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118 BAY DRIVE
About This Property
Step inside to an open-concept floor plan featuring a split-bedroom layout, vaulted ceilings, ceiling fans, and luxury vinyl plank flooring throughout the main living areas. The bright kitchen is the centerpiece of the home, complete with a large island, granite countertops, slow-close cabinetry, and brand-new stainless steel appliances.
The primary suite boasts a tray ceiling, a generous walk-in closet, and a private en-suite bathroom featuring dual vanities and a walk-in shower. Bedrooms two and three are located on the opposite side of the home, offering privacy and convenience, along with a guest bathroom that includes a tub with tile surround.
Additional highlights include an indoor laundry room conveniently located just inside the home off the garage entry, a concrete sidewalk leading from the driveway to the garage service door, and attractive new construction pricing that makes this home an incredible value.
Enjoy outdoor living on the 15x10 covered back porch and the extended 10x12 concrete patio-perfect for grilling, entertaining, or simply unwinding at the end of the day.
Conveniently located in Ocklawaha, this home offers the perfect balance of peace and accessibility while still maintaining that desirable country feel. Located just minutes from Lake Weir, Eaton's Beach, Gator Joe's, The Villages, Downtown Spanish Springs, shopping, dining, and much more. Plus, you're only about 25 minutes from downtown Ocala.
Don't miss the opportunity to own this beautiful new construction home-schedule your showing today!
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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 30, 2026 | Sold | ||
| Sold | |||
| May 31, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Price Decreased |
$259,000
↓ $9K
(3.4%) | |
| Price Decreased | |||
| Feb 11, 2026 | Price Decreased |
$268,000
↓ $2K
(0.7%) | |
| Price Decreased | |||
| Jan 23, 2026 | Price Decreased |
$270,000
↓ $28K
(9.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017