241 COMPASS ROSE Drive
About This Property
When you walk in the front door your eyes will be drawn to the huge sliders with natural light leading out to the beautiful screened in lanai with a waterview. This two bedroom home also has an office with double glass French doors. The kitchen has been well outfitted with all Stainless appliances, quartz counter tops, upgraded cabinetry, under the counter lighting, and all soft close drawers and cabinets. Not to mention this is a gas community, stove and water heater are natural gas. The owners bathroom has quartz countertops, a huge frameless walk in shower, large walk in closet, and all of the drawers and cabinets are soft close.
Margaritaville! get Live Music 365 days a year with 3 Pools, Private Beach Club with a Shuttle, 10 Pickleball Courts, 5 Tennis Courts, 5 Bocce Ball Courts, Theater, Bar , Restaurant, Band Shell, Fitness Center, and a Pet Spa for an HOA of $281.43 per month?
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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 |
|---|---|---|---|
| Jun 18, 2024 | No longer available | - | |
| No longer available | |||
| Apr 19, 2024 | Listed by Bob Hodges and Sons Realty | $699,900 | |
| Listed by Bob Hodges and Sons Realty | |||
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Absolutely Spectacular Coconut with Mediterranean Style POOL (brand new in 2023, a $130,000 upgrade)! This beautiful home boasts 2 Bedrooms and 2 Bathrooms, a Den with glass double doors, a great room, breakfast room and kitchen. Feel the elegance when you walk through the front door! Custom painted walls and trim set this home apart from the others. The extra large screened lanai features a custom built pool with a waterfall and two lion head water features on either side of it. Pool is heated and has custom lighting to set the mood. If you want to have more fun you can enjoy the community's spectacular Paradise Pool or Beach Club with a pool on the Ocean in Ormond Beach! We have a full service bar and restaurant on site as well as a fitness center and pickleball. Call today! The manager has listed the unit size as 1684 square feet.
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| Sep 8, 2022 | Sold | ||
| Sold | |||
| Jul 14, 2022 | Listed by ENDLESS SUMMER REALTY | $565,000 | |
| Listed by ENDLESS SUMMER REALTY | |||
| Sep 22, 2020 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017