2916 Shimmer Edge Drive
About This Property
The chef-inspired kitchen is designed to impress, boasting stainless steel appliances, Upgraded vent hood, quartz countertops, abundant cabinetry, and refrigerator included. The kitchen flows seamlessly into the spacious living and dining areas with luxury vinyl plank flooring, creating the perfect setting for both entertaining and everyday living.
Upstairs, you'll find a game room, generously sized secondary bedrooms, a luxurious primary suite featuring a spa-like ensuite bathroom with dual vanities and walk-in closet. The secondary bathroom also offers double sinks, providing added functionality for busy households. As a resident of Sunterra, you'll have access to incredible resort-style amenities, including the community's renowned crystal lagoon, lazy river, parks, trails, and more.
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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 |
|---|---|---|---|
| Nov 2, 2026 | Price Decreased |
$329,500
↓ $20K
(5.7%) | |
| Price Decreased | |||
| Jun 12, 2026 | Listed by RE/MAX Cinco Ranch | $349,500 | |
| Listed by RE/MAX Cinco Ranch | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017