529 Smith Drive
About This Property
This delightful home is full of personality and charm, just under 3 miles to the ocean and iconic Point Pleasant boardwalk. With a relaxed bohemian coastal cottage vibe, it offers peace, comfort, and style in one of the Shore's most sought-after towns. Over the years, the home has seen many thoughtful upgrades-including a newer roof, windows, and siding (all less than 10 years old). The backyard is a true maintenance-free oasis, featuring a graceful paper birch tree that offers shade and serenity-perfect for unwinding or entertaining. Inside, the atmosphere is warm and welcoming with a flexible layout that offers mother-daughter potential, making it ideal for extended family, guests, or separate living quarters. A full unfinished basement adds even more possibility, and you're just a short ride to Riverfront Park, shops, and dining. This is coastal living with character,don't miss it!
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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 16, 2025 | Sold | ||
| Sold | |||
| Sep 13, 2025 | In contract | - | |
| In contract | |||
| Aug 23, 2025 | Relisted | $699,000 | |
| Relisted | |||
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by Keller Williams Realty Spring Lake | $699,000 | |
| Listed by Keller Williams Realty Spring Lake | |||
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22520476
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017