1488 SE Colony Way
About This Property
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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, 2026 | Sold | ||
| Sold | |||
| Sep 28, 2026 | In contract | - | |
| In contract | |||
| Jun 15, 2026 | Listed by RE/MAX Select Group | $1,095,000 | |
| Listed by RE/MAX Select Group | |||
| Feb 8, 2025 | Price Decreased |
$1,450,000
↓ $40K
(2.7%) | |
| Price Decreased | |||
| Aug 8, 2024 | Listed | $1,490,000 | |
| Listed | |||
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This South Florida retreat is a perfect seasonal or primary home. MOVE-IN READY! Gorgeous chef's kitchen features a professional 8-burner gas range, plenty of space to work, expansive Quartz island, pull-out drawers, mixer-lift, wine cooler, etc. Remodeled baths done in-style w/neutral colors & RH vanities. Split floor plan w/French doors leading to the pool + spa from living area, kitchen, + primary bed. Resort-style, salt chlorinated pool is private + fully screened w/large deck + cabana bath. New Marquis Spa w/all the bells & whistles. Enjoy serene views of the Pete Dye Preserve throughout. **MECH UPGRADES** WHOLE-HOUSE RO H20 SYSTEM(2019), 500 GAL PROPANE TANK(2017), IMPACT GLASS DOORS/SOME WINDOWS, FULL STORM PROTECTION, H20 HEATER(2022) NEW WELL(2024) AC 5 TON (2018).
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017