1237 Coral Cay Bend
About This Property
The main level features an open-concept layout connecting the huge kitchen, breakfast room, and great room, creating a bright, inviting space perfect for gatherings and family living. A formal dining room provides an additional space for hosting dinners or special occasions. The gourmet kitchen serves as the heart of the home, with abundant counter space and cabinetry to accommodate culinary needs.
Upstairs, a spacious loft serves as a versatile secondary living area, ideal for a media room, homework space, or casual lounging. The second-floor bedrooms are thoughtfully arranged for comfort and privacy: Bedroom 2 features its own private attached bathroom, while Bedrooms 3 and 4 share a well-appointed hall bath. The oversized owner's suite is a luxurious retreat, complete with a sitting area, dual vanities, two walk-in closets, a garden tub, and a separate shower, along with a private water closet for added convenience.
Rosedale's Classic Collection offers spacious homesites with open-plan layouts and up to five bedrooms, providing flexibility and comfort for modern lifestyles. The community will feature highly sought-after amenities, including a clubhouse, swimming pool, parks, and more, encouraging active and social living. Residents also enjoy access to a top-rated school district and are just minutes from local shopping centers and dining options.
Located less than five miles from Downtown Wake Forest, homeowners can enjoy charming restaurants, boutique shops, art galleries, and local events. With its combination of modern design, thoughtful floor plan, and access to vibrant community amenities, the Eastman at Rosedale provides an exceptional opportunity to enjoy an active and connected 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 |
|---|---|---|---|
| Feb 26, 2026 | Sold | ||
| Sold | |||
| Nov 13, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2025 | Listed by Lennar Carolinas LLC | $554,990 | |
| Listed by Lennar Carolinas LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017