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453 WATERWAY DRIVE
About This Property
Living in this exclusive, big-rig-friendly, golf-cart community offers effortless lock-and-leave convenience. The quarterly HOA fee of $942 takes care of all your essentials, covering water, sewer, trash service, lawn maintenance, high-speed internet, cable/streaming TV, and 24/7 gated community security. Resort owners enjoy private access to resort-style heated pools, hot tubs, tennis and pickleball courts, a modern fitness center, and a luxury owner's lounge. Best of all, you are just a short golf cart ride away from the legendary Westgate River Ranch Resort & Dude Ranch. This adjacent playground grants you seamless access to a state-of-the-art water park and drop slides, a full-service marina, trap and skeet shooting, horseback riding, swamp buggy tours, and the world-famous Saturday Night Rodeo. Top-tier on-site dining and conveniences include the River Ranch Cattle Company Steakhouse, Starbucks, a saloon with live country music, and a fully stocked general store. This is a rare opportunity to own the finest waterfront lot in the resort.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 24, 2026 | Price Decreased |
$370,000
↓ $5K
(1.3%) | |
| Price Decreased | |||
| Jul 27, 2026 | Listed by FUTURE HOME REALTY INC | $375,000 | |
| Listed by FUTURE HOME REALTY INC | |||
| Feb 1, 2024 | Sold | ||
| Sold | |||
| Dec 26, 2023 | Listed by FUTURE HOME REALTY INC | $335,000 | |
| Listed by FUTURE HOME REALTY INC | |||
| Mar 14, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017