5122 Bluewater Highway
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 5, 2023 | Sold | ||
| Sold | |||
| Mar 5, 2023 | Listed by Carter Signature Properties | $1,285,000 | |
| Listed by Carter Signature Properties | |||
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Welcome to Coastal Dream, a beachfront home on 1.8 acres across 2 lots, providing a rare chance to own a slice of coastal paradise. Property boasts 4 bedrooms, each featuring stunning water views and its own en-suite bath, ensuring an exceptional experience for both family and guests. Upon entering, the open floorplan invites you to revel in the beauty of the ocean vistas, creating an ideal setting for entertaining. You'll find elegant crown molding and granite kitchen counters, enhancing the coastal ambiance. Step outside onto the expansive wrap-around deck, where you can bask in the sea breeze and relish the sun's warmth. The deck offers ample space for hosting BBQs and outdoor gatherings, all while enjoying panoramic views of the gulf and bay. Additional amenities include a utility room and an elevator/lift, ensuring effortless daily tasks and mobility. Coastal Dream embodies the epitome of beach living, providing luxurious and comfortable living spaces in a prime coastal location.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017