30
Map
62 Water Key
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 |
|---|---|---|---|
| Feb 2, 2026 | Relisted | $775,000 | |
| Relisted | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Jun 24, 2025 | Listed by XL Legacy International | $775,000 | |
| Listed by XL Legacy International | |||
| Aug 30, 2023 | Listed | $825,000 | |
| Listed | |||
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A 39,940 SQ FT HOMESITE WITH 573' OF WATERFRONT IN HARBORWALK - A PREMIER COASTAL GATED COMMUNITY ON WEST GALVESTON BAY! A showcase ONE OF A KIND opportunity to own almost an acre of waterfront land offering bay views and overlooking an island in one of Harborwalk's beautiful protected lagoons. This unique property will accommodate multiple boathouses and watercraft areas including room for up to a 75' yacht/boathouse, a 60' yacht/boathouse and a double boathouse accommodating two 30' vessels. The space allows for a primary home, a casita or guest home, room for a pool, putting green, volley or bocci ball...endless opportunities! Community amenities include a state of the art full service marina, yacht club & swim center with a Flamingo Bar, ship's store with fresh bait & fuel, boat ramp, fish cleaning station, hike & bike trails, an upscale community Lodge for your guests or events, the most excellent fishing and bird watching. Choose your own builder, direct access to West Bay!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017