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1172 Kittiwake Circle
About This Property
Originally custom built by Bruce Drobnyk, the home has been carefully upgraded over the years to enhance both style and durability. Notable features include an Ipe front stairway, soaring volume ceilings, multiple decks, a metal roof, and hurricane shutters, among many other improvements. Five-bedroom homes on Sanibel are a rare offering, making this property an exceptional opportunity. A perfect island retreat for gathering, relaxing, and creating lasting memories-this is one you won't want to miss. Did we mention the view?
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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 |
|---|---|---|---|
| Jun 1, 2026 | Relisted | $1,449,000 | |
| Relisted | |||
| May 20, 2026 | In contract | - | |
| In contract | |||
| Mar 30, 2026 | Price Decreased |
$1,449,000
↓ $49K
(3.3%) | |
| Price Decreased | |||
| Dec 18, 2025 | Listed by Kingfisher Real Estate, Inc. | $1,498,000 | |
| Listed by Kingfisher Real Estate, Inc. | |||
| Apr 25, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017