16 Cunningham LANE
About This Property
From the moment you arrive, you'll be captivated by the breathtaking views of the saltwater canal, inviting you to bring your boat and fully embrace the waterfront lifestyle. Whether you're enjoying your morning coffee or hosting a sunset gathering, the oversized lanai with a sparkling pool provides the perfect backdrop for outdoor living and entertaining.
Inside, the home exudes sophistication and style, with updated appliances and high tray ceilings adorned with crown molding, adding an extra touch of luxury to the space. The open floor plan creates a seamless flow between the living areas, perfect for both everyday living and special occasions.
Relax in the spacious master suite, complete with its own private bathroom and tranquil views of the water. Two additional bedrooms offer plenty of space for guests or family members, while the separate office provides a quiet retreat for work or hobbies.
Whether you're lounging by the pool, cruising along the canal, or simply enjoying the peaceful ambiance of waterfront living, this saltwater canal home offers the ultimate paradise retreat. Don't miss your chance to experience the epitome of coastal luxury – schedule a viewing today and prepare to be enchanted by this model-like oasis.
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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 |
|---|---|---|---|
| May 24, 2024 | Sold | ||
| Sold | |||
| Apr 12, 2024 | In contract | - | |
| In contract | |||
| Mar 12, 2024 | Listed by LIVIN PARADISE REALTY LLC | $929,000 | |
| Listed by LIVIN PARADISE REALTY LLC | |||
| Jul 2, 2022 | Price Decreased |
$929,900
↓ $20K
(2.1%) | |
| Price Decreased | |||
| May 26, 2022 | Price Increased |
$950,000
↑ $2K
(0.2%) | |
| Price Increased | |||
Property Highlights
Building Info
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Price/ft²
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About Palm Harbor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017