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489 SCRUB JAY WAY
About This Property
The split bedroom floor plan offers ideal separation, with a privately positioned primary suite featuring a walk in closet, dual sinks, and walk in shower. One secondary bedroom includes its own en suite bath, providing flexibility for guests or multi generational living. With five true bedrooms and three full baths, there is room for everyone without sacrificing comfort.
Step outside and this home truly shines. The oversized screened enclosure features a covered lanai for shaded seating, a private spa, and a spacious pool deck overlooking tranquil water and trees with no rear neighbors. Whether enjoying a quiet morning coffee or hosting poolside gatherings, this backyard setting is the highlight.
Located just minutes from Walt Disney World, major attractions, dining, and shopping, this property is ideally positioned for both full time living and vacation rental potential. Well maintained and move in ready, it offers space, privacy, and true Florida lifestyle in one compelling opportunity.
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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 3, 2026 | Sold | ||
| Sold | |||
| May 6, 2026 | In contract | - | |
| In contract | |||
| Apr 5, 2026 | Relisted | $375,000 | |
| Relisted | |||
| Mar 13, 2026 | No longer available | - | |
| No longer available | |||
| Mar 2, 2026 | Listed by REAL BROKER, LLC | $375,000 | |
| Listed by REAL BROKER, LLC | |||
Property Highlights
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About Sandy Ridge
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017