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1256 Continental Avenue
About This Property
The kitchen makes a memorable impression with rich green cabinetry that brings warmth and personality to the space. Generous living areas and a bright, window-filled Florida room provide plenty of room to relax or entertain while enjoying peaceful golf course views. Step outside to the lovely paver patio, or enjoy the private front courtyard--an inviting space for grilling, additional entertaining or a potential hot tub. This wonderful home and location make it easy to embrace the Florida lifestyle and everything IRCC has to offer. Home to over 600 military veterans, Indian River Colony Club is a private 55+ country club community offering a unique blend of camaraderie, comfort, and care. Residents enjoy an extensive home maintenance program and access to exceptional amenities, including an 18-hole golf course, fine dining with an executive chef, the casual 19th Hole restaurant and bar, fitness center, heated pool, tennis, croquet, bocce ball, shuffleboard, and more. This pet-friendly, gated community boasts over 60 social and activity groups--making every day feel like a vacation.
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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 9, 2026 | Sold | ||
| Sold | |||
| Sep 16, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Listed by Four Star Real Estate LLC | $370,000 | |
| Listed by Four Star Real Estate LLC | |||
| May 22, 2018 | Sold | ||
| Sold | |||
| Mar 12, 2018 | Listed by Four Star Real Estate LLC | $170,000 | |
| Listed by Four Star Real Estate LLC | |||
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About Indian River Colony Club
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017