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2168 Driftwood Circle
About This Property
BRING YOUR SPORTFISH! Welcome to a true boater's paradise, featuring 95 linear feet of prime waterfront! Deep water dockage with no fixed bridges. The composite dock, built in 2020, is designed to accommodate a 60-foot sportfish and a 38-foot center console, complete with pre-set full electrical (220v) pedestal and with fresh water links.
This 5 bed 3.5 bath home also includes a dedicated boat garage for all your gear, a $250,000 newly heated pool/spa installed in 2018 that's built on pilings for added storm resilience, outdoor shower beautifully hand-painted mosaic tiles, providing hot and cold water and stainless fixtures that resist the salty air.
Recent upgrades feature a new cement tile roof installed in 2022, impact storm windows and doors throughout, and a gas generator. The updated kitchen and wet bar boast top-of-the-line appliances, with the option to tie into the gas line for added convenience. Perfect for entertaining family and friends. New AC units were installed in 2023, and the exterior has seen enhancements including fresh paint, Hardie plank siding, and metal shutters completed in 2020.
This home perfectly combines luxury, convenience, and security, making it an ideal choice for boating enthusiasts. Minutes from the best restaurants, golf courses, shopping and beaches. Just 20 minutes to PBI Airport and FBO.
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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%.
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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.
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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 8, 2025 | Sold | ||
| Sold | |||
| Mar 27, 2025 | In contract | - | |
| In contract | |||
| Mar 20, 2025 | Price Decreased |
$2,995,000
↓ $504K
(14.4%) | |
| Price Decreased | |||
| Jan 3, 2025 | Price Increased |
$3,499,000
↑ $504K
(16.8%) | |
| Price Increased | |||
| Oct 15, 2024 | Listed by The Keyes Company (Tequesta) | $2,995,000 | |
| Listed by The Keyes Company (Tequesta) | |||
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About Maheu
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017