240 PINEHURST POINTE Drive
About This Property
The King and Bear amenities are available to residents of Royal Pines. The state-of-the art fitness center was completed in the fall of 2018. It's five thousand square feet under roof containing all the latest in work-out equipment. There's also a separate studio that accommodates an array of physical fitness classes. The Courtside Pavilion is a modernized gathering center ideal for large parties, events, and meetings. The Poolside Pavilion is more intimate, designed for smaller groups, and comes with a covered terrace ideal for outside socializing. Given its name, it sits adjacent to the community's two pools. One is zero-entry, the other is full-sized, perfect for laps. One is heated (in winter), both are fully lit and open into the night. Adjacent to the pools is an adventurous playground for the smaller ones in the family. Three lighted tennis courts and four lighted pickleball courts accommodate plenty of play. Within walking distance from the house (1.5 miles) is The Neighborhood Park at World Golf Village where there are grassed fields for soccer, football, and baseball, along with two pickleball courts and a dog park for the family pet.
The HOA fees of $617 per quarter include Royal Pines- $388, SJNW Residential- $200, SJNW Master- $29.
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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 5, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | In contract | - | |
| In contract | |||
| Jan 2, 2025 | Listed by COLDWELL BANKER VANGUARD REALTY | $1,150,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
| Jul 17, 2014 | Sold | ||
| Sold | |||
| Apr 13, 2014 | Listed by COLDWELL BANKER VANGUARD REALTY | $595,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017