35546 BETSY ROSS BLVD
About This Property
The first-floor owner's suite features wood inlay in the tray ceiling with rope lighting, custom window treatments, a door to the patio, and a luxury owner's bath with tiled shower, double sinks, and ample storage. Two walk-in closets provide plenty of space for clothes and personal belongings.
Upstairs, a large loft area serves as the perfect second family room. Two guest bedrooms share a large bathroom, while the second owner's suite is truly spacious and includes a private bathroom and plenty of room for everyone. Downstairs the mudroom has hooks for organization, a sink, front-load washer and dryer, and cabinetry for storage. The oversized two-car garage and paver walkway to the covered front porch add to the property's curb appeal.
This property is located in the Sawgrass community, a gated neighborhood that offers full lawn maintenance and double the amenities with two clubhouses, two pools, two exercise rooms, tennis courts, basketball, and pickleball. The community is ideally located close to the beach, shopping, and dining. Overall, this property is a truly impressive and luxurious home that offers a comfortable and convenient lifestyle in a beautiful and sought-after community.
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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%.
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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.
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 |
|---|---|---|---|
| Apr 28, 2023 | Sold | ||
| Sold | |||
| Apr 9, 2023 | In contract | - | |
| In contract | |||
| Apr 6, 2023 | Listed by Ocean Atlantic Sotheby's International Realty | $825,000 | |
| Listed by Ocean Atlantic Sotheby's International Realty | |||
| Jul 9, 2017 | Listed | $438,900 | |
| Listed | |||
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Sawgrass North is a private, gated community nestled near Rehoboth Bay offering low maintenance living and great amenities such as two clubhouses, two pools, two fitness centers, basketball and tennis. The Herring Point model is a spacious one-story home that ranges from 2,395 to 4,745 heated square feet and offers 3 to 5 bedrooms and 2.5 to 5 baths. The plan includes a traditional dining room, high ceilings, and up 3 to 4 bedrooms on the main level. The garage includes ample storage space. Create an outdoor oasis with a charming courtyard option that is fully accessible to the main living area and the master bedroom. Entry is base price of the Herring Point model and square footage without additions. Selected homesite may include a premium. Photos are of a model home. On-site unlicensed sales people represent the seller only. The manager has listed the unit size as 2395 square feet.
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| Jan 29, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017