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256 Bay Circle Drive
About This Property
Discover the Elliott floor plan, a spacious two-story home designed for modern living, flexible entertaining, and everyday comfort. This beautifully appointed 5-bedroom, 4-bathroom home offers a thoughtful layout with the primary bedroom conveniently located on the main level, creating a private retreat with easy access to the heart of the home.
Expansive windows fill the living spaces with natural light, enhancing the open, airy feel throughout the home. At the front of the home, just off the entry, an additional flex room provides the perfect space for a home office, formal dining room, study, or sitting area. The kitchen and bathrooms showcase elevated finishes, including quartz countertops, tile backsplash, matte black plumbing hardware, and durable EVP flooring throughout, for a cohesive look.
Upstairs, four guest bedrooms provide comfortable accommodations for family or visitors, while a dedicated media room offers an ideal space for movie nights, gaming, or relaxing. The second-level landing overlooks the living room.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Listed by DR Horton Realty of Emerald Coast LLC | $969,900 | |
| Listed by DR Horton Realty of Emerald Coast LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017