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319 PILOT POINT LANE
About This Property
Step outside and the home keeps giving. Two Trex composite decks stretch across the upper levels - durable, effortless, and built for taking in the water. Climb one more flight to the rooftop deck, where the harbor stretches out in every direction and sunset becomes a nightly event. Down below, a brand-new paver patio brings the outdoor living to ground level, perfect for morning coffee or evening entertaining.
And then there's the water itself: Boca Bay offers three community pools, a beach club, a boat dock, and a fishing pier, all within a secure, gated setting. The Pass Club adds upscale dining, a heated pool with bar and food service, eight tennis courts, a fitness center, and a pro shop.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Listed by MICHAEL SAUNDERS & COMPANY | $4,195,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Nov 1, 2025 | Listed | $4,950,000 | |
| Listed | |||
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Remodeled and walk-in ready! Come explore the exceptional panoramic sparkling water views from this well-maintained residence nestled on the shores of Charlotte Harbor in the “North Bay” neighborhood of Boca Bay. The home is beautifully updated with new furniture and is being offered Turn-Key for immediate use. Featuring stunning wood floors and coastal contemporary updates to the bathrooms and kitchen—including new cabinets, lighting, and more. Offering four bedrooms (including a bunk room) and four full bathrooms, all clean and inviting, with excellent bonus space throughout. The metal roof, clapboard siding, and spectacular rooftop deck (that never misses a sunset) all contribute to that timeless Old Florida charm. All impact glass windows and sliding glass doors are already in place for added peace of mind. Mother Nature at her best with exceptional views from every level! For the fisherman, paddle boarder, or kayaker, you can walk out and wade the nearby grass flats and sand bars, which offer some of the best fishing in and around Boca Grande. As part of the Boca Bay community, this property enjoys access to community pools, the exclusive Pass Club, and available boat dockage—offering a complete coastal lifestyle. This residence represents a terrific value for an open bay view / bayfront home. Come and explore this enchanting opportunity.
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| Nov 16, 2015 | Sold | ||
| Sold | |||
| Dec 9, 1999 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017