4960 Joewood Drive
About This Property
The great room is the heart of the home, highlighted by a striking coral stone fireplace, wet bar, and an open entertainer's kitchen. A casual dining area invites family and friends to gather with ease.
Surrounding the pool, the covered lanai creates an exceptional outdoor living environment designed for both entertaining and relaxation. Accessible from the great room, living room, and primary suite, this space includes pool bath access, an extensive covered area, an outdoor bar, and a pass-through kitchen-perfect for spending the day in true island style. 4 bedrooms include a delightful owner's suite with a freestanding soaking tub and luxurious shower, dual sinks and tremendous storage. The owner has connected the 4th bedroom to create a dressing and staging area.
The unfinished lower level offers abundant storage for bikes, beach gear, and hobbies, along with a three-car tandem garage.
Recent upgrades include a new metal roof, remodeled kitchen and primary bath, renovated guest bath, impact windows, fresh interior and exterior paint, new front doors, an elevator lift at the entry, and extensive new landscaping that creates a lush tropical garden setting.
Gulf Ridge is known for its incredible landscapes and beautifully maintained grounds. FOUR PRIVATE beach access points including 2 that accommodate ATV's. 2 community pools, tennis courts, and a kayak launch into Old Blind Pass and Bowman's beach
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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 |
|---|---|---|---|
| Apr 16, 2026 | Price Decreased |
$2,225,000
↓ $69K
(3%) | |
| Price Decreased | |||
| Feb 9, 2026 | Price Decreased |
$2,294,000
↓ $1K
(0%) | |
| Price Decreased | |||
| Feb 7, 2026 | Listed by VIP Realty Group Inc | $2,295,000 | |
| Listed by VIP Realty Group Inc | |||
| Jul 9, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 28, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017