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615 CUMBERLAND DRIVE
About This Property
Inside, over 2,500 square feet of living space features vaulted ceilings, a striking stone fireplace, luxury finishes, and an open layout designed for entertaining. The chef's kitchen serves as the centerpiece of the home with quartz countertops, built-in refrigerator, commercial-grade gas range, custom cabinetry, and a wine bar with dual wine refrigerators.
The split-bedroom floor plan offers four bedrooms and three-and-a-half baths, including a spacious primary suite with custom walk-in closet, dual vanities, and a beautifully appointed walk-in shower. A second ensuite bedroom provides excellent flexibility for guests or multi-generational living, while the remaining bedrooms share a Jack-and-Jill bath.
Outdoor living is where this property truly shines. Enjoy a newly constructed pool, putting green, covered and screened lanai, outdoor summer kitchen, and a unique surfboard-themed entertaining bar-all designed to create a private backyard resort atmosphere. Artificial turf, decorative paver accents, an electronic privacy gate, and extensive hardscaping provide a low-maintenance, upscale setting.
Additional features include impact-resistant windows, geothermal HVAC systems, a large laundry room, and an oversized rear-entry garage with approximately 650 square feet of space for vehicles, storage, golf carts, or recreational equipment.
The property also includes a private dock on a saltwater canal with access to the Intracoastal Waterway for kayaking, paddleboarding, fishing, and boating. Just minutes from Flagler Beach's restaurants, shops, pier, and oceanfront attractions, this home offers the perfect blend of coastal convenience and modern comfort.
Extensively renovated, beautifully finished, and ready for immediate enjoyment-this is a rare opportunity to enjoy the Flagler Beach lifestyle without the time, expense, and uncertainty of a major renovation. Coastal living at it's finest, enjoy the beach, water and lifestyle you deserve! Easy to show! Owner financing available!
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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 |
|---|---|---|---|
| Aug 3, 2026 | Sold | ||
| Sold | |||
| Jun 27, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Price Decreased |
$849,000
↓ $50K
(5.6%) | |
| Price Decreased | |||
| Apr 25, 2026 | Price Decreased |
$899,000
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Mar 10, 2026 | Price Decreased |
$949,000
↓ $50K
(5%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017