11 Cove Drive
About This Property
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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 |
|---|---|---|---|
| Jul 15, 2023 | No longer available | - | |
| No longer available | |||
| Jun 21, 2023 | Listed by Diane Turton, Realtors | $624,900 | |
| Listed by Diane Turton, Realtors | |||
| | |||
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Expansive waterfront residence located in the highly sought-after ''Skippers Cove.'' This ranch-style home boasts 3 bedrooms, 2 full baths, 2000 + sq ft, set amidst a quite cul-de-sac. This property is EXEMPT FROM FLOOD INSURANCE requirements, adding peace of mind to its allure. The open and spacious layout has a generously sized Great Room, complete with a charming wood-burning fireplace, a well-appointed dining area, and kitchen. Abundant windows allowing for natural light and offering vistas of the waterfront and peaceful backyard.
The Master Bedroom is ideally positioned to overlook the calming waters. Additionally, Sliding doors in the Great Room seamlessly connect the interior to the outdoor patio, complemented by a pergola, hot tub, fire pit, and other enticing features, all of which provide an ideal setting for relaxation and entertaining amidst the lagoon.
Residents of this community benefit from exclusive access to a private beach, a clubhouse, a playground, as well as recreational amenities such as shuffleboard, basketball, and bocce courts. The annual dues are $250. The manager has listed the unit size as 2087 square feet.
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| Dec 3, 2021 | Sold | ||
| Sold | |||
| Oct 8, 2021 | Listed by Diane Turton, Realtors-Beach Haven | $479,000 | |
| Listed by Diane Turton, Realtors-Beach Haven | |||
| Sep 19, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017