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About This Property
Enjoy stunning Gulf-front views, white sandy beaches, aqua-blue surf, and unforgettable sunsets. This property features a spacious bedroom, convenient hall bunks, and two full bathrooms. The living area is designed to showcase sweeping beach views, with the occasional dolphin visible in the waves. Resort amenities include a seasonally heated Gulf-front pool, hot tub, fitness room, BBQ area, and private boardwalk beach access. Located at sought-after Pelican Isle, this rental-ready property offers an excellent beachfront investment opportunity.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Sold | ||
| Sold | |||
| Sep 4, 2026 | In contract | - | |
| In contract | |||
| Jul 15, 2026 | Listed by Sugar Sands Realty | $430,000 | |
| Listed by Sugar Sands Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017