1085 INVERNESS Drive
About This Property
The primary suite is a private retreat with a bay window, featuring two mirrored owner's closets, and a spacious bath, complete with a separate tub and shower. An additional flex/office space is conveniently located between the bedroom and bath, providing extra versatility, perfect for a second home workspace or reading nook. The carpeted bedrooms provide comfort, while ample storage space keeps everything organized.
Unwind in the enclosed lanai, featuring tile flooring, and screened windows to let in the fresh air and perfect for enjoying the Florida lifestyle year-round. Outside, the huge backyard overlooks a serene preserve, providing breathtaking views and ultimate privacy. Additionally, the two-car garage offers plenty of parking and storage.
The Cascades resort-style amenities include both indoor and outdoor pools, a fitness center, pickleball courts, tennis, bocce, billiard room, and more. This home is an incredible opportunity in WGV and St. Johns County.
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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 |
|---|---|---|---|
| Mar 17, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Listed by DAVIDSON REALTY, INC. | $400,900 | |
| Listed by DAVIDSON REALTY, INC. | |||
| Dec 28, 2012 | Sold | ||
| Sold | |||
| Sep 29, 2012 | Listed by DAVIDSON REALTY, INC. | $264,900 | |
| Listed by DAVIDSON REALTY, INC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017