58618 Overseas Highway
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 |
|---|---|---|---|
| Dec 12, 2025 | Sold | ||
| Sold | |||
| Nov 23, 2025 | In contract | - | |
| In contract | |||
| Aug 31, 2025 | Listed by Coldwell Banker Realty | $2,395,000 | |
| Listed by Coldwell Banker Realty | |||
| Dec 30, 2023 | No longer available | - | |
| No longer available | |||
| Oct 24, 2023 | Listed by Coldwell Banker Schmitt Real Estate Co | $3,395,000 | |
| Listed by Coldwell Banker Schmitt Real Estate Co | |||
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Welcome to Casa de la Playa in beautiful Grassy Key! Nestled on over half an acre, down a winding, manicured driveway enveloped in lush tropical landscaping, this spectacular property encompasses an elevated island lifestyle. Boasting a private sandy beach and endless Open Water Views, this fantastic Florida Keys paradise would make an excellent forever home, or income-producing investment property. Inside, the sprawling interior is bright and welcoming and features 4 generous bedrooms and 4.5 bathrooms, providing ample space for comfortably hosting family and guests. The open-concept main living area lends itself to entertaining with a spacious great room flowing into a well-appointed kitchen, complete with stainless steel appliances, abundant storage, and large kitchen island with seating. An expansive veranda on the second level offers spectacular views of the sparkling pool, beach, and turquoise water beyond, the perfect backdrop for enjoying morning coffee or evening cocktails with friends. Built to withstand the test of time, enjoy peace of mind with Brand New Impact Windows and Doors throughout the home as well as Hardi Board siding. Host enviable gatherings in the incomparable back yard, lounging poolside or soaking up the sunshine at the beach, this remarkable property evokes feelings of peace in a tranquil, secluded setting. Additional exterior features include full irrigation system with timer, striking landscape lighting, and an abundance of parking. Don't miss the opportunity to experience this exemplary home for yourself. Call to schedule a showing today! The manager has listed the unit size as 2433 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017