1609 SAFFOLD PARK DRIVE
About This Property
The charming cottage has lovingly maintained its original character and offers a rare opportunity to enjoy the laid-back lifestyle of Old Florida. Mature oak trees provide shade and beauty, while the expansive grounds offer plenty of room to spread out, entertain, park an RV, or accommodate a large boat.
Step outside and let the river become your backyard. Spend your days boating, fishing, relaxing on the docks, or simply taking in the ever-changing waterfront views. As evening arrives, watch manatees and playful porpoises make their way through the river while the sun sets over the beautiful mangrove vista, painting the sky in unforgettable colors.
A truly special waterfront retreat-where the charm of a classic Florida cottage meets the beauty and adventure of direct riverfront living.
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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 20, 2026 | Listed by THE KEYES COMPANY - SARASOTA | $399,900 | |
| Listed by THE KEYES COMPANY - SARASOTA | |||
| Feb 17, 2014 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017