57783 Morton Street
About This Property
protected stretches of the Gulf of America, 57783 Morton Street is a newly completed estate of rare scale, privacy,
and modern coastal design. Surrounded by water, sandscape, and tidal ponds alive with marine life, the property
offers more than 200'+/- of direct water frontage and uninterrupted views across the open Gulf. Completed in
2025 by builder and developer Alderuccio Corporation, this resilient, elevated retreat is constructed entirely of
concrete and impact glass and is designed for effortless indoor–outdoor living. With three distinct finished living
spaces totaling approximately 10,000 SF+/-, the estate functions as a private resort offering privacy, recreation,
and exceptional access to the best of the Florida Keys.
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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 |
|---|---|---|---|
| Sep 21, 2026 | Price Decreased |
$25,000,000
↓ $5M
(15.3%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by Bespoke Real Estate Florida LLC | $29,500,000 | |
| Listed by Bespoke Real Estate Florida LLC | |||
| Dec 5, 2025 | Listed | $33,500,000 | |
| Listed | |||
| | |||
|
A Private Waterfront Estate at The Edge of the Gulf of America.
Set on 3 secluded acres+/- along one of the most protected stretches of the Gulf of America, 57783 Morton Street is a newly completed estate of rare scale, privacy, and modern coastal design. Surrounded by water, sandscape, and tidal ponds alive with marine life, the property offers more than 200’+/- of direct water frontage and uninterrupted views across the open Gulf.
Completed in 2025 by builder and developer Alderuccio Corporation, this resilient, elevated retreat is constructed entirely of concrete and impact glass and is designed for effortless indoor–outdoor living. With three distinct finished living spaces totaling approximately 10,000 SF+/-, the estate functions as a private resort offering privacy, recreation, and exceptional access to the best of the Florida Keys.
| |||
| Nov 5, 2018 | Sold | ||
| Sold | |||
| Sep 22, 2018 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017