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6401 MARINA DRIVE
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 20, 2026 | Listed by RE/MAX ALLIANCE GROUP | $2,390,000 | |
| Listed by RE/MAX ALLIANCE GROUP | |||
| Dec 30, 2024 | Sold | ||
| Sold | |||
| Dec 4, 2024 | In contract | - | |
| In contract | |||
| Nov 29, 2024 | Listed by A PARADISE INC REALTOR | $749,000 | |
| Listed by A PARADISE INC REALTOR | |||
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** INVESTOR ALERT** Duplex 2/2 and 2/1 on canal. Remodel for vacation rental or make it you Island home. Many possibilities for this very popular area of some of the finest beaches. Take a ride in your boat or stroll just blocks away to the gulf shores. Remodel to live in one side with your boat docked on your private dock and rent the other side for a great income producing property. Million dollar homes all around this community. The home and dock damaged by the Helene and Milton with water intrusion and damage to the dock boards. The property sits at the end of the canal. Davit lifts for boats. Functional condition of the lift unknown after the storms and must be verified. Rebuild to a multi- level home could also be a possibility. Verify all regulations of elevation and construction rebuilds with City of Holmes Beach planning and development as well as Seaside Garden Association. There is currently a one-time application fee of $1500.00 for the association to cover the water system within the association. This area is well known for vacation rentals with beautiful beaches, shop, restaurants. Turn this home into a very profitable income producing property or make it your new Island home on the amazing Florida coast. Some of the interior has been removed after the storm. More tear-out remains. Metal roof installed in 2015. Appears to be in good shape but should be inspected to verify. Property sold " AS IS". All measurements must be verified. Very low HOA fees.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017