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976 Nettles Boulevard
About This Property
This cute-as-a-button beach cottage offers exceptional value in the highly desirable Nettles Island ocean-to-river community. Recent improvements include a metal roof just 3 years old and a new full-size washer and dryer for everyday convenience. Inside you'll find a surprisingly large bathroom with a spacious shower, a feature rarely found in similar island cottages. Outside, expansive pavers create the perfect entertaining space, while the large driveway--an uncommon commodity in Nettles--comfortably accommodates multiple cars and golf carts. Located in the vibrant Nettles Island community with private beach access, marina, pools, clubhouse, and countless activities. FINANCING AVAILABLE W/$2000 towards closing costs.
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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 |
|---|---|---|---|
| Apr 3, 2026 | Sold | ||
| Sold | |||
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 5, 2026 | Listed by Epique Realty Inc. | $226,000 | |
| Listed by Epique Realty Inc. | |||
| Jul 10, 2025 | Price Decreased |
$237,000
↓ $16K
(6.1%) | |
| Price Decreased | |||
| Jan 18, 2025 | Listed | $252,500 | |
| Listed | |||
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OFFERS WΕᏞCΟME! This сhаrming twο‐bedroom, one-bath hοme іs located on S. Hutchinson Island within the gated community of Nettles Island. Residents of Nettles Island enjoy a variety of amenities, including bocce ball, shuffleboard, mini golf, two pools (one oceanfront with a snack bar), a marina, a convenience store, a restaurant, a dog spa, a clothing boutique, hair salon, and jet ski/boat rentals, and many social clubs. The community offers the perfect blend of relaxation and recreation, all within a short walk or bike ride from the beach. Some updates include a 2023 metal roof, a 2024 tankless hot water heater, a 2024 dishwasher & refrigerator, and a 2022 washer and dryer.
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Property Highlights
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Price/ft²
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About South Hutchinson Island
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$7,750 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017