1091 Suwannee Drive #LOT5
About This Property
Located on a water-view homesite in Arborview Park, this single-level Brigette plan offers 2,200 square feet with four bedrooms, three-and-a-half baths and a two-car garage. From the foyer, the home opens into a spacious kitchen, dining and living area designed for easy everyday living and entertaining. The kitchen features quartz countertops, soft-close cabinetry, under-cabinet lighting, additional cabinetry along the back of the island with an extended countertop, and a stainless appliance package highlighted by a 36-inch dual-fuel gas range, vented hood and microwave drawer.
The primary suite is privately positioned toward the rear of the home and includes a walk-in closet and well-appointed bath, while three additional bedrooms provide flexible space for family, guests or a home office. Upgraded melamine-wrapped wood shelving enhances storage throughout the pantry and closets, and the laundry room includes upper cabinetry above the washer and dryer along with lower cabinetry and countertop space.
Outdoor living extends to the screened rear porch overlooking the water, with rear property fencing and a gas grill stub already incorporated into the home. Interior finishes include 10-foot ceilings, 8-foot solid-core doors, crown molding in the main living areas, luxury vinyl plank flooring, quartz countertops throughout, tiled showers and porcelain tile flooring.
Arborview Park is a recently released neighborhood located west of the established Watersound Origins community, with convenient access to community amenities including Origins Golf Course, Village Commons, fitness and sports courts, and an extensive network of walking and biking trails.
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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.
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 26, 2026 | Listed by Watersound Real Estate | $939,900 | |
| Listed by Watersound Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017