1141 Binney Drive
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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 |
|---|---|---|---|
| Jun 7, 2024 | No longer available | - | |
| No longer available | |||
| Jan 10, 2024 | Listed by Southern Key Realty | $849,000 | |
| Listed by Southern Key Realty | |||
| | |||
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Resent Appraisal 880,000.0 Stunning 3-bedroom, 2-bathroom, 2-car garage home on Hutchinson Island! Constructed in 2020, this exquisite residence boasts elevated architecture, impact windows throughout, an inviting open floor plan, soaring vaulted ceilings, elegant crown molding, and features top-of-the-line appliances including a Viking fridge, induction cooktop, and convection double oven. Enjoy energy efficiency with spray foam insulation, and enhance privacy with plantation shutters. The property also offers a beautifully paved driveway, a fenced yard, and ample space for a pool. Conveniently located just steps away from the Pelican Yacht Club, and a short stroll to the beach, marinas, restaurants, shopping, and banking facilities. A brief drive takes you to the downtown waterfront The manager has listed the unit size as 2248 square feet.
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| Jun 15, 2022 | Sold | ||
| Sold | |||
| Apr 21, 2022 | Listed by Illustrated Properties LLC / Sewalls Point | $849,000 | |
| Listed by Illustrated Properties LLC / Sewalls Point | |||
| Oct 28, 2020 | Sold | ||
| Sold | |||
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About South Hutchinson Island
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Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20024265
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