245 Redbud Lane
About This Property
Step inside this spacious 5-bedroom, 4.5-bathroom home and experience the effortless flow of open-concept living. The heart of the home features a bright, fully equipped kitchen with stainless steel appliances, a generous island with breakfast bar seating, and abundant storage - ideal for both everyday living and entertaining guests. The adjacent living and dining areas offer plenty of room for family gatherings and relaxed coastal living. Designed with both comfort and style in mind, the interior blends contemporary finishes with warm coastal charm. The primary suite provides a serene retreat with a luxurious ensuite, while additional bedrooms offer flexible sleeping arrangements and privacy for family or guests. A upstairs recreation room adds extra space for fun and relaxation with a shuffleboard table and media setup.
Outdoor living is effortless with multiple spaces to enjoy the temperate Gulf Coast climate including a covered deck with comfortable seating and outdoor TV, an upper balcony with breezy views, and a welcoming front porch that all set the tone for seaside living.
Situated in a community with a pool and just a short ride to pristine Gulf beaches, bike paths, dining, and shopping along Scenic Highway 30A, this property puts the best of coastal living right at your doorstep. With modern amenities, ample parking, and a golf cart included for neighborhood use, Serenity at Treetop represents a rare blend of comfort, convenience, and lifestyle on Florida's Emerald Coast.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Price Decreased |
$1,550,000
↓ $150K
(8.8%) | |
| Price Decreased | |||
| Jun 20, 2026 | Price Decreased |
$1,700,000
↓ $90K
(5%) | |
| Price Decreased | |||
| Jan 19, 2026 | Listed by World Impact Real Estate | $1,790,000 | |
| Listed by World Impact Real Estate | |||
| Dec 6, 2023 | No longer available | - | |
| No longer available | |||
| Sep 22, 2023 | Price Decreased |
$2,095,000
↓ $30K
(1.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017