223 MARTIN DRIVE
About This Property
The split floor plan provides the perfect balance of privacy and open living. Tile flooring flows throughout the main living area, complemented by smooth drywall (no seams) for a clean, finished look. The primary suite feels like a private retreat, featuring a custom walk-in shower, thoughtfully designed built-in storage, and a widened doorway to the primary bedroom for added ease and accessibility.
This home truly stands out for its efficiency and peace of mind, with major updates already completed - including a new roof and A/C in 2023. Additional features include double-pane windows with a transferable warranty, a tankless water heater, permanent air filter, high-end water filtration system, newer septic drain field, and whole-house surge protection. These upgrades not only enhance comfort but also help keep long-term ownership costs low.
One of the most inviting spaces is the enclosed 10x17 screened room with waterproof flooring - perfect for morning coffee, evening relaxation, or entertaining friends year-round. Outside, you'll find exceptional storage and workspace with a double-wide carport, a 10x24 golf cart garage with electricity and overhead door, and a 12x30 workshop in the back with its own breaker box. A generator hookup adds yet another layer of convenience and preparedness.
Located in the desirable 55+ community of Martin Estates, a friendly resident-owned co-op, this home offers both affordability and long-term stability. As a resident stockholder, you'll enjoy approximately 60 years remaining on the 99-year land lease, along with an incredibly low monthly maintenance fee of just $46. Community amenities include a clubhouse, shuffleboard, and a neighborhood pool - the perfect setting for relaxed Florida living.
Well-built, thoughtfully upgraded, and truly move-in ready, this home is ideal for buyers seeking comfort, quality, and a smart long-term investment in a welcoming Florida community.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Apr 1, 2026 | Sold | ||
| Sold | |||
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Feb 15, 2026 | Price Decreased |
$169,000
↓ $10K
(5.6%) | |
| Price Decreased | |||
| Jan 9, 2026 | Price Decreased |
$179,000
↓ $1K
(0.6%) | |
| Price Decreased | |||
| Nov 12, 2025 | Listed by LIVE FLORIDA REALTY | $180,000 | |
| Listed by LIVE FLORIDA REALTY | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017