5499 PELICAN Way
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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 |
|---|---|---|---|
| Nov 15, 2024 | Sold | ||
| Sold | |||
| Sep 26, 2024 | In contract | - | |
| In contract | |||
| Aug 9, 2024 | Price Decreased |
$1,075,000
↓ $75K
(6.5%) | |
| Price Decreased | |||
| Jun 28, 2024 | Listed by THE NEWCOMER GROUP | $1,150,000 | |
| Listed by THE NEWCOMER GROUP | |||
| | |||
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Welcome to your idyllic beach retreat on Pelican Way, mere steps from the pristine sands and sparkling waters of the Atlantic Ocean. Nestled in the serene and charming neighborhood of Anastasia Hills, this exquisite home offers an unparalleled coastal living experience. With its prime location east of A1A and boasting some of the highest elevations on the island, this property promises both beauty and tranquility. The main level underwent an extensive renovation in 2021 and features an expansive, open-concept living space where the kitchen, dining, and living areas flow seamlessly together, perfect for entertaining and family gatherings. Step out onto the oversized deck to bask in the southern and eastern exposures, ideal for savoring stunning sunrises and the gentle sea breeze. This level also includes three generously sized bedrooms and two elegantly appointed bathrooms, providing comfort and privacy for all. The lower level offers versatility with an additional bedroom, a full bathroom, and a three-car garage. Plus, there's over 750 square feet of flexible space that can be tailored to your needs, whether as additional bedrooms, a home office, or a recreation room. Originally constructed in the 1970s as a quaint stilt house, this residence underwent a complete transformation in 1983, seamlessly blending its classic charm with modern amenities. Recent updates include a new roof in 2017 and a huge remodel on the second floor ensuring both durability and aesthetic appeal. This property is more than a home; it's a gateway to a coastal lifestyle filled with relaxation and adventure. Imagine daily beach walks, sunset views from your deck, and creating lifelong memories in this exceptional family beach house. Don't miss this rare opportunity to own a piece of paradise in the coveted Anastasia Hills.
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| Mar 19, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017