1875 SHERATON LAKES Circle
About This Property
Sheraton Lakes is an established neighborhood with a stable community feel and convenient access to Middleburg amenities. Residents enjoy the nearby 24,000-acre Jennings State Forest with hiking, horseback trails, fishing, and wildlife viewing. Local dining, shopping, and daily conveniences are close by, and Jacksonville's larger amenities remain within an easy drive, giving the area a great balance of quiet living and accessibility. *Some photos have been virtually staged*
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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 24, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Price Decreased |
$257,500
↓ $2K
(0.9%) | |
| Price Decreased | |||
| Dec 18, 2025 | Relisted | $259,900 | |
| Relisted | |||
| Dec 15, 2025 | In contract | - | |
| In contract | |||
Property Highlights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017