1119 Kittiwake DRIVE
About This Property
The roof was replaced in 2023 and the exterior has just been painted. The pool heater was also replaced.
Centrally located Pelican Pointe offers 27 holes of semi-private golf. Ownership includes full social membership at the club, an active women's association with many various groups to satisfy all interests, fitness, dining, tennis, pickleball, heated pool, high-speed internet, cable and 24/7 guard house. Fees for golf membership are separate and not included in the HOA fees. Minutes away are the quaint shops, dining, beaches, biking/walking trails, fishing, performing arts center, cultural venues and other recreational activities of Historic Venice Island and there is also Wellen Park to the south.
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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 6, 2025 | Sold | ||
| Sold | |||
| Feb 16, 2025 | In contract | - | |
| In contract | |||
| Jan 17, 2025 | Price Decreased |
$649,900
↓ $49K
(7%) | |
| Price Decreased | |||
| Nov 28, 2024 | Price Decreased |
$699,000
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Nov 10, 2024 | Listed by GULF SHORES REALTY | $749,000 | |
| Listed by GULF SHORES REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017