4770 SW Ardsley Drive
About This Property
Upstairs, the luxurious primary suite features a walk-in closet and spa-inspired bathroom with a soaking tub, walk-in shower, and double vanities. Three additional bedrooms offer generous closet space. Outside, the fenced backyard is perfect for relaxation, featuring a summer kitchen under the covered loggia, a pergola with a tranquil waterfall, and a custom pool surrounded by travertine decking.
Living in Banyan Bay comes with numerous perks, including low HOA fees, lawn maintenance, irrigation, quarterly pest control, and lawn fertilization. Community amenities include a beautiful clubhouse with a fitness center, heated pool, and an activity room with a kitchen. Residents also enjoy access to the St. Lucie River, complete with a dock, kayak and paddleboard launch, a gazebo, and a rinsing station for non-motorized watercraft. Conveniently located near shopping, dining, and the Treasure Coast's pristine beaches, the community also provides easy access to the Florida Turnpike and I-95 for seamless commuting.
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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 |
|---|---|---|---|
| Jun 28, 2025 | Price Decreased |
$925,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| Jun 5, 2025 | Price Decreased |
$950,000
↓ $49K
(4.9%) | |
| Price Decreased | |||
| May 10, 2025 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| Apr 11, 2025 | Listed | $1,050,000 | |
| Listed | |||
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Welcome to this beautifully renovated lakefront home located in the prestigious gated community of Banyan Bay. With a spacious and light-filled interior, this elegant residence offers 2,878 square feet of refined living space, including four generously sized bedrooms, a dedicated office, and two and a half bathrooms--perfect for both families and those who love to entertain. The freshly painted interior features new luxury vinyl flooring throughout, along with updated fans, fixtures, door hardware, and cabinet hardware. New hurricane impact sliding glass doors lead to a covered patio, seamlessly blending indoor and outdoor living.
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| Feb 25, 2025 | Sold | ||
| Sold | |||
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About Martin
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017