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7916 S Ocean Drive
About This Property
A rare oceanfront masterpiece awaits in the prestigious Diamond Sands enclave, where panoramic Atlantic vistas merge seamlessly with Intracoastal splendor. This newly constructed residence showcases commercial-grade craftsmanship throughout nearly seven thousand square feet of thoughtfully designed living space, where every room captures breathtaking water views. The main level flows effortlessly from Wolf and Sub-Zero appointed kitchen to expansive great room, while a sophisticated club room with full wet bar provides the perfect entertaining sanctuary. Three upper floors reveal spectacular guest accommodations including a VIP suite with private oceanfront balcony, alongside a primary retreat featuring spa-inspired bath and unfinished four-hundred-square-foot space awaiting custom vision. The resort-style infinity-edge pool and spa complement outdoor living at its finest, while exclusive dock access enhances the ultimate waterfront lifestyle
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Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 26, 2025 | Sold | ||
| Sold | |||
| Nov 24, 2025 | In contract | - | |
| In contract | |||
| Nov 22, 2025 | Price Increased |
$3,750,000
↑ $250K
(7.1%) | |
| Price Increased | |||
| Nov 16, 2025 | Price Decreased |
$3,500,000
↓ $3M
(44.4%) | |
| Price Decreased | |||
| Aug 1, 2025 | Price Decreased |
$6,300,000
↓ $50K
(0.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017