649 NORMANDY ROAD
About This Property
Sold in As-is condition.
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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 4, 2025 | Sold | ||
| Sold | |||
| Jul 21, 2025 | In contract | - | |
| In contract | |||
| Jun 20, 2025 | Listed by MJL SUNCOAST REAL ESTATE | $900,000 | |
| Listed by MJL SUNCOAST REAL ESTATE | |||
| Apr 8, 2025 | Listed by MJL SUNCOAST REAL ESTATE | $1,100,000 | |
| Listed by MJL SUNCOAST REAL ESTATE | |||
| | |||
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One of the largest water frontage properties in Madeira Beach. Perfect for that Florida dream retreat, waking up to amazing sunrises. Great location close to all the amenities the west coast is famous for. Recent concrete seawall with 134 feet of water frontage. Rare huge waterfront lot at the end of the cul-de-sac. Existing home will need to be removed by the buyer. The existing home was flooded and remediated. Check the FEMA guidelines for renovation restrictions.
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| Jan 23, 2004 | Sold | ||
| Sold | |||
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About Madeira Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017