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40 EDGEWATER DRIVE
About This Property
The luxurious owner's suite includes a private sitting area, and the spa-like bath offers a walk-in shower, whirlpool tub, and dual vanities. A private second-level guest suite adds flexibility, along with a convenient pool bath accessible from the lanai. Extensive upgrades include a whole-house generator, dual HVAC systems with 3-zone control, roof replaced in 2019 with wind mitigation certified, updated gas hot water heater, pool equipment, and garage system, enhanced drainage and irrigation, and beautifully landscaped grounds with stonework and pavers. Additional highlights include central sound and intercom, plantation shutters, retractable screens on the double front entry doors for added comfort and airflow, an outdoor wet bar with wine cooler, and a gated garden area, perfect for enjoying Florida living. Ideally situated within minutes of the Cypress Knoll Golf Course, this home enjoys a prime Northeast Florida location just approximately 40 minutes from historic St. Augustine, known as the nation's oldest city, and Daytona Beach, famous for its world-renowned racing events, and about an hour to an hour and a half from Jacksonville and Orlando, home to major attractions including Walt Disney World, offering convenient access to beaches, shopping, and dining, truly an exceptional location.
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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 |
|---|---|---|---|
| Oct 8, 2026 | In contract | - | |
| In contract | |||
| Sep 30, 2026 | Price Decreased |
$529,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$549,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$559,000
↓ $40K
(6.7%) | |
| Price Decreased | |||
| Jun 26, 2026 | Price Decreased |
$599,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017