1240 Coral Cay Bend
About This Property
Upstairs, four additional bedrooms provide ample space for family, hobbies, or office needs. A versatile loft serves as a secondary living area or flexible space for a media room, study, or recreational zone. The primary suite is designed as a luxurious retreat, featuring dual vanities, a spacious walk-in closet, and a tray ceiling that enhances the elegance of the space.
Rosedale's Sterling Collection offers thoughtfully designed homesites with open-plan layouts, accommodating four to five bedrooms, three to four bathrooms, and two-car garages. The community's highly anticipated amenities enhance daily living, including a clubhouse, swimming pool, parks, playground, pickleball and cornhole courts, and paved walking trails. These amenities provide residents with a vibrant, active lifestyle just steps from home.
Located near Gateway Commons and Wake Forest Crossing, Rosedale residents enjoy convenient access to shopping, dining, and entertainment. Wake Forest itself is a fast-growing town that maintains its small-town charm, featuring a downtown with art galleries, studios, boutique shops, and unique dining options. The community also offers access to excellent schools, making it an ideal location for families or those seeking a connected, amenity-rich lifestyle.
With its combination of modern design, spacious floor plan, and access to premier community amenities, the Nelson at Rosedale presents an exceptional opportunity to enjoy stylish, convenient living 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 |
|---|---|---|---|
| Oct 29, 2025 | Sold | ||
| Sold | |||
| Sep 29, 2025 | In contract | - | |
| In contract | |||
| Sep 19, 2025 | Price Decreased |
$514,990
↓ $4K
(0.9%) | |
| Price Decreased | |||
| Aug 3, 2025 | Relisted | $519,430 | |
| Relisted | |||
| Jun 13, 2025 | Listed by Lennar Carolinas LLC | $519,430 | |
| 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