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475 PAPAYA CIRCLE
About This Property
Enjoy peaceful waterfront views and all the amenities that Barefoot Bay provides. Enjoy affordable Florida living in Barefoot Bay! This manufactured home with access to an impressive array of resort-style amenities, including three heated swimming pools, golf, tennis, pickleball, fishing, bocce ball, shuffleboard, horseshoes, basketball, mini-golf, clubhouses, and year-round social events. Residents also enjoy access to a 750-foot fishing pier, a private beach area with parking, and available RV and boat storage. Barefoot Bay is a favorite among mature adults, snowbirds, and active adults seeking an affordable coastal lifestyle without the high costs often associated with waterfront communities. Conveniently located near the Indian River Lagoon and Atlantic beaches, Barefoot Bay provides the perfect blend of recreation, relaxation, and community living. The Pier access is off US-1 opposite the Dunkin Donut.
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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 |
|---|---|---|---|
| Jun 25, 2026 | Price Decreased |
$198,000
↓ $7K
(3.4%) | |
| Price Decreased | |||
| Jun 21, 2026 | Listed by RE/MAX SELECT GROUP | $205,000 | |
| Listed by RE/MAX SELECT GROUP | |||
| Nov 6, 2020 | Sold | ||
| Sold | |||
| Oct 31, 2018 | Sold | ||
| Sold | |||
| Sep 8, 2018 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017