202 Suwannee Drive
About This Property
Step outside to the screened-in rear porch, where the setting becomes part of the experience. Overlooking a pond and natural surroundings, it is an inviting spot for morning coffee, evening drinks, or enjoying the quiet of the neighborhood. A two-car garage adds convenience and storage. As a resident of Watersound Origins, enjoy an exceptional collection of amenities including the community pool, fitness center, tennis and sports courts, walking and biking trails, golf privileges, fishing, and dock access to Lake Powell. Conveniently located near Watersound Town Center, you'll have shopping, dining, Publix, healthcare, and more just minutes away. A beautifully finished home in one of Inlet Beach's most desirable communities, 202 Suwannee Drive offers the ideal combination of comfort, convenience, and coastal lifestyle.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 21, 2026 | Price Decreased |
$659,000
↓ $15K
(2.2%) | |
| Price Decreased | |||
| Sep 3, 2026 | Price Decreased |
$674,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Aug 14, 2026 | Listed by Inlet Beach Real Estate | $679,000 | |
| Listed by Inlet Beach Real Estate | |||
| Jul 16, 2026 | Price Decreased |
$694,000
↓ $5K
(0.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017