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5577 HECKSCHER Drive #17
About This Property
Tucked away on over an acre of private island waterfront paradise, this custom-built two-bedroom, two-bath home offers unparalleled luxury, privacy, and all-round breathtaking water views. Designed with elegance and serenity in mind, the home features vaulted ceilings, large windows, custom window trim, wood beams, shiplap, designer lighting, and a stone fireplace in the living room. The kitchen is great for entertaining with a huge island, gas oven, and granite leathered countertops, while custom vanities in both bathrooms add a touch of refined comfort.
The primary suite is a true retreat with full water views, large walk in closet, a spa-like shower with custom tile, custom vanity and morrows, and a freestanding clawfoot tub--perfect for relaxing while watching the sunset. Step outside to the expansive back porch and enjoy 350 feet of water frontage, lounge by the saltwater pool with a sun shelf and umbrella holder, a deep-water with a covered boat lift and floating dock with motion lights, and a bulkhead with multiple shoreline access points. Premium fishing and almost daily dolphin sightings. You can even see the dolphins from the bed in the primary suite. Additional features include Metal roof, 2 car carport, inside laundry and storage, a one-bedroom waterfront bungalow with water and power ready for your personal touch, a covered camper with large deck overlooking the water, gutter guards on home, french drains to assure no runoff, a 12x16 shed, and mature magnolias and other trees framing the property. Wildlife enthusiasts will delight in daily visits from local water birds, especially the striking pink spoonbills. Zoned rural for ultimate privacy, the elevated property requires no flood insurance, is protected from hurricanes, and offers quick access--just three miles by water--to the Atlantic Ocean, with the Timucuan Historical Reserve as your backyard. Such a beautiful expansive and private view. Experience a peaceful, intimate retreat where every day feels like a getaway, with stunning sunsets, water views from nearly every room, and the tranquility of nature all around.
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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 |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Listed by COLDWELL BANKER VANGUARD REALTY | $1,200,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017