375 Cherry Drive
About This Property
NO HOMEOWNERS FEES AT THIS 2,000 PLUS SQ. FT. 4 BEDROOM, 2-BATH HOME. Come View this 1982 Concrete Block Home with a 9-Year-Old Barrel Tile Roof & Resurfaced Swimming Pool. Garage Houses a Pump for the Deep Well & Sprinkler System for a Well-Groomed Garden & Lawn. The Garage can Accommodate Larger Vehicles. The Screened Patio is Large & will be Enjoyed while in the Pool or Just Relaxing. Satellite Beach Offers Great Beach Access, a Public Library, Tennis Courts, Great Restaurants, an Excellent Elementary, Middle & High School. The Schechter Center Offers Activities & Educational Classes to Both Young and Old. There will be Some Updating Needed, Including New Flooring, but the Size, Bones & Layout will Make this Home the One You will want to Call your 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%.
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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 |
|---|---|---|---|
| Oct 14, 2025 | Sold | ||
| Sold | |||
| Sep 22, 2025 | In contract | - | |
| In contract | |||
| Aug 31, 2025 | Listed by ZOOM Realty Group LLC | $694,900 | |
| Listed by ZOOM Realty Group LLC | |||
| | |||
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Welcome to your Beachside Oasis, a beautifully updated 4-bedroom, 2-bath retreat designed for relaxed coastal living. With over 2,000 square feet of bright, breezy living space, this home is perfect for families, professionals, or anyone looking to immerse themselves in the Florida lifestyle. As you go inside and you'll immediately notice the warmth of wood-accented ceilings, the natural sunlight streaming through skylights, and an open layout that feels both spacious and inviting. The modern granite kitchen sits at the heart of the home, complete with stainless steel appliances and three unique breakfast bars that make it easy to cook, entertain, or gather with friends and family.
The magic continues outdoors, where your backyard transforms into a private tropical escape. A covered lanai provides the perfect shady spot for morning coffee or evening dining, while the sparkling pool invites you to cool off and relax any time of day. Whether you're hosting weekend barbecues, enjoying a quiet night under the stars, or spending the afternoon poolside, this home makes every moment feel like a vacation. And when you're ready to explore, you're just five minutes from the sand and surf, only minutes from local restaurants, cafes, and shopping. With gorgeous curb appeal, a functional floor plan, and a backyard built for fun, this home captures everything that makes beachside living so special. Whether you're here for a short-term stay or a longer seasonal rental, this oasis offers the perfect mix of comfort, style, and convenience.
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| Aug 8, 2025 | Relisted | $714,999 | |
| Relisted | |||
| Aug 8, 2025 | Price Decreased |
$699,999
↓ $15K
(2.1%) | |
| Price Decreased | |||
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About Cresthaven Satellite Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017