7245 A1A South A #A
About This Property
The manager has listed the unit size as 1785 square feet.
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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.
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 |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Oct 20, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Price Decreased |
$499,800
↓ $29K
(5.5%) | |
| Price Decreased | |||
| Aug 16, 2025 | Listed | $529,000 | |
| Listed | |||
| | |||
|
The Beach is calling! Live the dream in this 3-bedroom, 2-bath condo at Tropic Terrace—an exclusive five-unit community in the heart of Crescent Beach. Located just steps to a county beach walkover and two blocks from the public Intracoastal boat ramp. This single-story end unit offers 1,785 sq. ft., an attached garage, spacious master suite, and a covered lanai overlooking a private waterfall pool shared by only four other owners.
Located in a two-story condo complex, this condo avoids many of the complications and requirements that come with larger three-story or high-rise buildings. No short-term rentals keep the community peaceful, while the pet-friendly HOA allows two pets with no weight limit. Concrete walls, impact windows, a brand-new HVAC (Aug 2025), and a history of no water intrusion offer comfort and peace of mind. Walk to the beach, catch the sunset over the waterway, and enjoy the best of Anastasia Island living.
| |||
| Jun 28, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/16/2025
|
3 Bed
|
2 Bath
|
1785 ft²
|
$529,000
3 Bed
2 Bath
1785 ft²
|
$485,000
-8.32%
11/26/2025
|
Victoria Sicuranza
Coldwell Banker Premier Properties (SM)
| |
|
07/07/2020
|
3 Bed
|
3 Bath
|
1880 ft²
|
$333,500
3 Bed
3 Bath
1880 ft²
|
$333,500
10/30/2020
|
Allesha Schirmer
Berkshire Hathaway Homeservices Florida Network Realty
| |
|
07/02/2020
| |
3 Bed
|
3 Bath
|
1906 ft²
|
$329,500
3 Bed
3 Bath
1906 ft²
|
-
-
|
-
|
|
04/24/2020
|
3 Bed
|
3 Bath
|
1880 ft²
|
$329,500
3 Bed
3 Bath
1880 ft²
|
-
-
|
-
| |
|
10/23/2019
|
3 Bed
|
3 Bath
|
1880 ft²
|
$339,750
3 Bed
3 Bath
1880 ft²
|
-
-
|
-
| |
|
01/04/2019
|
3 Bed
|
3 Bath
|
1880 ft²
|
$334,000
3 Bed
3 Bath
1880 ft²
|
-
-
|
-
| |
|
01/02/2019
|
3 Bed
|
2 Bath
|
1785 ft²
|
$369,000
3 Bed
2 Bath
1785 ft²
|
-
-
|
-
| |
|
06/28/2017
| |
3 Bed
|
3 Bath
|
1906 ft²
|
-
3 Bed
3 Bath
1906 ft²
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017