87 Seacrest Drive
About This Property
The home features a versatile floor plan with five bedrooms, a bunk room, and a carriage house with an upper loft, providing ample space for large family gatherings or optimizing rental potential. Two spacious master suites make it ideal for accommodating multiple families. Located at 87 Seacrest Drive, this property is perfectly positioned between Alys Beach and WaterSound, with dining, entertainment, and shopping just a short golf cart or bike ride away. With beach access only 1/3 mile from your front door, this home is an exceptional opportunity, whether as a second home or an investment property on 30A.
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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 |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Dec 23, 2025 | Relisted | $3,499,000 | |
| Relisted | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Price Decreased |
$3,499,000
↓ $296K
(7.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017