5224 MEDORAS Avenue
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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 |
|---|---|---|---|
| Oct 28, 2025 | Sold | ||
| Sold | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| Jul 17, 2025 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $1,390,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
| Dec 12, 2019 | Sold | ||
| Sold | |||
| Oct 10, 2018 | Listed by ENDLESS SUMMER REALTY | $782,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
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This meticulously maintained ocean view home will make you feel like you are on a permanent vacation. The open concept kitchen, dining and living areas make this the perfect home for entertaining. Ideally designed chefs kitchen that boasts custom maple cabinets, granite countertops, center island with prep sink, large breakfast bar, stainless steel appliances, and a large walk-in pantry. The main floor has gorgeous hardwood flooring and opens to a tastefully designed sunroom. Exquisite master suite with a large walk-in closet and impressive master bath with jetted tub, double vanity and an oversized walk-in shower with frameless glass. Open the french doors from the master to a private ocean view balcony to enjoy the ocean breeze and the sounds of waves crashing upon the shore. One of the greatest features is the rooftop deck where you will enjoy captivating sunrises with expansive views of the Atlantic Ocean and spectacular sunsets. This home has a freshly painted exterior and 2 new Trane 16 seer variable speed heat pumps with a transferable 10-year warranty, 2-year labor and Nest Pro programmable thermostats. Additional features include but are not limited to; High impact windows and doors, plantation shutters and marble window sills, high ceilings thru-out, spray foam insulation, central vacuum, irrigation system, whole house water filtration system, bullnose corners, outdoor shower, 2-car garage and more. Located east of A1A, just 500 feet to the beach. NO FLOOD INSURANCE REQUIRED. This neighborhood is the highest elevation on Anastasia Island. No flooding from either Hurricane Michael or Irma. No HOA.
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About Butler Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017