3 FLAGSHIP DRIVE
About This Property
As you arrive, you'll be greeted by a classic tile roof, paver driveway, and elegant French doors leading into a foyer with inlay tile accents. The private den with hardwood floors sits just off the entry, while the open-concept living area unfolds in front of you - bathed in natural light from expansive windows and sliding glass doors. Soaring tray ceilings with crown molding and a seamless flow to the gourmet kitchen set the tone for refined living.
The kitchen is a chef's delight, featuring a large island, granite countertops, tile backsplash, stainless steel appliances, wine refrigerator, built-in oven, and custom cabinetry. A breakfast nook with plantation shutters and a separate workspace add both charm and functionality.
The main-floor primary suite is a serene retreat, complete with plush carpet, patio access, and a spa-like bath offering a soaking tub, floor-to-ceiling tiled walk-in shower, dual vanities, and a spacious walk-in closet.
Upstairs, hardwood stairs lead to a bright loft-style living area with a dry bar, two additional exceptionally large bedrooms, a full bath with dual vanities, and a private balcony with sweeping views of the lake, fairway, and ocean breezes.
Outdoor living shines with a screened-in pool and spa, surrounded by ample patio space for entertaining or relaxation, all set against a backdrop of lush golf course greens and tranquil water views. This home also features a 2025 pool heater, a buried propane tank, and a whole-house generator, ensuring year-round comfort, efficiency, and peace of mind.
Located within Ocean Hammock, a popular gated community just moments from the pristine coastline, this property offers the perfect balance of comfort, privacy, and resort-style living. Whether you're an avid golfer, a beach lover, or simply seeking a peaceful retreat, this home delivers it all.
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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 |
|---|---|---|---|
| Feb 20, 2026 | Sold | ||
| Sold | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Jan 6, 2026 | Price Decreased |
$989,000
↓ $10K
(1%) | |
| Price Decreased | |||
| Sep 26, 2025 | Listed by TRADEMARK REALTY GROUP LLC | $999,000 | |
| Listed by TRADEMARK REALTY GROUP LLC | |||
| Mar 26, 2025 | Price Decreased |
$1,000,000
↓ $50K
(4.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017