616 2ND STREET
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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%.
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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 21, 2025 | Sold | ||
| Sold | |||
| Aug 16, 2025 | In contract | - | |
| In contract | |||
| Jul 9, 2025 | Price Decreased |
$849,900
↓ $35K
(4%) | |
| Price Decreased | |||
| Jun 18, 2025 | Listed by INTEGRITY REAL ESTATE SERVICES LLC | $885,000 | |
| Listed by INTEGRITY REAL ESTATE SERVICES LLC | |||
| May 8, 2025 | Listed | $885,000 | |
| Listed | |||
| | |||
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Whether you’re seeking a year round residence, a coastal vacation retreat, or a sound investment, this Indian Rocks Beach home checks every box. Just a five minute stroll from your front door brings you to sugar sand shores and unforgettable Gulf sunsets. Step inside this light filled 3 bedroom, 2 bathroom home where over 1,500 square feet of thoughtfully designed living space seamlessly connects. An open concept living room, dining area and kitchen create a perfect gathering place - ideal for entertaining or simply keeping everyone together. Rich wood look laminate flows underfoot in the living area, while the kitchen delights with white Shaker cabinetry, soft close drawers, gleaming granite countertops, a built in pantry and a center island with extra seating for casual meals and morning coffee. Adjacent to the living space, two brand new impact rated sliding doors open to a spacious screened in lanai - an inviting spot to relax, host guests, or simply savor the salty breeze year round. Inside, the dining area easily accommodates a large table for holiday feasts or game nights.
Retreat to the quiet rear wing of the home, where two guest bedrooms share a spacious full bath. On the opposite side, discover the expansive primary suite, big enough for a king size bed, nightstands and even a cozy work from home nook. Both bathrooms feature modern vanities and tub shower combinations. Below the living quarters, a spacious 4+ car garage offers secure parking and abundant storage for toys, jet skis and paddleboards and more. The living area is elevated, providing peace of mind from storm-related flooding. Current owner's flood insurance premiums are under $800 per year. During Hurricane Helene, only the garage saw water, and because it’s concrete and stucco, a wash and rinse was all it took to return to pre-storm condition. Beyond the beach, you’re within walking distance to shopping, dining and entertainment: Original Crabby Bill’s for fresh seafood, Jake’s Coastal Cantina for Tex-Mex, Tropical Ice Cream and Coffee for sweet treats, Anecdote Brewing Company for local craft beers, VIP Mexican Restaurant, CVS and even Splash Harbour Water Park. Ready to explore every detail? Take a virtual walk through of the 3D model from home by clicking this link: https://my.matterport.com/show/?m=xKdMgyzHCQa&mls=1, then schedule your in person appointment today. Coastal living awaits!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017