190 Sand Key Estates DRIVE
About This Property
Rarely available, this 4-bedroom, 3.5-bathroom home presents an open and airy floor plan that welcomes an abundance of natural light. The spacious great room, adorned with high ceilings, a gas fireplace, and a built-in bar area, seamlessly connects to the outdoors through triple sliding glass doors leading to a covered patio and the expansive pool area. With the great room, dining room, and open kitchen area, this residence is designed for entertaining, offering stunning water views at every turn.
The renovated kitchen is a chef's dream, featuring solid cherry wood cabinetry, granite countertops, double ovens, a breakfast bar, and an island for added convenience. The entire home is equipped with hurricane-rated impact windows or new hurricane shutters, ensuring peace of mind during stormy weather.
For boating enthusiasts, the 30-foot dock is a true gem, complete with water and electricity connections, as well as two lifts. This property provides deep, protected water access with no fixed bridges, making it easy to reach the Gulf of Mexico for all your nautical adventures.
The Moorings of Sand Key, an exclusive community, is the sole enclave of single-family homes on Sand Key. It offers 24-hour gated security and the convenience of being within walking distance to the beach. Moreover, the homeowners' association takes care of yard maintenance, allowing you to fully indulge in the activities you love while savoring the ultimate coastal Florida lifestyle.
All furnishings, boat and jet skis are optional to make this a turn-key Florida home.
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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 25, 2024 | Sold | ||
| Sold | |||
| Mar 22, 2024 | In contract | - | |
| In contract | |||
| Jan 27, 2024 | No longer available | - | |
| No longer available | |||
| Oct 18, 2023 | Price Decreased |
$1,849,000
↓ $141K
(7.1%) | |
| Price Decreased | |||
| Aug 26, 2023 | Price Decreased |
$1,990,000
↓ $160K
(7.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017