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1491 Lago Mar Drive
About This Property
This community offers a resort style club house w a workout room, tennis court, pool, and spa. Enjoy walking/running the neighborhood in this gated community which is conveniently located near major roads, medical facilities, beaches, shopping centers, restaurants, golf courses & nearby nature trails.
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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 |
|---|---|---|---|
| Jun 6, 2024 | Sold | ||
| Sold | |||
| May 12, 2024 | In contract | - | |
| In contract | |||
| Apr 13, 2024 | Listed by RE/MAX Aerospace Realty | $415,000 | |
| Listed by RE/MAX Aerospace Realty | |||
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With impeccable attention to detail these owners have transformed this ''move-in ready'' residence located in the coveted Grand Isle; a 55+ gated community offering the perfect balance between privacy & an active, close-knit community! The floor-plan showcases high ceilings, abundant natural light & seamless flow from living space to the private porch. The kitchen boasts wood cabinets, solid surface countertops & new high-end appliances. The owner's suite features an updated ensuite & spacious walk-in closet. Additional highlights include tile & beautiful wood-look flooring, 2020 impact windows, 2024 HVAC & water heater, 2018 roof, 2021 solar panels (minimal electric bills!), new faucets, lighting, fans, plantation shutters & fresh interior/exterior paint. Residents enjoy clubhouse amenities such as heated pool, hot tub, pickleball, bocce, gym, social events & more. HOA covers lawn maintenance & exterior paint. Conveniently located near great shops, dining, quality medical facilities!
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| Feb 16, 2023 | Sold | ||
| Sold | |||
| Nov 7, 2022 | Listed by Tezel Investments, Inc. | $399,900 | |
| Listed by Tezel Investments, Inc. | |||
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About Grand Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017