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621 or 625 W RETTA ESPLANADE
About This Property
Gilchrist Park provides 12 acres of Charlotte Harbor waterfront. Recreation activities include basketball, tennis, playground, waterfront gazebo, fishing pier. There is a main two story home built in 1910 and conditioned in 1959 and 1997. This home is connected via a breezeway to a one story guest home built in 1953 and conditioned in 1967. The two homes are situated on approximately 0.33 acres.There is also vacant land behind the two homes that is approximately 0.26 acres. Lot dimensions for the entire parcel are: 140 feet across the front, 209 feet on the two sides and 105 feet across the back. Total SF= 25,933 and total acreage=.59. The main house features 3 Bedrooms, 3 Bathrooms, Great room, separate Dining Room eat in kitchen, screened front porch, one bedroom and one bathroom on the first floor, two bedrooms and full bathrooms on the second floor. Flooring throughout the main house is maple hardwood floors. There is a rear screened porch and the yard is fenced. Both homes have a metal roof and rain gutters. The 35x21 garage accommodates 3 cars and has wood cabinets. SF under air in the main house is 2280 and total SF is 3583. The guest house offers a living room, kitchen, utility room, office, master bedroom and full bathroom. Wood pine floors throughout the guest home. SF under air is 924 and total SF is 1236. This property is minutes from shopping, dining, boat ramps, art galleries, Charlotte Harbor Event Center, Fishermen's Village, weekend farmer and artisan markets,
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 15, 2026 | Sold | ||
| Sold | |||
| May 23, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Price Decreased |
$650,000
↓ $50K
(7.1%) | |
| Price Decreased | |||
| Feb 15, 2026 | Price Decreased |
$700,000
↓ $75K
(9.7%) | |
| Price Decreased | |||
| Jan 31, 2026 | Price Decreased |
$775,000
↓ $75K
(8.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017