279 Tournament Lane
About This Property
And as an added bonus, this property is located in FEMA Flood Zone X--no flood insurance required. If you've been waiting for the right home in Windswept Estates, this is one you don't want to miss.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Mar 22, 2026 | Listed by Real Broker LLC | $620,000 | |
| Listed by Real Broker LLC | |||
| May 8, 2025 | Price Decreased |
$620,000
↓ $35K
(5.3%) | |
| Price Decreased | |||
| Mar 6, 2025 | Listed | $655,000 | |
| Listed | |||
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$20,000 Seller Credit at Closing! Use it for a rate buy-down, closing costs, or however you choose! Don't miss this incredible opportunity to own a stunning home in the gated community of Windswept Estates. Situated on 0.81 acres, this beauty features a large open floor plan with soaring 12-ft ceilings, crown molding, and an abundance of natural light. The gourmet kitchen is designed to impress, offering stainless steel appliances, granite countertops, and plenty of prep space for effortless entertaining. The master suite is a true retreat with an extra sitting area, perfect for a home office or cozy reading nook. A spacious laundry room adds extra convenience. Property is located in a FEMA Flood Zone X - no flood insurance required. Located in one of Freeport's most desirable gated communities, this home provides both privacy and easy access to shopping dining, and the beaches of 30A. With $20,000 in seller concessions, this is a deal you don't want to miss! Schedule your showing today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017