58 SANDY Lane
About This Property
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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 |
|---|---|---|---|
| Oct 7, 2023 | No longer available | - | |
| No longer available | |||
| Aug 26, 2023 | Listed by Scott Provow Realty | $5,150,000 | |
| Listed by Scott Provow Realty | |||
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Location, Location, Location! Enjoy incredible Gulf views in this newly renovated 4 story, 7 bedroom, 7 bathroom, 2nd tier, beach home, which includes a rare 3-car garage, an elevator and one of the largest pools in Grayton Beach! This resort property is on an oversized lot(100'x100') located 100' from the beach walkover to the Gulf. No issues with customary use vs private property rights as this property is located next to Grayton Beach State Park where the beach is maintained by Walton County. Recent renovations include all new Cumaru decks, columns, railings, lanterns and door hardware on the exterior. Interior renovations include Hickory hardwood floors with a Bona Oyster stain finish throughout the house. The manager has listed the unit size as 4789 square feet.
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| Sep 24, 2022 | No longer available | - | |
| No longer available | |||
| Aug 17, 2022 | Price Decreased |
$4,750,000
↓ $250K
(5%) | |
| Price Decreased | |||
| May 30, 2022 | Listed by Scott Provow Realty | $5,000,000 | |
| Listed by Scott Provow Realty | |||
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REDUCED to below $1,000/sq ft!!! Newly renovated 4 story, 7 bedroom, 7 bath beach home, which includes a 3-car garage and full-sized pool. The property is located 100' from the beach walkover. The house was truly transformed, making this spacious home just as beautiful as the emerald waters. Exterior renovations include all new cumaru decks, columns, railings, lanterns and door hardware. Interior renovations include Hickory floors finished with Bona Oyster throughout the house. Each bathroom has been retiled with new plumbing and light fixtures, mirrors and shower enclosures. The master bath was completely reconfigured, a wooden barn door added, topped off with an accent wall in Calacatta Gold Scales. Every receptacle, light switch and ceiling fan was replaced The manager has listed the unit size as 4789 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017