2254 Edgewater Drive
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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 |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Nov 11, 2024 | In contract | - | |
| In contract | |||
| Sep 25, 2024 | Listed by Brown Harris Stevens of PB | $799,000 | |
| Listed by Brown Harris Stevens of PB | |||
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Waterfront property, private dock, with access to the chain of lakes. Newly installed electric close to the dock for a boat lift. This beautifully renovated 2-bedroom, 2-bathroom home offers a tile roof (2016), full impact windows and doors. New Miami Dade impact rated garage door. Designer finishes include French oak hardwood floors, wallcoverings from Phillip Jeffries, Thibaut, Cole and Son, walk-in closet, fully renovated bathrooms featuring a large Kohler soaking tub. The fully renovated kitchen is a chef's delight, showcasing new wood cabinetry with a spacious bar peninsula and custom island and new quartz countertops. In addition, there is a custom butler's pantry and laundry. New copper plumbing and electrical throughout, new attic insulation, new ceiling fans throughout. The lush private oasis backyard is an entertainer's paradise. The covered porch has brand new electric Storm Smart Kevlar screens that protect your outdoor furniture with the click of a button for storms or "lock and leave". Fully renovated saltwater pool with pebble-tec interior and heater chiller for year round pool use. All pool equipment and systems are new. Property is fully privacy fenced. New paver driveway, walkways, and pool deck. Exterior updates include landscape lighting of the entire property, new gutters, new storage. The sprinkler irrigation system is fed by the canal. Home is on city water system for everything, (no septic) County taxes, no city taxes. This home is a perfect blend of sophistication and serene outdoor living, ready to welcome you to a lifestyle of relaxation and enjoyment.
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| Feb 2, 2018 | Sold | ||
| Sold | |||
| Dec 21, 2017 | Listed by Engel & Volkers Palm Beach | $369,000 | |
| Listed by Engel & Volkers Palm Beach | |||
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About Edgewater Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017