131 COMANCHE CIRCLE
About This Property
Experience beach life in a quiet setting on Warwick Cove on the Indian River, where you can enjoy what is arguably the best view in the neighborhood, offering stunning sunrises to the east and sunsets to the west from your front deck every day. This property provides the easiest access to your boat slip of any home in the neighborhood. Truly a fisherman's dream location with direct access from the Indian River to the Indian River Bay and inlet, and the Atlantic Ocean. Watch boaters, kayakers, and canoers on the Indian River from your deck.
Important note on sewer connection: Warwick Park is part of Phase II of an approved public sewer expansion. One time connection fee is waived, with an annual service fee of $330. Buyer responsible for due diligence.
This charming home features 3 bedrooms and 2 full bathrooms, with freshly painted walls, new carpet, and hardwood flooring. Functional spaces include a sunroom, a deck, a yard shed, and an attached one-car garage with a storage shed or workshop.
Recent updates provide peace of mind: a new roof was installed in October 2024, a new hot water heater in 2024, and windows were replaced in September 2022. Other improvements include Leaf Guard on the gutters (May 2023), a replaced kitchen floor (2021), a new oven (April 2020), and new air conditioning (2012). Water testing passed in 2018.
Located in Warwick Park, a private waterfront community of fewer than 200 homes, the low annual HOA fee is just $275 per year. The HOA includes Common Area Maintenance, Pier/Dock Maintenance, Snow Removal, Boat Dock/Slip, Boat Ramp, Common grounds, fencing, and pier/dock/water/river privileges.
Enjoy 4.5 acres of private Bayfront amenities, including a gazebo, a pavilion, picnic areas, crabbing piers, a boat launch, and floating docks with seasonal slip rentals (currently $525). The community pavilion is directly across the street from the home, perfect for family gatherings. The home is also close to local restaurants, shopping, and the Delaware beaches.
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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 |
|---|---|---|---|
| Jul 29, 2026 | Sold | ||
| Sold | |||
| Jun 26, 2026 | In contract | - | |
| In contract | |||
| Jun 2, 2026 | Relisted | $425,000 | |
| Relisted | |||
| Apr 21, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by Keller Williams Realty | $425,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017