3612 COVINGTON DRIVE
About This Property
Step through the elegant double-door entry where this home features a well-designed split-bedroom layout that offers maximum privacy-placing the primary suite on one side, two bedrooms on the opposite side, and a fourth bedroom and bath in a separate area-ideal for guests, in-laws, or a home office. Soaring ceilings and an abundance of natural light. The living area features a wood-burning fireplace-perfect for cozy evenings-and opens seamlessly to the enclosed pool area where you can relax while enjoying peaceful views of the pond and local wildlife.
The home is equipped with whole-house solar panels, keeping electric bills impressively low-under $100/month-and the electrical panel is set up for either a slow car or fast car charger. The primary suite boasts an oversized walk-in closet and a spa-like bathroom with dual vanities and a large walk-in shower. A convenient pool bath provides easy access for guests from the lanai.
Additional highlights include a 4-year-new roof and A/C system, a thoughtfully designed pool bath, and a location that offers both privacy and convenience. This is Florida living at its finest-efficient, elegant, and close to everything.
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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 |
|---|---|---|---|
| Aug 15, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jul 22, 2025 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Jul 3, 2025 | Listed by LOCK & KEY REALTY | $460,000 | |
| Listed by LOCK & KEY REALTY | |||
| Apr 24, 2025 | Price Decreased |
$480,000
↓ $25K
(5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017