6425 PUTNAM Street
About This Property
As you step inside, vaulted ceilings create an airy, spacious ambiance in the living area. A wood-burning fireplace provides a cozy focal point for cooler Florida evenings, while the new HVAC system ensures comfort year-round. The living space flows seamlessly to a screened porch, where you can relax and enjoy picturesque canal views. An in-house water purification unit guarantees clean, fresh water throughout the home. The property also features a variety of mature, fruit-bearing trees, including cherry, avocado, lemon, blackberry, lime, and peach, allowing you to enjoy fresh, organic produce right from your backyard. The true highlight of this property is the easy water access right from your backyard. Picture yourself launching a kayak for a morning paddle or taking your boat out for an evening ride from your private dock. With two floating docks, there's ample room for all your water toys. Enjoy fishing off your dock or simply soaking in the view of the water, where you'll spot a variety of birds, manatees, turtles, and even dolphins.
Just a short stroll away, the deeded beach walkover leads you to the sandy shores of Crescent Beach. Whether you're looking to unwind or enjoy outdoor activities, this location offers the best of both worlds. For a taste of excitement, the historic downtown district is only a 10-minute drive away, featuring charming shops, numerous restaurants, and a vibrant nightlife.
This home is the best-priced waterfront property on the market. While some work has been done, it still awaits your personal touch to transform it into a unique waterfront retreat. If you've been dreaming of direct water access while being close to the beach, this is your chance to secure a waterfront home at an incredible price.
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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 |
|---|---|---|---|
| Aug 19, 2024 | Sold | ||
| Sold | |||
| Jul 29, 2024 | In contract | - | |
| In contract | |||
| Jul 21, 2024 | Listed by ENDLESS SUMMER REALTY | $699,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
| Jun 28, 2019 | Sold | ||
| Sold | |||
| Jun 10, 2019 | Listed by ENDLESS SUMMER REALTY | $485,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017