151 WHEATFIELD Avenue
About This Property
in this 55+ gated community where part of your HOA dues includes taking care of most everything outside your home. Only in the Villas, your HOA dollars include lawn maintenance from mowing, weeding and fertilizing your lawn and shrubs to maintaining a schedule to pressure wash and/or paint your home exterior. Also included in the HOA annual fee is a sizable yearly allowance for food and beverages at the Cypress Cafe, a full-service restaurant and bar located in this gorgeous clubhouse. The FUN begins when you join the many classes and activities that the Canopy Club offers. Join resident clubs, like The Women's Club or the Travel Club. Challenge friends playing pool or pickleball. The Campus includes two swimming
pools, fitness center, bocci ball and indoor activity center. After all the fun and games, you can walk home to your Villa offering peaceful water and preserve views. Inside, $30,000+ in upgrades complement the 1501 sq. ft. 2/2 remodeled in 2024 with an additional flex room offering more space. So, if you ARE seeking both FREEDOM and FUN in an active adult community, you HAVE just arrived!
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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 |
|---|---|---|---|
| Aug 28, 2026 | Sold | ||
| Sold | |||
| Jul 25, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Relisted | $438,000 | |
| Relisted | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Price Decreased |
$450,000
↓ $20K
(4.2%) | |
| Price Decreased | |||
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About Nocatee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017