55 May Drive
About This Property
Upon entry, the heart of the home welcomes you with a sophisticated living space thoughtfully designed for both relaxation and entertaining, with interiors curated by the design team at Lusso. The gourmet kitchen showcases custom cabinetry, an extended contrasting island with integrated seating, a luxury appliance suite featuring a gas range, dual dishwashers and sinks, and a beautifully tiled backsplash. The second floor offers a secondary living area surrounded by three generously sized guest bedrooms. Two bedrooms share a Jack-and-Jill bath with dual vanities, while the third serves as a private guest suite with its own en-suite bathroom.
Encompassing the entire top level, the primary suite serves as a private retreat featuring vaulted ceilings and serene treetop views. Exceptional amenities include a private office, wet bar, fitness room, laundry area, and balcony access. The spa-inspired ensuite bath boasts an extended vanity, oval soaking tub, walk-in shower with dual shower heads, and a private water closet.
In just five minutes on foot or seconds by bike or golf cart you can reach the renowned Eastern Lake Public Beach Access, offering over 400 feet of beachfront across six pristine acres, along with additional parking for guests. Residents and guests also enjoy access to the Dalton Place community pool conveniently located near the beach access.
With projected annual rental revenues nearing $100,000 and the fully furnished configuration, 55 May Drive presents an exceptional opportunity for investors or those seeking a second home or primary residence. Ideally situated near the best dining, shopping, and entertainment along 30A, including the newly opened Greenway Station town center, this home perfectly blends privacy, convenience, and coastal luxury.
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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 |
|---|---|---|---|
| Mar 27, 2026 | Sold | ||
| Sold | |||
| Mar 16, 2026 | In contract | - | |
| In contract | |||
| Feb 4, 2026 | Listed by Corcoran Reverie SRB | $1,649,000 | |
| Listed by Corcoran Reverie SRB | |||
| Dec 6, 2025 | Listed | $1,695,000 | |
| Listed | |||
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Introducing a modern masterpiece at 55 May Drive - a brand-new construction home that perfectly marries contemporary design with the best of coastal living. This spacious residence boasts an intelligently designed floor plan that caters to both comfortable everyday living and elegant entertaining. Step inside to discover an expansive open-concept layout flooded with natural light, where sleek finishes and custom details accentuate every room. The gourmet kitchen, complete with modern cabinetry and high-end appliances, flows seamlessly into a bright dining area and a generous living space - ideal for hosting family gatherings or intimate get-togethers. Expansive windows frame serene views, creating an inviting ambiance and a constant reminder of the home's outstanding location. Set in the heart of the Eastern Lake Triangle, this standout property is just moments from pristine beach access, allowing you to enjoy the soothing rhythms of coastal living. Its close proximity to Greenway Station and convenient access off 30A ensures that you're never far from the vibrant energy and amenities that make this community so desirable.
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| Sep 15, 2025 | Price Decreased |
$1,695,000
↓ $50K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017