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722 Beach Drive
About This Property
The real showstopper is the expansive front deck-offering unmatched, panoramic ocean views made for sunrise coffees and coast-side happy hours. Inside, the light-filled layout is upgraded with durable vinyl plank flooring, flowing seamlessly from a bright kitchen into easy living space.
Meticulously kept and fully turnkey, this improved secondary retreat delivers premium beachfront deck views at a price point that makes absolute financial sense. Whether you're securing a legacy family escape or adding a high-potential asset to your portfolio, this Pedestrian Beach deal won't stay hidden long!
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jun 24, 2026 | Price Decreased |
$465,000
↓ $20K
(4.1%) | |
| Price Decreased | |||
| Apr 8, 2026 | Listed by Carter Signature Properties | $485,000 | |
| Listed by Carter Signature Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017