13864 POSADA STREET
About This Property
The sunlit primary bedroom boasts a trayed ceiling and overlooks the serene lake, offering a spa-like ensuite bathroom with a walk-in closet ready for a custom organizer. The ensuite is generously sized, featuring a large double vanity and an upgraded frameless glass shower with tiled walls and decorative listella trim. Your guests will appreciate the privacy of their own bedroom and bathroom at the front of the home. The guest bathroom also includes the upgrade of a tiled wall with the same coordinating listella trim as the primary ensuite. The flex room is perfect for a home office, art studio, or music room, and many homeowners add a Murphy bed for extra accommodations.
Islandwalk is a resort-style, maintenance-free community where the association takes care of your lawn, shrubs, and mulching. Enjoy 5-star amenities, including two heated resort pools, a separate heated lap pool, two hot tubs, two fitness centers, twelve pickleball courts, Har-Tru tennis courts, bocce, fire pits, a dog park, a community garden, walking and biking paths, a clubhouse, a 24-hour staffed security gatehouse, and a full-time activities director. The monthly newsletter is packed with social events, so move in and let the fun begin!
Don't forget your sunglasses, as the white sandy beach is just nine miles away. For an afternoon of shopping or dining, hop on your bike or golf cart and head to the new Wellen Park Downtown, featuring an 80-acre lake with recreational activities for everyone.
HOA fees in Islandwalk are a great value and include lawn care, tree trimming, mulch, high-speed internet, basic cable with three DVR boxes, all the resort-style amenities, on-site management seven days a week, and a full-time Lifestyle Director.
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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 15, 2025 | Sold | ||
| Sold | |||
| Jun 3, 2025 | In contract | - | |
| In contract | |||
| May 26, 2025 | Price Decreased |
$380,000
↓ $14K
(3.6%) | |
| Price Decreased | |||
| Mar 9, 2025 | Price Decreased |
$394,000
↓ $6K
(1.5%) | |
| Price Decreased | |||
| Jan 26, 2025 | Listed by ENGEL & VOELKERS VENICE DOWNTOWN | $400,000 | |
| Listed by ENGEL & VOELKERS VENICE DOWNTOWN | |||
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About North Port
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017