601 Ambassador 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 |
|---|---|---|---|
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Jan 17, 2025 | Listed | $1,000,000 | |
| Listed | |||
| | |||
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Under contract-accepting backup offers. Short Sale. Welcome to this prime waterfront home located in the desirable Key Royale neighborhood of Anna Maria Island. Situated on a corner lot with a dock and lift, this property offers quick access to the Gulf of Mexico, making it the perfect retreat for boating enthusiasts. The home is currently gutted and in need of a remodel, providing the perfect opportunity to design and create your own dream space. It has experienced damage from recent hurricanes but was also in the midst of a remodel, offering a blank canvas for the right buyer. Step outside to your private backyard, featuring an in-ground pool, perfect for relaxing and enjoying the island lifestyle. Embrace the laid-back charm of Anna Maria Island with endless opportunities for outdoor activities, including boating, fishing, kayaking, biking, and golfing. Enjoy a wide array of dining, shopping, and cultural experiences, including local festivals and art shows that highlight the vibrant island community. Key Royale residents benefit from exclusive access to a private 9-hole golf course and clubhouse, with membership packages available. Plus, you’re just a short golf cart ride away from the pristine beaches and the best shopping and dining on the island. This is your chance to make your mark on a truly special property in the heart of Holmes Beach on beautiful Anna Maria Island!
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| Feb 7, 2023 | Sold | ||
| Sold | |||
| Sep 6, 2022 | Listed by RE/MAX ALLIANCE GROUP | $1,400,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| Mar 7, 2012 | Sold | ||
| Sold | |||
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About Holmes Beach
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Currently no similar homes aroundNearby Rentals
$8,000 /mo
- 2 Beds
- 2 Baths
- 1,000 ft²
$7,500 /mo
- 3 Beds
- 2 Baths
- 1,947 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017