20 A Skimmer Cove Loop #24A
About This Property
Entering through the covered front porch, the home opens into the main living area where the kitchen, dining, and family room connect in an open layout with 10-foot ceilings and 8-foot interior doors throughout. The family room extends directly to the covered rear patio, creating a functional indoor-outdoor connection.
The kitchen includes upgraded cabinetry, Level 2 quartz countertops, plank flooring throughout the home, a walk-in pantry, ceramic tile backsplash, and a GE appliance package with built-in appliances and a 5-burner gas cooktop. Additional features include impact-rated windows, tankless water heater, gas grill rough-in, and craftsman-style trim with 5 ¾' baseboards throughout.
The owner's suite is positioned at the rear of the home and includes a large walk-in closet and an upgraded luxury shower with dual showerheads. Bedroom 2 is located near the front of the home with access to a full bath, while the additional powder bath adds flexibility for guests.
Each residence is separated by a structurally independent 2-hour fire separation wall for added privacy and sound separation.
Lawn maintenance is included, supporting a simplified lifestyle within close proximity to Watersound Town Center, Publix, dining, medical offices, Hwy 98, and the Watersound Origins amenities including Village Commons, trails, and the Origins Golf Course.
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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 18, 2026 | In contract | - | |
| In contract | |||
| May 19, 2026 | Listed by Watersound Real Estate | $566,525 | |
| Listed by Watersound Real Estate | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017