1985 Windward Drive
About This Property
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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%.
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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 25, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 8, 2026 | Listed by Compass Florida, LLC | $1,099,000 | |
| Listed by Compass Florida, LLC | |||
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Welcome to Bel-Air — a coveted gated beachside community perfectly nestled between the Atlantic Ocean and the Intracoastal Waterway. This beautifully remodeled 3-bedroom, 2-bathroom home offers 1,952 SF of air-conditioned living on a generous 7,877 SF lot, and every improvement was completed with permits for total peace of mind. Step inside and discover a thoughtfully updated interior featuring a stunning remodeled kitchen with new stainless steel appliances that opens directly to the family room — both overlooking the sparkling pool and oversized backyard. Ideal for entertaining or keeping an easy eye on little ones at play. The stacked bedroom layout offers smart flexibility, while updated bathrooms, PEX plumbing, and impact windows and doors provide modern comfort and storm confidence.
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| Nov 21, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Listed | $1,099,000 | |
| Listed | |||
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Amazing Beachside Opportunity! Nestled in a family-friendly, walkable beachside community, this beautifully updated home offers both comfort and style. Featuring modern upgrades, including PEX pipes, high-impact windows and doors, and remodeled kitchen and bathrooms—all completed with proper permits—this property is move-in ready. The backyard is a true entertainer's dream with a sparkling pool and plenty of space to create unforgettable memories with family and friends. The property is close to shopping ,restaurants and everything you need.The property is VACANT and ready to show. Don’t miss this rare opportunity—it won’t last long!
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About Lauderdale-by-the-Sea
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017