214 Sand Key Estates DRIVE
About This Property
Every aspect of this beautiful abode has been perfected, from the installation of new hurricane impact windows and doors to the inclusion of top-tier solid wood cabinetry, elegantly veined quartzite counter-tops, and premium engineered hardwood flooring. The addition of a wet bar, complete with a wine cooler, enhances the entertainment possibilities. The heart of the home, the kitchen, showcases an architectural series of KitchenAid stainless steel appliances and is accentuated by designer backsplash and intricate tile work. Furthermore, the travertine pool deck and pool have been artfully rejuvenated, inviting relaxation and enjoyment in style.
This 4-bedroom, 4-bathroom residence offers a spacious, airy open floor plan with soaring ceilings, ensuring a welcoming and comfortable living environment. It is thoughtfully designed for immediate occupancy, making it the ideal canvas for you to imprint your personal style.
The property also features a boat dock with two deep-water slips, granting you easy access to the Gulf of Mexico without the hindrance of fixed bridges. Nestled within the exclusive community of The Moorings of Sand Key, this is the sole enclave of single-family homes on Sand Key. Here, exclusivity reigns, accompanied by the assurance of 24-hour gated security and the convenience of yard maintenance. Moreover, you'll find yourself within strolling distance to the beach, making this residence a true gem on the waterfront.
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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 |
|---|---|---|---|
| Mar 1, 2024 | Sold | ||
| Sold | |||
| Dec 5, 2023 | In contract | - | |
| In contract | |||
| Nov 22, 2023 | Price Decreased |
$1,900,000
↓ $285K
(13%) | |
| Price Decreased | |||
| Jan 31, 2023 | Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | $2,185,000 | |
| Listed by COASTAL PROPERTIES GROUP INTERNATIONAL | |||
| Jan 20, 1995 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017