409 SE Saint Lucie Boulevard
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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 |
|---|---|---|---|
| Jul 29, 2025 | Sold | ||
| Sold | |||
| May 5, 2025 | In contract | - | |
| In contract | |||
| Apr 5, 2025 | Relisted | $3,475,000 | |
| Relisted | |||
| Mar 25, 2025 | No longer available | - | |
| No longer available | |||
| Mar 24, 2025 | Listed by RE/MAX of Stuart | $3,475,000 | |
| Listed by RE/MAX of Stuart | |||
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Wow, Location, Location... Snug Harbor! Light & bright contemporary, soaring ceilings, open floor plan, 8' solid doors, high gloss porcelain tile, great room with gourmet chef's kitchen & butler's pantry. The "Coup de Gras" is the guest house built in 2023, great room, vaulted ceilings, chef's kitchen & large center island & butler's pantry.
Master bedroom suite has 10x15 wet room & its own laundry room. The back of the house is all glass, with a large wrap-around screened lanai & patio overlooking the new pool with sundeck, Laminar jets, bubbler & beautiful butterfly garden. Large private estate grounds fenced with a dog exercise pen. CBS construction, new roof, A/C, impact windows and doors, generator, & 3-car garage. Snug Harbor is a private non-gated waterfront community with 72 home, marina, clubhouse, tennis & pickleball. 3 miles to beach, 2 miles to historic USA Today's 2024 America's best small coastal town, Travel & Leisures best of 2024 and Conde Naste Traveler's a top 10.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017