48
Map
706 Waterside Drive
About This Property
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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%.
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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 |
|---|---|---|---|
| Sep 18, 2026 | Listed by Keller Williams Marco Realty | $3,800,000 | |
| Listed by Keller Williams Marco Realty | |||
| Jul 14, 2026 | No longer available | - | |
| No longer available | |||
| Jun 9, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Jan 23, 2026 | Price Decreased |
$3,950,000
↓ $400K
(9.2%) | |
| Price Decreased | |||
| Nov 3, 2025 | Listed by Premier Sotheby's Int'l Realty | $4,350,000 | |
| Listed by Premier Sotheby's Int'l Realty | |||
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Seller agrees to pay the one-time, non-refundable $125,000 capital contribution fee to Hideaway Beach for the buyer with an acceptable contract! Few have possessed the passion to create a home resort oasis that elevates nature and privacy to a starring role with a design that flows with ease, grace and simple beauty. This custom home was designed by award-winning Stofft Cooney Architects and features nearly 3,000 air-conditioned square feet of luxury living space over three levels with three bedrooms, three-and-a-half-baths, office, bonus room, elevator, travertine floors with high-end appliances, exquisite finishes and stunning views throughout. The open plan seamlessly transitions to the spacious outdoor terrace with glass balcony and stair rails where you have a stunning backdrop of the Gulf of Mexico, lagoon, area wildlife and beautiful vegetation. This contemporary work of art was masterfully built and completed in 2023 with concrete block on all floors and was designed to withstand storms. Top-of-the-line PGT 170 mph thermal insulated windows, Kohler whole-home generator, concrete aqueduct to underground drainage from roof (no gutters needed) and 1,000-gallon propane tank. The second floor (first living-level) is 18 feet above sea level, with the main living floor 28 feet above sea level. In the idyllic, gated beachfront community of Hideaway Beach on the private south side with separate gated entry. The home is a short distance to beach access and kayak storage or a quick golf cart ride to the beach club with formal/informal beach and gulf-side dining, community pool and the new, state-of-the-art sports and wellness center. Featuring top-of-the-line fitness equipment, group exercise rooms, personal/group training, multiple golf simulator bays, physical therapy, nutritional counseling, well-appointed locker rooms with spa-like amenities, a drink bar and more. Hideaway Beach is one of Marco Island's hidden gems and is more than just a community, it's a lifestyle. Designed to enhance residents’ quality of life through the array of amenities, programs available and social environment. Guard-gated entry, over two miles of beach, nine-hole golf course, tennis, pickleball and more.
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About Marco Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017