Truly a one of a kind home! Located on VIP Island, in the Indian River just 5 miles north of the Sebastian River, this home has everything you need as either a main home, or weekend retreat. The home boast soaring ceilings, and beautiful wood floors. The kitchen has been updated with granite countertops! Multiple balconies and decks allow for both great views, and outdoor entertaining. Located one lot south of the northern tip, the home gets tremendous ocean breezes! 2 lots are included in thissale, both 50 & 51. While fenced together, 50 can be used for future development or keep as extra yard space! Truly a special property.The manager has listed the unit size as 1500 square feet.
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About Vacation Island Playground
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017