405-B Suwannee Drive #58B
About This Property
Inside, 10-foot ceilings and an open layout connect the kitchen, dining area and family room. The kitchen features upgraded 42-inch Level 5 cabinetry with crown molding, Calacatta quartz countertops, a farmhouse sink and champagne bronze faucet. The Level 4 tile backsplash extends to the ceiling behind the canopy range hood, adding a decorative finish to the cooking area. The stainless steel GE appliance package includes a 30-inch built-in gas cooktop, canopy range hood, dishwasher and French-door refrigerator. Two white and champagne bronze pendant lights illuminate the island, while a brushed natural brass chandelier complements the adjoining dining area. A separate pantry provides additional storage. Selections and color package details coming soon.
The family room opens directly to the covered rear patio, where a ceiling fan with light provides added comfort while enjoying the water view and wooded surroundings. The owner's suite is located privately at the rear of the home a located privately at the rear of the home and includes a spacious walk-in closet and ensuite bath with upgraded cabinetry, champagne bronze hardware and plumbing fixtures, floor-to-ceiling shower tile and a European-style glass shower door finished in champagne bronze.
Bedroom 2 is positioned near the front entry, with a full guest bathroom featuring floor-to-ceiling shower tile. This arrangement provides separation between the bedrooms while keeping the main living spaces open and accessible. A dedicated laundry room and family foyer connect the garage to the interior, with additional storage conveniently located near the kitchen.
Additional features include luxury vinyl plank flooring throughout, 8-foot interior doors, Craftsman-style trim with 5¾-inch baseboards, soft-close cabinetry, impact-rated windows, a tankless water heater, gas grill rough-in and Smart Home Ready infrastructure. Each paired residence is structurally independent and separated by a two-hour fire-rated wall assembly featuring insulated framing, layered gypsum board and an air space between the homes.
Located within the Longleaf Park neighborhood of Watersound Origins, the Villas offer convenient access to Watersound Town Center, Publix, restaurants, medical offices and Highway 98. Residents also enjoy access to Origins Golf Course, Village Commons with resort-style pool, fitness center and sports courts, and miles of community walking and biking trails. Exterior lawn maintenance is included, allowing more time to enjoy the community and surrounding amenities.
Estimated completion: TBD. Pricing subject to change as the home progresses and selections are added or removed.
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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 26, 2026 | Listed by Watersound Real Estate | $540,928 | |
| Listed by Watersound Real Estate | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
- 2 Units for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017