1221 Coral Cay Bend
About This Property
Upstairs, a versatile loft and a large game room offer additional living space, perfect for media, recreation, or hobbies. The second floor also includes a bedroom with a private bath and two additional bedrooms that share a hall bath, providing privacy and convenience for residents and guests alike. The primary suite is generously sized, featuring an extra retreat space, dual vanities and closets, and a tray ceiling, creating a luxurious and restful retreat.
Rosedale's upcoming community amenities elevate everyday living, with a clubhouse, swimming pool, parks, playground, pickleball and cornhole courts, and paved walking trails, all designed to foster an active, connected lifestyle. The Classic Collection offers spacious, thoughtfully designed single-family homes with open-plan layouts, accommodating up to five bedrooms to meet a variety of lifestyle needs.
Residents of Rosedale enjoy access to a top-rated school district, nearby shopping centers, and a wealth of recreational opportunities. Downtown Wake Forest, just five miles away, offers charming dining options, boutique shops, art galleries, and local events. With its combination of modern home design, community amenities, and convenient location, the Galvani II at Rosedale presents an exceptional opportunity for buyers seeking a vibrant and well-appointed lifestyle in Wake Forest.
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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 |
|---|---|---|---|
| Nov 24, 2025 | Sold | ||
| Sold | |||
| Sep 2, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Price Decreased |
$584,990
↓ $15K
(2.5%) | |
| Price Decreased | |||
| Jun 27, 2025 | Listed by Lennar Carolinas LLC | $599,990 | |
| Listed by Lennar Carolinas LLC | |||
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About Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017