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273 Cape Sable Drive
About This Property
Brand NEW Vapor barrier, insulation and NEW skirting just completed on 4/22 for additional peace of mind.
The community offers low HOA fees and amenities including two pools and a clubhouse, providing opportunities for socializing and leisure. Ideally located just 7 miles from the Gulf's white sand beaches with convenient access to shopping, dining, and major roadways.
A great option for seasonal or year-round living, offering comfort, value, and a low-maintenance lifestyle.
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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 29, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Jun 10, 2026 | Price Decreased |
$189,500
↓ $10K
(4.9%) | |
| Price Decreased | |||
| Apr 15, 2026 | Relisted | $199,273 | |
| Relisted | |||
| Apr 7, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017