59
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5454 2ND Street
About This Property
Originally renovated in 2019, the home features major updates including a redesigned interior, upgraded roof, electrical, plumbing systems and new HVAC. The open-concept layout provides a seamless flow from the welcoming living room and dining area to the beautifully updated kitchen, complete with generous storage and workspace. Just beyond the kitchen, a spacious great room with a showstopping coquina accent wall and exposed beams create a warm and inviting coastal retreat. Outdoors, enjoy the screened-in pool and covered patio area surrounded by beautiful mature oak and citrus trees, creating a private, serene setting. The large backyard is fully fenced with plenty of grassy space for a playset, pets, or backyard games. A shed provides extra storage for tools or beach gear, and the screened-in porch is the perfect spot to unwind after a day in the sun. The backyard's layout offers privacy, functionality, and room to truly enjoy outdoor living.
Inside, the home includes three bedrooms and two full bathrooms, offering space for families, guests, or remote work. Thoughtful design choices make the most of every square foot, creating a light and airy atmosphere that complements the beach lifestyle. Plantation shutters and woodlike tile throughout the home add a classic coastal touch and enhance both style and function.
Located in the Butler Beach neighborhood, this home offers access to a nearby park, a lighted crosswalk for safe walkability to the beach and ramp one of the rare spots where you can even drive directly onto the beach!
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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 |
|---|---|---|---|
| Jan 16, 2026 | Price Decreased |
$650,000
↓ $35K
(5.1%) | |
| Price Decreased | |||
| Sep 8, 2025 | Price Decreased |
$685,000
↓ $14K
(2%) | |
| Price Decreased | |||
| Aug 5, 2025 | Listed by HERRON REAL ESTATE LLC | $699,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
| Sep 29, 2020 | Sold | ||
| Sold | |||
| Aug 19, 2020 | Listed by HERRON REAL ESTATE LLC | $424,000 | |
| Listed by HERRON REAL ESTATE LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017