51
Map
78 Esplanade Place
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 |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$2,150,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
| Jul 3, 2026 | No longer available | - | |
| No longer available | |||
| Jul 3, 2026 | Listed by @properties Christie's International R.E. | $2,250,000 | |
| Listed by @properties Christie's International R.E. | |||
| May 31, 2026 | Price Decreased |
$2,250,000
↓ $100K
(4.3%) | |
| Price Decreased | |||
| Feb 2, 2026 | Listed by Coldwell Banker Woodland Schmidt | $2,350,000 | |
| Listed by Coldwell Banker Woodland Schmidt | |||
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Life's a beach! Welcome to this fabulous, nearly new beach home just minutes from downtown South Haven near the channel on North Beach with wide, sandy Lake Michigan beach and amazing sunsets and boating and people watching. Short-term rentals allowed here and should be a great income producer. Being sold furnished and nearly turn-key. You'll love the 4th floor rooftop deck! This exceptional Lake Michigan beach home offers panoramic views of Lake Michigan, the channel, lighthouse & beach. The ground level offers a main level bedroom, full bath & a walkout patio complete with an oversized 2-stall garage & a convenient grocery lift. The 2nd level features a bright open floor plan with lake facing kitchen, dining, and living areas. The living room includes a gas fireplace and dry bar with ice maker & mini fridge, while the kitchen is highlighted by a center island with storage, LG appliances, soft-close cabinetry, and a large farm sink. A slider door off the dining area opens to a covered lakeside deck with an outdoor counter and sliding pass-through windows from the kitchen for seamless entertaining. The top level is dedicated to a lakeside primary suite with a spa-like bath featuring a tiled walk-in shower and soaking tub, along with a walk-in closet, and laundry.
The top level is complete with a sitting room with wet bar and lakeside deck with a winding staircase leading to the rooftop deck offering fantastic aerial views and unforgettable sunsets. Outdoor living abounds with multiple decks, patio and paved backyard, and a rooftop terrace. Directly across the street, North Beach provides wide sandy shoreline, while downtown South Haven's shops, dining, and local events are just minutes away. Combining thoughtful design, modern convenience, and a rare beachfront setting, this home is an exceptional opportunity on Lake Michigan.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017