2484 Colony Drive
About This Property
This stunning, block home, fully remodeled home in the desirable Eau Gallie neighborhood is now available. The property was updated top to bottom, offering a modern and comfortable living experience. With no HOA fees, in a well established neighborhood.
The open-concept design features beautiful wood-look tile flooring, creating a seamless flow throughout the whole house, updated kitchen and bathrooms. The kitchen boasts new white cabinetry, sleek gray countertops, and a chic backsplash, making it both functional and aesthetically pleasing.
New roof,AC ductwork, electrical panel and wiring all replaced in August 2023.
Home also has PVC plumbing and a great outside patio that is great for entertaining.
NO HOA, LOW INSURANCE
Move-in ready and perfectly positioned, this home offers the ideal blend of modern amenities, location, and value.
Only 7 minutes from the beach and a few minutes from Downtown Art District, restaurants and shopping.
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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 |
|---|---|---|---|
| Feb 12, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Price Decreased |
$315,000
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Nov 14, 2024 | Price Decreased |
$325,000
↓ $3K
(0.9%) | |
| Price Decreased | |||
| Oct 8, 2024 | Price Decreased |
$328,000
↓ $4K
(1.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017