3030 Binnacle Drive #103
About This Property
This updated residence checks the boxes buyers ask for. It features laminate flooring throughout with no carpet, stainless steel appliances, impact windows and sliders, and one of the biggest selling points in this price range, a private in unit washer and dryer. No hauling laundry down the hall or to a shared facility.
Step out to your screened lanai and enjoy a peaceful lake view rather than looking out at a street or parking lot. The first floor location adds convenience, and the water view creates a much more relaxing setting for both owners and seasonal renters.
The community offers a sparkling saltwater pool overlooking the lake, perfect for unwinding after the beach or enjoying a sunset close to home. As a resident of The Moorings, you also have the option to join the private Moorings Beach Park, an exclusive members only beachfront park located just about two miles away with affordable annual dues. Private beach access in this location is a major advantage.
For investors, rental flexibility allows 30 day minimum leases up to 12 times per year. Condo fees include water, sewer, cable, and WiFi, keeping ownership simple and predictable. The property is located in a high elevation FEMA X500 zone with no history of flooding from past storms.
Sellers are willing to offer the unit turnkey furnished, making it an easy move in or immediate rental opportunity. Lake view, in unit laundry, beach access, and close to downtown. That combination is hard to beat in The Moorings.
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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 15, 2026 | Sold | ||
| Sold | |||
| May 19, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Price Decreased |
$309,000
↓ $20K
(6.1%) | |
| Price Decreased | |||
| Mar 2, 2026 | Price Decreased |
$329,000
↓ $10K
(3%) | |
| Price Decreased | |||
| Jan 1, 2026 | Price Decreased |
$339,000
↓ $10K
(2.9%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/18/2025
|
2 Bed
|
2 Bath
|
1092 ft²
|
$425,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
Lynne Hancock
John R Wood Properties
| |
|
12/16/2025
|
2 Bed
|
2 Bath
|
1092 ft²
|
$299,900
2 Bed
2 Bath
1092 ft²
|
$260,000
-13.30%
03/16/2026
|
Wendy Paffel
Premiere Plus Realty Company
| |
|
11/05/2025
|
2 Bed
|
2 Bath
|
1092 ft²
|
$349,000
2 Bed
2 Bath
1092 ft²
|
$300,000
-14.04%
06/15/2026
|
Mike Shoaff
REMAX Blue Skies
| |
|
05/27/2025
|
2 Bed
|
2 Bath
|
1092 ft²
|
$499,000
2 Bed
2 Bath
1092 ft²
|
$490,000
-1.80%
10/22/2025
|
Daniel Avissato
John R Wood Properties
| |
|
03/09/2025
|
2 Bed
|
2 Bath
|
1092 ft²
|
$349,900
2 Bed
2 Bath
1092 ft²
|
-
-
|
Skye Leber, LLC
Epique Realty, INC
| |
|
07/17/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$432,900
2 Bed
2 Bath
1092 ft²
|
$315,000
-27.23%
04/21/2025
|
Heather Dameron
Anchor Realty of Naples Inc
| |
|
07/12/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$575,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
Daniel Avissato
John R Wood Properties
| |
|
05/24/2024
|
3 Bed
|
2 Bath
|
1310 ft²
|
$499,900
3 Bed
2 Bath
1310 ft²
|
$325,000
-34.99%
07/22/2025
|
Wendy Paffel
Premiere Plus Realty Company
| |
|
05/24/2024
|
2 Bed
|
2 Bath
|
1092 ft²
|
$395,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
Wendy Paffel
Premiere Plus Realty Company
| |
|
12/08/2023
|
2 Bed
|
2 Bath
|
1092 ft²
|
$539,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
Michael C Barnebee
Waterfront Realty Group Inc
| |
|
11/26/2023
|
2 Bed
|
2 Bath
|
1092 ft²
|
$675,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
Olena Avlas, LLC
Amerivest Realty
| |
|
07/27/2022
|
2 Bed
|
2 Bath
|
1092 ft²
|
$519,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
Daniel Avissato
Robert DeFalco Realty, Inc.
| |
|
04/06/2022
|
2 Bed
|
2 Bath
|
1092 ft²
|
$539,000
2 Bed
2 Bath
1092 ft²
|
$500,000
-7.24%
06/30/2022
|
Michael C Barnebee
Waterfront Realty Group Inc
| |
|
06/25/2021
|
2 Bed
|
2 Bath
|
1094 ft²
|
$409,900
2 Bed
2 Bath
1094 ft²
|
-
-
|
-
| |
|
04/25/2021
|
2 Bed
|
2 Bath
|
1092 ft²
|
$299,900
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
| |
|
01/29/2021
|
2 Bed
|
2 Bath
|
1092 ft²
|
$299,900
2 Bed
2 Bath
1092 ft²
|
$285,000
-4.97%
03/22/2021
|
Wendy M Paffel
| |
|
08/30/2020
|
2 Bed
|
2 Bath
|
1092 ft²
|
$359,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
| |
|
02/11/2020
|
2 Bed
|
2 Bath
|
1092 ft²
|
$295,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
| |
|
07/10/2019
|
2 Bed
|
2 Bath
|
1100 ft²
|
$280,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
-
| |
|
02/02/2019
|
2 Bed
|
2 Bath
|
1050 ft²
|
$345,000
2 Bed
2 Bath
1050 ft²
|
-
-
|
-
| |
|
11/01/2018
|
2 Bed
|
2 Bath
|
1092 ft²
|
$269,000
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
| |
|
01/20/2018
|
2 Bed
|
2 Bath
|
1092 ft²
|
-
2 Bed
2 Bath
1092 ft²
|
-
-
|
-
| |
|
02/25/2013
|
2 Bed
|
2 Bath
|
1092 ft²
|
$187,000
2 Bed
2 Bath
1092 ft²
|
$177,000
-5.35%
06/02/2013
|
Nandy Miller
John R. Wood Properties
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017