1889 Seclusion DRIVE
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 |
|---|---|---|---|
| Jun 1, 2025 | Price Decreased |
$459,000
↓ $16K
(3.4%) | |
| Price Decreased | |||
| Apr 28, 2025 | Price Decreased |
$475,000
↓ $12K
(2.5%) | |
| Price Decreased | |||
| Feb 11, 2025 | Price Decreased |
$487,000
↓ $12K
(2.4%) | |
| Price Decreased | |||
| Sep 11, 2024 | Listed | $499,000 | |
| Listed | |||
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Newly Remodeled and with a brand new roof, this well maintained concrete block home will impress your guests and family. Located on a quiet enclave and within walking distance of the Restaurant and Country Club.
The newer custom Kitchen boasts luxury and quality: Cherrywood Cabinetry, Granite countertops & Tumbled Marble backsplash, complemented with a full suite of modern appliances, breakfast bar and a view of the backyard landscape. Large Family room features a brick wood-burning fireplace and sliding glass doors to the covered patio.
Master Bedroom with His and Hers walk-in closets, ensuite bathroom with dual vanities and granite tops
Both guest bedrooms are spacious and feature walk-in closets. Guest bath with dual vanities, granite tops and custom black wood cabinetry. All tile flooring, Automatic Irrigation System. A mixture of Skylights and Tunnels provide ample natural light.
Discreetly available for private showings. It presents a substantial opportunity to a savvy buyer looking for a top quality Spruce Creek Home at a fraction of its replacement cost.
The Spruce Creek Fly-in is the world's Most famous residential airpark. With a 4,000 ft lighted runway and a GPS approach, the private airport at the center of the community (7FL6) can accommodate anything from a Stearman to a Gulfstream. Originally a navy airfield during WWII, it evolved into the world's largest residential fly-in community. Today, almost 5,000 residents, 1,500 homes and 700 hangars share a unique life in this private gated village. Located just an hour from Orlando's attractions and a few minutes from the Atlantic ocean.
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| Aug 9, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017