51 Water Key
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 |
|---|---|---|---|
| Oct 18, 2022 | Sold | ||
| Sold | |||
| May 4, 2022 | Listed by RE/MAX Synergy | $275,000 | |
| Listed by RE/MAX Synergy | |||
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Looking to build your dream home on waterfront property? Look no further and welcome to the lovely gated community, Harborwalk. This giant lot is one of the best locations in Harborwalk as this lot sits right on Harbowalk's marina channel. Harborwalk has a full-service marina and ship store where you can fill up gas and grab bait before you head out on the water. Amenities include a boat ramp, area pool, Yacht Club with Swim Center, and Flamingo Bar. The sellers have done all the hard work for you investing nearly $20,000 in architectural/structural drawings/designs on the home. Some information on the home they were going to build includes the following., a 3,800 sqft home with the main living area on the 2nd floor. 4 Bedrooms, 3.5 baths with a built-in elevator. House is angled on the lot so you can take advantage of the bay view. (see attachment). An independent boat house design is included. This design accommodates 2 boats. Call today for more information.
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| May 12, 2021 | Sold | ||
| Sold | |||
| Sep 20, 2018 | Listed by XL Legacy International | $239,000 | |
| Listed by XL Legacy International | |||
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LARGE WATERFRONT HOMESITE ready to build your coastal dream home and start enjoying the activities of West Galveston Bay. Harborwalk amenities include a Yacht Club, Swim Center & Flamingo Bar, Full Service Marina, Ship Store with deli, fuel, bait camp, boat ramp and fish cleaning station.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017