25
Map
64 Spar Drive
About This Property
The expansive layout offers ample space for extended living or entertaining, highlighted by a primary bedroom suite complete with a full bathroom and private balcony-perfect for relaxing and enjoying the coastal surroundings. The kitchen is equipped with stainless steel appliances and gas cooking, ideal for any home chef. Additional features include efficient oil heating and a detached, oversized 2-car garage providing plenty of storage and convenience.
Ideally located just minutes from Smith Point Beach, and in close proximity to shopping, restaurants, major highways, and the LIRR train station, this home offers the perfect blend of accessibility and coastal charm. Don't miss this incredible opportunity to own in one of Mastic Beach's most sought-after waterfront communities!
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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 |
|---|---|---|---|
| Sep 9, 2026 | Price Increased |
$599,999
↑ $25K
(4.4%) | |
| Price Increased | |||
| Aug 28, 2026 | Relisted | $574,999 | |
| Relisted | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| May 4, 2026 | Listed by Signature Premier Properties | $574,999 | |
| Listed by Signature Premier Properties | |||
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About Mastic Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017