2035 Crystal Lake Drive
About This Property
Travertine flooring flows throughout the common areas, complemented by newly installed luxury vinyl plank in the bedrooms. The expansive kitchen is designed for both function and style, featuring custom soft-close cabinetry, a professional-grade KitchenAid appliance suite, Sharp microwave drawer, a pro-style gas range and stunning Oceanside glass tile backsplash. Windows flanking the range bring in natural light, while a well-appointed island with a beverage fridge and prep sink enhances the space for entertaining. A bright and airy living area leads seamlessly to the screened back porch, complete with updated electrical and cable for outdoor relaxation.
The primary suite is a private retreat with designer drapery and wallpaper, solar shades and a newly renovated spa-inspired bathroom featuring a Kohler whirlpool tub, frameless glass shower and custom vanities. Two additional guest bedrooms and bathrooms have been completely transformed with new tile surrounds, high-end fixtures and designer finishes.
No detail has been overlooked, with recent improvements including a whole-house generator, upgraded electrical panel, new insulation, new ceiling fans, a tankless water heater, and premium lighting and hardware throughout. The laundry room was refreshed with new cabinetry, designer wallpaper and LED light fixtures. Outside, fresh exterior paint, new front decking, new fans with LED lighting on the rear porch and updated landscaping complete the home's polished aesthetic.
Residents of Crystal Lake enjoy access to an array of resort-style amenities, including multiple pools, private beach access, championship golf courses, tennis and pickleball courts, a full-service marina, and miles of walking and biking trails. The Sandestin lifestyle offers everything from world-class dining and shopping at Grand Boulevard to golf cart access to the hospital, making this home an unmatched option for those seeking both luxury and convenience in a vibrant, gated community.
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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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Mar 26, 2025 | In contract | - | |
| In contract | |||
| Mar 13, 2025 | Listed by Scenic Sotheby's International Realty | $1,150,000 | |
| Listed by Scenic Sotheby's International Realty | |||
| Mar 28, 2023 | Sold | ||
| Sold | |||
| Mar 11, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017