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207 Ivory Drive
About This Property
8 Ft cast bronze dolphin statue presiding over the solar heated pool, hot tub all in screened lanai overlooking the dry meadow and fenced private back yard. A few of the many special features of the home are double braced roof gables along with Armor Screen for patio (see document) as well as storm shutters for hurricane protection, vaulted ceilings and lots of space for entertaining both inside and outside. Pool area offers a dedicated half bath and storage/dressing room. This home is just steps away from the private beach access as well as a short walk to the community fishing pier. All this and so much more in the low HOA community living.
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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 |
|---|---|---|---|
| Jun 22, 2023 | Sold | ||
| Sold | |||
| May 23, 2023 | No longer available | - | |
| No longer available | |||
| May 6, 2023 | Listed by Coldwell Banker Paradise | $869,000 | |
| Listed by Coldwell Banker Paradise | |||
| Mar 30, 2018 | Sold | ||
| Sold | |||
| Feb 5, 2018 | Listed by Coldwell Banker Paradise | $535,000 | |
| Listed by Coldwell Banker Paradise | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017