117 AZALEA ROAD
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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.
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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 13, 2026 | Sold | ||
| Sold | |||
| Feb 27, 2026 | In contract | - | |
| In contract | |||
| Feb 13, 2026 | Listed by HOME & FAMILY REAL ESTATE & PROPERTY MANAGEMENT | $699,982 | |
| Listed by HOME & FAMILY REAL ESTATE & PROPERTY MANAGEMENT | |||
| Sep 4, 2025 | Price Decreased |
$699,000
↓ $21K
(2.9%) | |
| Price Decreased | |||
| Jun 27, 2025 | Listed | $720,000 | |
| Listed | |||
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Welcome to 117 Azalea Drive—your private waterfront escape in the peaceful Waterway Park neighborhood of Edgewater. This beautifully updated home sits on a saltwater canal with direct access to the Halifax River and out to the ocean. Enjoy the Florida boating lifestyle with your own private two-story dock and boat lift, perfect for fishing, sunset cruises, or heading straight out to sea.
The home has been thoughtfully upgraded with a brand-new roof, fresh exterior stucco, and new composite decking on the dock. Inside, you'll love the open floor plan, updated kitchen with granite countertops and stainless appliances, and a spacious new walk-in closet in the master suite. Tile flooring runs throughout, and the bathrooms have been tastefully updated to match the home's coastal charm.
Located on a quiet, low-traffic street with friendly neighbors and no HOA, this property offers true peace and privacy. Whether you're enjoying your morning coffee by the water or watching the breathtaking sunsets from your dock, life here feels like a permanent vacation. Don't miss your chance to own a piece of Florida paradise with deep water access, modern updates, and a backyard built for the best days of your life.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017