1618 HUNTER CREEK DRIVE
About This Property
Your place in the sun, found!! Situated on a 7500 square foot waterfront lot is the location of this 1991-built double-wide Palm Harbor home ON YOUR OWN LAND. Being sold turn-key furnished, this home consists of a great room plan with a spacious kitchen, two bedrooms, two baths and an indoor utility room. It sports a new roof (2023), a 140 square-foot front lanai, a two-car carport with a 12x10 foot attached storage shed, and rolldown window storm protection on almost all of the windows. The home's vintage furnishings convey without value. With just over 50 homesites, many of which are waterfront, the 55+ community of River's Edge enjoys underground public utilities, including water, sewer, electric and cable. The LOW MONTHLY ASSOCIATION FEES ($100 per month) include yard care, a community recreation center and pool and many organized activities. From this location, you are three miles from shopping, eight miles from Interstate 75 (exit 164), and just 10 miles from historic downtown Punta Gorda. **See it now by viewing the associated 3D walkthrough tour; this may be the opportunity you're looking for!
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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 |
|---|---|---|---|
| Jun 18, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Apr 22, 2025 | Price Decreased |
$129,000
↓ $20K
(13.4%) | |
| Price Decreased | |||
| Feb 12, 2025 | Price Decreased |
$149,000
↓ $15K
(9.2%) | |
| Price Decreased | |||
| Jan 23, 2025 | Price Decreased |
$164,000
↓ $10K
(5.8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017