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106 CYPRESS DRIVE
About This Property
Natural light fills the open living and dining areas, creating an inviting setting for relaxing and entertaining. The beautifully appointed kitchen features quartz countertops, white shaker-style cabinetry, BRAND-NEW stainless steel appliances, contrasting black hardware, and a spacious island with pendant lighting. Warm wood-look flooring and a neutral palette bring a cohesive, contemporary feel to the interior.
The spacious primary suite offers a walk-in closet and a remodeled bathroom with a double-sink vanity and tiled walk-in shower. Two additional bedrooms provide space for guests, work, or hobbies, complemented by a beautifully remodeled second bathroom. A dedicated laundry closet adds convenience.
Start your morning with coffee on the generous screened porch, then enjoy the amenities of gated Meadowlea on the River, within Leisure World Park. Residents have access to a community pool, clubhouse, playground, private boat ramp, and marina on the St. Johns River. Boat slips may be rented or purchased separately, subject to availability and community requirements.
With land ownership included, NO LOT RENT, and an HOA fee of just $64.60 per month, this extensively renovated home offers an appealing combination of comfort, style, and outdoor recreation. Offered at $225,000-schedule your private showing today!
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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.
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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 |
|---|---|---|---|
| Oct 1, 2026 | Listed by ENGEL & VOLKERS NEW SMYRNA | $225,000 | |
| Listed by ENGEL & VOLKERS NEW SMYRNA | |||
| Jun 18, 2026 | Sold | ||
| Sold | |||
| May 11, 2026 | Listed by PALLADIUM INVESTMENTS INC | $84,000 | |
| Listed by PALLADIUM INVESTMENTS INC | |||
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Investor special with strong upside potential! This 3-bedroom, 2-bath split floor plan home sits on OWNED LAND — no lot rent. Renovations have already been started, making it a great opportunity for investors, flippers, or buyers looking to customize.
Located in the gated waterfront community of Leisure World Park with an exceptionally low HOA. Community amenities include a pool, marina, private boat ramp, dock, shuffleboard, and basketball courts. Enjoy direct access to the St. Johns River and Lake Monroe, perfect for boating, fishing, and outdoor living.
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| Aug 7, 1998 | Sold | ||
| Sold | |||
| Nov 15, 1985 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017