48 Sarona Street
About This Property
The thoughtfully designed Porter floor plan includes three bedrooms, two bathrooms and a two-car garage, providing comfortable single-level living that appeals to a wide range of buyers. The primary suite features a spacious bath with a separate soaking tub and walk-in shower, creating a relaxing retreat at the end of the day.
One of the property's most compelling advantages is its location. Residents can walk to the fitness center, resort-style pools, pickleball and tennis courts, basketball courts, the General Store and Props Brewery, making it easy to enjoy the community's extensive amenities without ever getting in the car. A fenced front yard adds additional privacy, while the HOA-maintained landscaping allows owners to spend less time on yard work and more time enjoying the lifestyle.
Monthly HOA dues include access to three pools, a 24-hour fitness center, clubhouse, movie theater, tennis and basketball courts, playgrounds and the Bay Club, complete with a fishing pier overlooking Choctawhatchee Bay. Lawn maintenance, fertilization, irrigation and mulching are also included, creating a truly lock-and-leave ownership experience.
Whether you're searching for a primary residence, a second home or a place to enjoy your retirement years, this move-in-ready home offers the comfort of newer construction, extensive recent upgrades and an unmatched location at the heart of the 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017