200 DRIFTWOOD LANE
About This Property
Inside, this home you'll find a galley style kitchen with wood cabinets and granite countertops and ample storage space. The spacious living room with a cozy fireplace is perfect for entertaining or relaxing after a long day. This 3 bedroom and 3.5 bathroom home offers 2 additional multi-use spaces allowing plenty of room for a growing family or guests. The 2nd floor master suite features, vaulted ceilings, a large balcony overlooking the waterway, a spacious bathroom, and a two large, walk-in closets. The existing layout with 3 bedrooms can be modified to create an additional bedroom or two without adding to the existing footprint of the home. This home also features a 2-car garage, pavered circular driveway, newer windows and electric hurricane shutters for added convenience and security. Located in the highly desirable Largo community of Harbor Bluffs, this home is just minutes from beaches, shopping, dining, and entertainment options. Don't miss your chance to own a piece of paradise on the Intracoastal Waterway. Schedule your showing today!
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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 |
|---|---|---|---|
| Dec 5, 2023 | Sold | ||
| Sold | |||
| Nov 13, 2023 | In contract | - | |
| In contract | |||
| Sep 28, 2023 | Price Decreased |
$1,990,000
↓ $210K
(9.6%) | |
| Price Decreased | |||
| Aug 25, 2023 | Price Decreased |
$2,200,000
↓ $50K
(2.2%) | |
| Price Decreased | |||
| Apr 3, 2023 | Listed by ENGEL & VOLKERS MADEIRA BEACH | $2,250,000 | |
| Listed by ENGEL & VOLKERS MADEIRA BEACH | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017