415 A Suwannee Drive #56A
About This Property
Positioned on a homesite overlooking a retention pond with a wooded backdrop, the covered rear patio provides a peaceful setting to enjoy the view while maintaining the convenience of paired patio living. The floor plan features an open kitchen, dining, and family room with 10-foot ceilings, creating a spacious central gathering area. The kitchen includes a large island, walk-in pantry, gas cooktop, ceramic tile backsplash, and soft-close cabinetry with quartz countertops.
The primary suite is tucked privately at the rear of the home and features a walk-in closet and an upgraded owner's bath with enhanced tile finishes. A secondary bedroom and full bath are positioned near the front of the home, while the added powder room offers convenience for guests. Luxury vinyl plank flooring extends throughout the home, complementing the clean, low-maintenance design.
Additional features include impact-rated windows, 8-foot interior doors, a tankless water heater, covered patio, Smart Home package, gas grill rough-in, and exterior lawn maintenance. Located just minutes from Watersound Town Center, Publix, restaurants, medical offices, and Highway 98, homeowners also enjoy access to the Origins Golf Course, Village Commons, walking trails, and the amenities of the Watersound Origins community.
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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 |
|---|---|---|---|
| Jul 3, 2026 | Listed by Watersound Real Estate | $532,987 | |
| Listed by Watersound Real Estate | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
- 1 Unit for Sale
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017