72 Glades Rd
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%.
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 |
|---|---|---|---|
| Apr 25, 2025 | Sold | ||
| Sold | |||
| Apr 24, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 24, 2025 | In contract | - | |
| In contract | |||
| Mar 27, 2025 | Listed | $2,880,000 | |
| Listed | |||
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Welcome to 72 Glades Road, a once-in-a-lifetime opportunity to build your dream house on Minot Beach. This isn’t just a property; it’s a front-row seat to true coastal living. One of the only homes on Minot Beach with sandy shores at both high and low tide, this rare gem offers an unparalleled connection to the ocean. Imagine waking up to the glow of the sun rising over Minot Light and ending your day with the serene hues of sunsets over Cohasset Harbor—all from your private retreat. This shovel-ready opportunity comes with approved plans crafted by a renowned architect and engineer, and a trusted local builder ready to bring your vision to life. Whether you want to move forward immediately or take your time, the option to purchase the land separately gives you ultimate flexibility to create the home you’ve always dreamed of. Skip the red tape and seize this rare chance to build on one of the South Shore’s most coveted beachfront locations.
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| Mar 12, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017