15618 Phillips ROAD
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 |
|---|---|---|---|
| Mar 28, 2025 | Price Decreased |
$1,150,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Feb 25, 2025 | Listed | $1,200,000 | |
| Listed | |||
| | |||
|
BACK ON THE MARKET! Don’t miss out on this incredible opportunity to own a true Florida Oasis at a reduced price! Located in the heart of
Odessa, this extraordinary custom-built home offers everything you could dream of and more! Enjoy the peace of mind knowing that the home is NOT IN A Flood Zone and has withstood both recent hurricanes without a scratch. With NO HOA, NO CDD fees, and NO restrictions, this is the perfect blend of privacy, luxury, and convenience. Recent updates include a NEW ROOF, NEW AIR CONDITIONERS, and a NEW WATER HEATER —making this home practically new! To top it off, the POOL TABLE is included as a gift for the new owner(s). Sitting on a 1-acre lot surrounded by nature, this stunning 4-bedroom, 2.5-bath home boasts a spacious open floor plan with beautiful ceramic tile throughout, unique designs, and soaring 12-16 ft ceilings. The gourmet kitchen is an entertainer's dream with soft-closing wood cabinets, a large island, granite countertops, stainless steel appliances, and LED lighting — perfect for preparing meals in style. There’s plenty of storage with an abundance of cabinets and a 3-car garage equipped with 240-volt plugs for electric vehicles. The master suite is a true retreat, featuring a huge bedroom, 2 walk-in closets, and an ensuite bath with a 2-person shower, double sinks, granite countertops, and a private toilet. Each of the other spacious bedrooms can easily accommodate large furniture without feeling cramped. Step outside to your own private resort-style backyard paradise. The 33,000-gallon saltwater pool is one of the largest in the area, considered the best pool around, and perfect for diving with its 7-foot depth. The pool area begins with a shallow, low-entry area, ideal for the little ones and pets, and expands into a spacious swimming area, complete with beach entry, 2 sun decks, 3 waterfalls, and a fountain. Surrounded by over 2,000 sq. ft. of travertine decking, the outdoor space also features a dance floor, a gazebo, a fire pit, and a complete outdoor kitchen with granite countertops, a bar, and a grill and mini-fridge, making it ready for family parties and gatherings. For added enjoyment, a beautiful man-made pond adds serenity and charm to this breathtaking property. This home is priced to sell and offers unmatched value with all its luxury features and thoughtful details. Schedule your private showing today and experience this beautiful oasis firsthand before it’s gone.
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| Jan 25, 2022 | Sold | ||
| Sold | |||
| Nov 23, 2021 | Listed by GUILLOT REALTY LLC. | $950,000 | |
| Listed by GUILLOT REALTY LLC. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017