1251 Windward DRIVE
About This Property
Located in the premier neighborhood of Southbay Yacht and Racquet, this home has been thoughtfully updated leaving you with minimal maintenance so you can truly enjoy all that fun there is to have with the many amenities this development has to offer.
This property is move-in ready. With a newer roof, hurricane impact windows and all up to date plumbing, you have little to worry about.
Rest easy knowing that the property is located out of the flood zone.
Enjoy the privacy of the backyard created by lush landscaping and a privacy wall. The elevated ceiling and many windows provide an open, airy feel. The layout of the home offers a split floor plan with the Primary suite on one side of the house and two bedrooms and another bath on the other side.
One of the few deep water marinas on the west coast of Florida is the heart of Southbay. Dock slips are available at very low rates for Southbay homeowners. Current rates are between $45-188/Mo. (paid quarterly). The Marina accommodates boats up to 65' including Sailboats.
Play until your heart's content with a myriad of opportunities that Southbay has to offer: boating with neighbors, pickleball, tennis, kayaking, bocce ball, shuffleboard or participate in the many social events hosted at the newly renovated clubhouse.
Move in, hop on your boat and enjoy a sunset cruise any night of the week.
Southbay offers the active Florida lifestyle you'll love.
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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 |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Jul 7, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Price Decreased |
$925,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| May 9, 2024 | Price Decreased |
$945,000
↓ $20K
(2.1%) | |
| Price Decreased | |||
| Apr 13, 2024 | Relisted | $965,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017