20
Map
4897 Merlot Drive
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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 |
|---|---|---|---|
| May 8, 2025 | Sold | ||
| Sold | |||
| Apr 4, 2025 | In contract | - | |
| In contract | |||
| Mar 29, 2025 | Price Decreased |
$750,000
↓ $30K
(3.8%) | |
| Price Decreased | |||
| Mar 16, 2025 | Price Decreased |
$779,900
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Feb 25, 2025 | Listed by Compass Florida, LLC | $800,000 | |
| Listed by Compass Florida, LLC | |||
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REDUCED! Now the best price/square foot for a pool home! Lakefront luxury in the gated Sonoma at Viera! This big, bright, and airy 4-bed + loft, 3-bath, 2,837 sq-ft home sits on a pristine oversized pie-shaped cul-de-sac lot with expansive side yards. A screened-in pool with a spa & cascading waterfall offers a private tropical retreat, while the upstairs loft provides a versatile space with a south-facing balcony showcasing breathtaking waterfront sunrises & sunsets. Upgraded flooring is elegant, durable and easy to maintain. State-of-the-art security system. Plenty of storage in the oversized 650 sq ft garage—larger than most 3-car garages! New roof in 2017 keeps your family safe and secure, with affordable insurance too! Ideally located near Viera's top-rated schools, The Avenues' premier shopping & dining, championship golf courses & the USSSA Sports Complex, this home blends luxury, comfort & convenience!
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About Sonoma at Viera
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017