116 PROVIDENCE Drive
About This Property
The chef's kitchen is equipped with white cabinetry, Whirlpool Gold stainless steel appliances, gray and white granite countertops, and a charming breakfast nook. The primary suite offers a two-level tray ceiling, a walk-in shower, and a soaking tub for ultimate relaxation.
Outside, enjoy low-maintenance landscaping, an extended enclosed lanai with windows and a door, and plenty of room for a pool. The 3-car attached garage provides ample storage space. Residents of TrailMark enjoy a wealth of amenities, including a clubhouse, resort-style pool, pickleball courts, fitness center, and walking trails. The community hosts engaging events such as the TrailMarket for artists, Earth Day Adventures, and the Halloween Boo Bash. Conveniently located near historic St. Augustine, the home is zoned for A-rated schools.
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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%.
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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| Jun 19, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Price Decreased |
$455,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Apr 29, 2025 | Price Decreased |
$460,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
| Apr 2, 2025 | Listed by EXP REALTY LLC | $480,000 | |
| Listed by EXP REALTY LLC | |||
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About World Golf Village
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017