70
Map
7 NEPTUNE PARK DR.
About This Property
A rare opportunity to own a true coastal gem just steps from the ocean in beautiful Ormond By the Sea-complete with private community beach access and a separate commercial building right on Ocean Shore Blvd. Live, work, and play at the beach while also enjoying multiple income-producing possibilities.
This charming beachside home already shines with vibrant Caribbean exterior colors, fresh paint, new roof, all-tile flooring, brand-new bath, updated A/C compressor, hurricane-rated windows, gutters, new dishwasher, patio door, and two outdoor showers (including a private open-air shower). The property also includes a separate cottage with its own full bath-perfect for guests, extended family, or turnkey rental income.
AND NOW-EVEN MORE UPGRADES HAVE JUST BEEN ADDED!
The owner has transformed the outdoor living experience with a full slate of new amenities, including:
New Hot Tub – Relax under the stars steps from the ocean
Fresh Coastal Landscaping – Enhanced curb appeal and a lush, tropical feel
Brand-New Fire Pit Area – Perfect for sunset gatherings and s'mores
String Lighting Throughout – Creates stunning nighttime ambiance
Expanded Outdoor Games – Ideal for entertaining renters, friends, and family
Multiple New Exterior Enhancements – Upgrades throughout the yard designed to elevate your outdoor lifestyle and maximize Airbnb appeal
Whether you choose to live here full-time, run a short-term rental, start your business, or do all three, this property offers unmatched flexibility.
Property Highlights
Airbnb / Short-Term Rental Friendly
Private Beach Access – Just steps away
Ocean Views from the enclosed Florida room
Zoning allows a second story for even more ocean views
Main Home: 2 bedrooms • 1.5 bathrooms • includes an open-air shower + beach rinse shower
Guest Cottage: 1 bedroom • 1 full bath
Commercial Building: On Ocean Shore Blvd - ideal for a business, studio, workshop, or additional income stream
Two separate structures with clear rental and business potential
Perfect For
Investors: Multiple income streams, Airbnb-ready
Entrepreneurs: Run your business at the beach
Beach Lovers: Private access, ocean views, and a fully upgraded outdoor oasis
Opportunities like this rarely come up -
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Cap Rate Calculator
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 22, 2026 | Price Decreased |
$699,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Sep 19, 2026 | Price Decreased |
$709,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Sep 15, 2026 | Price Decreased |
$719,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Sep 8, 2026 | Price Decreased |
$729,000
↓ $10K
(1.4%) | |
| Price Decreased | |||
| Aug 31, 2026 | Price Decreased |
$739,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
Property Highlights
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About Neptune
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017