11662 OLD CYPRESS COVE
About This Property
Not all homes in Forest Creek were created equally! Welcome to 11662 Old Cypress Cove, set in one of the original, premier sections of this sought-after community. When Neal Communities first developed Forest Creek, it was designed as the luxury line-soaring ceilings, designer touches, and crown molding throughout came standard. This 3-bed, 2-bath home stands out for all the right reasons: lawn maintenance included, peaceful preserve views with no rear neighbors, and a delightful extended, enclosed lanai for year-round enjoyment. Inside, you'll find no carpet, plus valuable updates including a newer roof (2019) and tankless hot water heater for added efficiency. Freshly repainted inside and out with Sherwin-Williams' top-grade paint for a crisp, polished finish. Forest Creek offers a gated entrance, clubhouse, fitness center, resort-style pool & hot tub, and scenic walking trails-all with easy access to I-75, shopping, dining, and the Gulf Coast beaches. Come see why this one checks every box-schedule your showing today!
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Dec 2, 2025 | Sold | ||
| Sold | |||
| Oct 21, 2025 | In contract | - | |
| In contract | |||
| Oct 8, 2025 | Price Decreased |
$380,000
↓ $10K
(2.6%) | |
| Price Decreased | |||
| Sep 26, 2025 | Price Decreased |
$390,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Aug 9, 2025 | Listed by INNOVATE REAL ESTATE | $399,999 | |
| Listed by INNOVATE REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017