425 A Suwannee Drive #54A
About This Property
Offering 2 bedrooms, 2.5 bathrooms, and a 1.5-car garage, the 1,442-square-foot layout centers around an open kitchen, dining, and family room with 10-foot ceilings and direct access to the covered rear patio. The kitchen is equipped with quartz countertops, soft-close cabinetry, a ceramic tile backsplash, gas cooktop, walk-in pantry, and a functional island that overlooks the main living space. Impact-rated windows bring natural light into the home while maintaining views of the pond and surrounding trees.
The owner's suite is privately positioned at the rear of the home and features a spacious walk-in closet, upgraded tile flooring, and a luxury shower. A separate guest bedroom, full bath, and powder room provide comfortable accommodations for visitors while maintaining privacy for the owner's suite.
Additional features include luxury vinyl plank flooring throughout, a tankless water heater, gas grill rough-in, craftsman-style trim with 5¾-inch baseboards, 8-foot interior doors, Smart Home-ready infrastructure, and exterior lawn maintenance for simplified ownership. Each residence is constructed with a structurally independent 2-hour fire separation wall for enhanced privacy and sound separation.
Located within the Longleaf Park neighborhood of Watersound Origins, the Villas are just minutes from Watersound Town Center, Publix, restaurants, medical offices, and convenient access to Hwy 98. Residents also enjoy the Origins Golf Course, Village Commons, miles of walking and biking trails, and the community's resort-style amenities.
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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 |
|---|---|---|---|
| Sep 15, 2026 | In contract | - | |
| In contract | |||
| Jul 3, 2026 | Listed by Watersound Real Estate | $582,473 | |
| 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