58 FLAGLER DRIVE
About This Property
Enjoy ocean breezes from the second-story deck or take in panoramic views from the third-story lookout. Just steps from the sand, this property includes a dedicated beach walkover and is ideal for Airbnb, vacation rental, or full-time residence. Full hurricane protection with Impact windows in the main house. New roof installed one year ago including Sanibel hurricane straps. AC in main home was replace approximately one year ago.
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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 |
|---|---|---|---|
| Dec 16, 2025 | Sold | ||
| Sold | |||
| Sep 8, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Price Decreased |
$899,900
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Aug 3, 2025 | Price Decreased |
$949,900
↓ $49K
(4.9%) | |
| Price Decreased | |||
| Jul 13, 2025 | Price Decreased |
$999,000
↓ $50K
(4.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017