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5161 Soundside Drive
About This Property
Welcome to a rare and remarkable offering on one of the most coveted stretches of waterfront in the area. Located on Soundside Drive, this expansive lot spans approximately 0.94 acres and features an impressive 191 feet of water frontage--delivering panoramic, unobstructed views of the Gulf Islands National Seashore.
Nestled among mature majestic oaks and bordered by a natural creek along the western edge, this property offers built-in privacy thanks to a lush greenbelt. Along the shoreline, rip-rap has been strategically installed to prevent erosion, and remnants of a once 300+ ft dock (including several existing pilings) hint at the incredible potential for future waterfront enhancements. Steeped in local history, the property has yielded fragments of early pottery over the years, adding a layer of character and cultural value to this already extraordinary site. In addition to its natural beauty and privacy, the neighborhood offers exceptional amenities, including a public boat ramp and dock, perfect for boating and water activities. Outdoor enthusiasts will also appreciate the Soundside Nature Preserve, just moments away, offering scenic trails and serene views of the bay. Whether you envision a private estate home or a peaceful waterfront retreat, this lot provides the perfect blank canvas to bring your vision to life. Property is gated and locked--please contact the listing agent directly to schedule your private showing.
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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 |
|---|---|---|---|
| Jul 22, 2025 | Listed by Keller Williams Realty Gulf Coast | $1,150,000 | |
| Listed by Keller Williams Realty Gulf Coast | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017