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9080 GRIGGS ROAD
About This Property
From the moment you step inside, you'll notice just how bright and inviting this home feels. Vaulted ceilings create an open, airy atmosphere, while luxury vinyl flooring and fresh paint give the interior a clean, updated look. The OPEN FLOOR PLAN connects the kitchen, living, and dining areas, making the space perfect whether you're entertaining friends after a day on the water or enjoying a quiet night at home.
The kitchen has been completely refreshed with granite countertops, NEW stainless-steel appliances, plenty of workspace, and an easy connection to the main living areas. Both bathrooms have also been beautifully renovated, giving the home a cohesive, updated feel from room to room.
And this isn't a home where the improvements stop at what you can see! Some of the BIG-TICKET ITEMS have already been taken care of, including a BRAND-NEW A/C, NEW WINDOWS, updated electrical in 2026, and RE-PIPING in 2026. Fresh interior and exterior paint add even more to the move-in-ready feel, allowing you to spend less time worrying about projects and more time enjoying everything Florida has to offer.
One of our favorite spaces is the AIR-CONDITIONED FLORIDA ROOM. Surrounded by windows and filled with natural light, it's an incredibly versatile extension of the home. Create a second living area, home office, reading room, game space, or simply make it your favorite place to enjoy coffee in the morning and unwind at the end of the day.
There's plenty of functionality here too, with an INDOOR LAUNDRY CLOSET and a separate 140-square-foot STORAGE SHED providing extra room for tools, bikes, fishing gear, boating supplies, beach chairs, and all the extras that come along with living near the water.
But what really sets this home apart is the LIFESTYLE. Your boat slip is right around the corner, Gulf beaches are just minutes away, and waterfront restaurants and tiki bars can become part of your regular routine, whether you're arriving by car or by boat. Shopping, dining, and everyday conveniences are all nearby, while home still feels like your own peaceful Florida retreat.
NO HOA. DEEDED BOAT SLIP. MAJOR UPDATES ALREADY COMPLETED. And a location that makes it easy to actually enjoy the Florida lifestyle you moved here for. This isn't just a place to call home, it's your starting point for days on the water, evenings by the coast, and everything in between!
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017