2546 TOM MORRIS DRIVE
About This Property
Laurel Oak is an expansive community, encompassing 813 lushly fenced acres and featuring 405 beautifully crafted homes. 45,000 sqaure foot club house, multiple tennis courts and amazing golf courses. This serene neighborhood is designed with convenience and leisure in mind, offering miles of double-wide 8-foot sidewalks that wind gracefully through the landscape, perfect for walking, jogging, or cycling. Residents benefit from the peace of mind provided by a 24/7 guard-gated entry, ensuring a well-managed and secure environment. While Laurel Oak Country Club memberships are optional, they present a wonderful opportunity to access exclusive amenities and community events, further enhancing the vibrant lifestyle that residents enjoy. This community is ideal for those seeking a harmonious blend of privacy, security, and social engagement, set against the backdrop of meticulously maintained surroundings.
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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 |
|---|---|---|---|
| May 8, 2025 | Sold | ||
| Sold | |||
| Mar 18, 2025 | In contract | - | |
| In contract | |||
| Mar 3, 2025 | Listed by COMPASS FLORIDA LLC | $2,195,000 | |
| Listed by COMPASS FLORIDA LLC | |||
| Oct 10, 2022 | Sold | ||
| Sold | |||
| May 6, 2022 | Listed by COMPASS FLORIDA LLC | $1,895,000 | |
| Listed by COMPASS FLORIDA LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017