82 CIMMARON DRIVE
About This Property
Seize the chance to own a **rare corner tip lot** with **250 feet of prime canal frontage**, offering **direct access to the Intracoastal Waterway**! Located in the sought-after **Sailboat Country** neighborhood, this property is an **absolute gem** with **endless potential** – whether you're looking to create your dream home or capitalize on **Airbnb opportunities**.
This **three-bedroom, two-bath home** features a spacious layout with **soaring ceilings** and a cozy **fireplace** that sets the perfect ambiance. Step outside to a **massive 458-square-foot enclosed patio**, ideal for entertaining or simply enjoying the incredible **water views**. Whether you're hosting guests or relaxing, this space is designed for maximum enjoyment.
**NO HOA** and **NO CDD fees**, the property offers tremendous flexibility for **short-term rental possibilities**-the perfect opportunity for investors looking to capitalize on the booming vacation rental market. Imagine offering guests the ultimate waterfront experience-**fishing right from your backyard**, **dolphins playing in the canal**, and relaxing by the water with **no restrictions**. The serene atmosphere combined with easy access to **beaches** and local attractions makes this home a **prime Airbnb location**.
This large lot, with its **majestic trees**, breathtaking **water views**, and unbeatable location just **15 minutes from the beach**, is one of those rare finds that doesn't come around often. Whether you're looking to create a luxurious waterfront retreat or start a successful short-term rental business, this property is your canvas.
**Don't miss out on this rare opportunity** to secure your very own slice of paradise. The possibilities are endless-act fast and make it yours today!
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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 19, 2025 | Sold | ||
| Sold | |||
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Jul 26, 2025 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jun 27, 2025 | Price Decreased |
$499,000
↓ $60K
(10.7%) | |
| Price Decreased | |||
| May 7, 2025 | Price Decreased |
$559,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017