1503 Captains Way
About This Property
Required golf membership purchase conveys all the first-class amenities of Admirals Cove including two spectacular clubhouses, 45 holes of golf, 5 restaurants, 58 slip marina with floating docks, Yacht Club, tennis courts, pickleball courts, state of the art fitness and wellness, 21,000 sq ft brand new spa & salon, Covesters kids club and Platinum service.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 14, 2022 | Sold | ||
| Sold | |||
| May 19, 2022 | Listed by Illustrated Properties LLC (Jupiter) | $1,950,000 | |
| Listed by Illustrated Properties LLC (Jupiter) | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/28/2026
| |
3 Bed
|
2 Bath
|
2365 ft²
|
$2,900,000
3 Bed
2 Bath
2365 ft²
|
$2,750,000
-5.17%
07/13/2026
|
Allan Meyerson
Admirals Cove Realty Co Inc
|
|
05/19/2022
| |
2 Bed
|
2 Bath
|
2470 ft²
|
$1,950,000
2 Bed
2 Bath
2470 ft²
|
$1,800,000
-7.69%
09/14/2022
|
Andrew W Russo
Illustrated Properties LLC (Jupiter)
|
Building Info
About Admiral's Cove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017