97 Grayton Boulevard
About This Property
Offering 3 bedrooms, 3.5 bathrooms, and a versatile flex space, the thoughtfully designed layout features a first-floor primary suite with a large soaking tub and double vanity, a second-floor junior primary suite with a private en-suite bath and screened-in balcony with a charming porch swing, and an additional guest suite with its own en-suite bathroom. The dedicated flex room is currently configured as a complete nursery but offers the versatility to serve as an additional sleeping space, home office, gym, or other functional living or storage space to suit your needs. A golf cart also conveys with the home, making it easy to explore nearby Interior updates include curated wallpaper accents, updated lighting and hardware, shiplap details and wainscoting, and updated cabinetry and shelving. The kitchen features a natural gas range and stainless steel appliances, while convenient laundry facilities are located on the primary bedroom floor. Abundant storage throughout adds to the home's functionality. New screened-in porches extend the living space outdoors, including a second-floor porch with a charming swing off the junior primary suite.
The backyard is a private retreat featuring a putting green, outdoor TVs, privacy fencing, coral stone pavers and landscape rocks for effortless maintenance, and a brand-new pergola, creating the perfect setting for entertaining along with an outdoor shower that offers a convenient place to rinse off after a day at the beach. Residents of The Village at Grayton Beach also enjoy access to the community pool located at the end of the street. Additional highlights include a garage with custom built-in storage, a fully encapsulated crawl space, an extra parking pad allowing parking for four vehicles and golf cart.
Enjoy Grayton Beach's vibrant local dining scene, with nearby favorites including Black Bear Bread Co. for morning coffee and pastries, Green Stream for fresh juices, smoothies and poke bowls, Raw & Juicy for its popular Thursday and Friday outdoor pizza nights, Chanticleer Eatery and Borago Italian for casual dining or Roux 30A for an upscale experience. Grab fresh seafood at Grayton Seafood Co. or Hurricane Oyster Bar, enjoy live music and a lively atmosphere at The Red Bar, sing Karaoke at AJ's, or head to Chiringo for a beachside meal and cocktails. With local spots to explore by foot or bike, plus easy shuttle access to Grayton's beautiful beaches, you can embrace the laid-back coastal lifestyle at your fingertips without ever having to stray far from home.
With convenient access to Highway 98 quickly taking you to Destin or Panama City Beach, you can explore everything Grayton Beach has to offer while avoiding much of the seasonal 30A traffic. Combining a sought-after location, thoughtful updates, flexible living space, outdoor entertaining areas, and attractive rental projections, this Grayton Beach home offers a rare opportunity to enjoy the best of coastal living at an exceptional price point.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017