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3111 Hamblin Way
About This Property
Upstairs, the expansive primary suite is a true retreat, featuring a sitting area, private balcony overlooking the water, and a luxurious ensuite bath with a soaking tub, dual vanities, and dual toilets. Outdoor living is elevated in the backyard oasis, where a massive screened-in lanai surrounds a sparkling salt-system pool and spa, creating the perfect setting to enjoy breathtaking lake sunsets. Additional highlights include accordion shutters for exterior storm protection and parking for up to three vehicles.
With its grand design, modern systems, and picturesque waterfront setting, this exceptional Wellington home is ready to impress and welcome you home.
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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 |
|---|---|---|---|
| Mar 18, 2026 | Sold | ||
| Sold | |||
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Feb 27, 2026 | Relisted | $1,050,000 | |
| Relisted | |||
| Feb 19, 2026 | In contract | - | |
| In contract | |||
| Jan 30, 2026 | Price Decreased |
$1,050,000
↓ $50K
(4.6%) | |
| Price Decreased | |||
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About Olympia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017