607 W Bayshore Drive
About This Property
Welcome to 607 West Bayshore Drive, a Stunning New Construction Home located in the gated Cape Karankawa subdivision right nestled on the serene shores of Carancahua Bay. This beautifully designed three-bedroom, two-bath home offers modern coastal living with upscale finishes & beautiful sunset water views.
Luxury vinyl plank flooring throughout the main living areas, complemented by plush carpeting in the bedrooms for added comfort. The open-concept kitchen is a chef's dream, featuring elegant cabinetry, a striking tile backsplash & oversized island for additional seating.
Master Suite is a true retreat w/a large walk-in shower, double vanity & generous walk-in closet. Enjoy your morning coffee on the covered back porch.
Amenities include boat ramp, outdoor pavilion, picnic area, lighted fishing piers, playground, driving range for you golfers, tennis, basketball & volleyball courts & two swimming pools
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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 |
|---|---|---|---|
| Jul 29, 2026 | Price Decreased |
$248,000
↓ $18K
(6.8%) | |
| Price Decreased | |||
| May 24, 2026 | Price Decreased |
$266,000
↓ $9K
(3.3%) | |
| Price Decreased | |||
| Mar 24, 2026 | Price Decreased |
$275,000
↓ $4K
(1.4%) | |
| Price Decreased | |||
| Nov 7, 2025 | Price Decreased |
$279,000
↓ $20K
(6.7%) | |
| Price Decreased | |||
| Jul 19, 2025 | Price Decreased |
$299,000
↓ $36K
(10.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017