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814 Beach Drive
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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 1, 2026 | Listed by The Local Agents Real Estate LLC | $499,900 | |
| Listed by The Local Agents Real Estate LLC | |||
| Mar 18, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Dec 31, 2025 | Price Decreased |
$499,900
↓ $50K
(9.1%) | |
| Price Decreased | |||
| Jul 23, 2025 | Listed by The Local Agents Real Estate LLC | $549,900 | |
| Listed by The Local Agents Real Estate LLC | |||
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Worth waiting for - seller says let's sell. The Chelsea is beachfront on Beach Dr. It has easy access to the beach in front of Thunder Rd and Jettyview as well as to the Jetties. Surfers and fisher-people love this area as well as families. This has been a popular rental with great reviews. The stairs are to the rear of the home. From the back deck, you will enter the home with the kitchen to the left, a dining area and living room to the front and the beachfront deck. Two the right are two bedrooms with a shared bathroom, and to the front left is the master bedroom with views of the Gulf and a private bathroom. This location is great! The home has been remodeled and beautifully maintained. This home is a rental and the new owners will be required to honor current reservations. Hurry to see the Chelsea. The name means a ship's port. Perfect to watch the Gulf and the ships going in an out of the Port of Freeport.
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| Oct 20, 2024 | Price Increased |
$549,900
↑ $50K
(10%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017