3111 Jasmine Drive
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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.
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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 9, 2021 | Sold | ||
| Sold | |||
| Nov 24, 2020 | Listed by Signature One Luxury Estates LLC | $4,275,000 | |
| Listed by Signature One Luxury Estates LLC | |||
| Jun 4, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed by Signature One Luxury Estates LLC | $3,488,000 | |
| Listed by Signature One Luxury Estates LLC | |||
| Nov 25, 2015 | Listed by Lehmann Realty Inc. | $3,290,000 | |
| Listed by Lehmann Realty Inc. | |||
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Magnificent one of a kind Custom smart home, on a rare sought after 110’ direct intercostal lot. This home boast over 5000 sq. ft., featuring 5 bedrooms, 5 full bathrooms, loft, a cabana bathroom and a powder room. Incredible view of the intercostal over your infinity edge pool, with spa and custom fountain. The main floor features an incredible Great room with a custom stone fireplace, and windows all the way up to the 19 foot ceilings, giving the most incredible views of the intercostal. A large Chefs kitchen overlooks the living room, breakfast area and separate bar. Take the elevator to the second floor and meet your giant master suite featuring a fire place, incredible views, wet bar, large balcony on the intercostal, an enormous closet and a custom his and her bath. The master closet also hosts its own washer and dryer. The master bath features a large shower, a spa tub, his and hers toilet rooms, as well as a separate steam shower. The second floor has a large loft, 3 more bedrooms, two full bathrooms, and a laundry room. Downstairs features a bedroom with its own full bathroom, a powder room, a cabana bath, laundry room, a two car garage and a one car garage. There is a 30 foot long dock. The house is wired as a smart house, the Crestron system gives you full control of audio, tv, and lighting throughout the house. Electronic window coverings throughout the house. Outside you walk onto your stone patio with a built in grill area, two separate large seating areas, infinity edge heated pool with spa and custom fountain and water feature, a custom built dock, and incredible views up and down the intercostal. There is a whole house automatic generator, powered by an in ground propane tank, impact doors and windows throughout the house. Two of the air conditioners were replaced last year. This is a very well maintained beauty on one of the few direct intercostal lots in the beautiful Tropic Isles.
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About Tropic Isle North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017