1009 Suwannee Drive #LOT2
About This Property
Welcome to the Colt plan, located in the newly released Arborview Park phase of Watersound Origins near the entrance of the community at West Bay Parkway and Highway 98. Situated on a homesite with a waterview, this single-level home offers approximately 2,100 square feet of living space with 3 bedrooms, 2 full baths, a half bath and a 2-car garage.
The floor plan features an open living, dining, and kitchen layout with direct access through french doors to a rear screened porch overlooking a retention pond. The primary suite is positioned privately at the rear of the home and includes a larger custom walk-in closet and private bath with upgraded tile and marble flooring in shower, a free standing tub and dual vanity. Two additional bedrooms and a full bath are located along the front hallway. Interior features include 10-foot ceilings, crown molding in main living areas, quartz countertops in kitchen and baths, upgraded stainless steel Bosch appliances with 36" range complimented with an exhaust vent hood, Sea Harbor - Glue Down Wood flooring throughout, and wood cabinetry with soft-close drawers.
Exterior construction includes cement fiber siding, heirloom brick porch accents, decorative shutters, and professional landscaping with irrigation, fenced in backyard.
Residents of Watersound Origins enjoy access to the Origins Golf Course, Village Commons pool and fitness center, sports courts, trails, and Watersound Town Center located within the community.
Estimated completion is: August 2026.
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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 |
|---|---|---|---|
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Increased |
$879,080
↑ $9K
(1.1%) | |
| Price Increased | |||
| Jul 16, 2026 | Price Decreased |
$869,900
↓ $3K
(0.3%) | |
| Price Decreased | |||
| Jul 15, 2026 | Price Increased |
$872,900
↑ $3K
(0.3%) | |
| Price Increased | |||
| Jun 20, 2026 | Price Decreased |
$869,900
↓ $42K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017