57
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55 Secret Harbor Drive
About This Property
Inside, the open living spaces feature travertine flooring, upgraded recessed lighting, and stainless steel appliances, creating a bright and functional environment for everyday living and entertaining. The home flows seamlessly to a private outdoor area where a six-person hot tub is nestled within a naturally landscaped setting, offering a relaxing retreat after a day at the beach. Recent improvements include a new roof in 2024, fresh exterior paint and landscaping, and previously updated HVAC and gas water heater, adding long-term value and peace of mind. The property has a proven vacation rental history while still maintaining the feel of a comfortable coastal home.
Offered furnished with flexible options for partial or unfurnished arrangements, this Miramar Beach property presents an excellent opportunity to enjoy beachside living with strong long-term appeal in a well-established neighborhood.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$834,000
↓ $6K
(0.7%) | |
| Price Decreased | |||
| Aug 25, 2026 | Price Decreased |
$840,000
↓ $19K
(2.2%) | |
| Price Decreased | |||
| Aug 4, 2026 | Price Decreased |
$859,000
↓ $10K
(1.2%) | |
| Price Decreased | |||
| Jun 13, 2026 | Price Decreased |
$869,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| May 9, 2026 | Price Decreased |
$879,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017