277 Pine Needle Way
About This Property
Thoughtfully designed with two main-level bedrooms, a cozy reading nook, an upstairs loft, and two additional en-suite bedrooms. This home is fully furnished and turnkey, offering immediate access to all the best of WaterColor--including 9 community pools and a private beach club.
The oversized lot also offers ample space to add a garage with a carriage house and private pool, providing even more flexibility and long-term value in this premier location.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 14, 2026 | Sold | ||
| Sold | |||
| Jul 4, 2026 | In contract | - | |
| In contract | |||
| Apr 12, 2026 | Price Decreased |
$2,850,000
↓ $45K
(1.6%) | |
| Price Decreased | |||
| Feb 22, 2026 | Price Decreased |
$2,895,000
↓ $105K
(3.5%) | |
| Price Decreased | |||
| Dec 15, 2025 | Listed by EXP Realty LLC | $3,000,000 | |
| Listed by EXP Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017