1230 BAY Drive
About This Property
3/2.5 canal-front home on one of Sanibel's most desired canal-front communities. Home has views of the island's deepest and widest direct access canal form the living room and dining area.
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 16, 2020 | Sold | ||
| Sold | |||
| Jun 16, 2020 | In contract | - | |
| In contract | |||
| Mar 10, 2020 | Price Decreased |
$1,619,000
↓ $30K
(1.8%) | |
| Price Decreased | |||
| Dec 13, 2019 | Listed | $1,649,000 | |
| Listed | |||
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The perfect island dream home w/deep water boating access in one of the most desirable locations in all of Sanibel Island! A true "Old Fla" island style home w/character offering a great room floor plan that features large picture windows that capture amazing views & lots of natural light the moment you enter. This home is complete w/all modern conveniences, heart pine wide plank wood floors, vaulted ceilings, lots of built-ins & art ledges, awesome kitchen w/granite countertops & subway tile backsplash, stainless-steel appliances, private top floor master suite, walk-in pantry, lg laundry, sleek fixtures thru-out, Wi-fi controlled shades, beautiful plantation shutters, new bathrooms w/classic mosaic marble floors & California Closets. The home also features a new metal roof, new lush topical landscaping, wide seawall canal ideal for large boating, fantastic bay views, recently enhanced outdoor pool area complete w/ travertine stone and Huge outdoor deck area. This home is a must see!! The manager has listed the unit size as 2500 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017