246 ATLAS Drive
About This Property
The spacious kitchen is truly the heart of the home with abundant cabinetry, generous counter space, and an open layout perfect for entertaining. Throughout the home you'll find custom accent walls and stunning ceiling beam details that add warmth and character to multiple living spaces.
Upstairs features a dedicated home theater, creating the perfect space for movie nights, game days, or relaxing with family and friends.
Step outside to an incredible outdoor living area complete with extended pavers and an outdoor grill, offering the ideal setup for entertaining or enjoying Florida evenings.
Every detail of this home has been thoughtfully upgraded, making it a standout property in the highly desirable Shearwater community!
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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 20, 2026 | Price Decreased |
$784,900
↓ $15K
(1.9%) | |
| Price Decreased | |||
| May 6, 2026 | Price Decreased |
$799,900
↓ $25K
(3%) | |
| Price Decreased | |||
| Apr 16, 2026 | Price Decreased |
$825,000
↓ $24K
(2.8%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $848,900 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| May 30, 2023 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017