29020 Olympia Way
About This Property
2 Bed | 2 Bath | 55+ Community
Charming home with great bones in need of TLC. Spacious layout, nice lot, and located in a resort-style 55+ community featuring clubhouse, pools, spa, golf, tennis & pickleball. HOA: Only $35/month, Delivered VACANT, Buyer to assume solar lease ($95/month)
Don't miss this light fixer with strong upside potential!
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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%.
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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 |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Sundae Homes | $319,900 | |
| Listed by Sundae Homes | |||
| Jul 9, 2017 | Listed | $269,900 | |
| Listed | |||
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Beautiful 2 bedroom, 2 bath turnkey home with tons of upgrades. Dual paned windows, plantation shutters & ceiling fans throughout. With crown molding in many rooms. Newer front door w/leaded glass. Formal living & dining area with neutral paint & nice carpet. The rest of the home has wood laminate flooring & tile floors in the bathrooms. Kitchen w/granite counters, tile & basket weave back splash, breakfast bar & possible breakfast nook & an additional dining room with tons of cabinets & desk area. Kitchen also has a pass through window to the 15X12 family room that was formerly a lanai that has been expanded, converted, dry walled, w/dual paned windows, crown molding & has heating & AC. Off the kitchen there is an expanded laundry room, approx. 12X12 w/sink, lots of cabinets, heat & AC, currently is being used as a man cave/sports room, but would be great craft room. Upgraded bathrooms with newer vanities, lighting & faucets. Nice back yard w/covered patio, 12X12 shed & lots of room for entertaining. 2 car attached garage with fan to exterior to keep the garage cool. Square footage for family room is not included in the listing square footage.The manager has listed the unit size as 1460 square feet.
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About Sun City
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017