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5 CHERRYTREE COURT
About This Property
Picture your mornings with coffee by the pool, boats gliding past on the main canal. In the evening, the sun sets over the water from your own covered cove. This beautifully kept 3-bedroom, 3-full-bath home sits at the end of a quiet cul-de-sac. Its side-tip location looks out over two intersecting canals, so you get sweeping water views from nearly every room.
The curb appeal is clear from the moment you arrive. A circular driveway has room for plenty of cars, and the home has been lovingly cared for and is in spectacular condition. Big-ticket items are done: the roof is from 2024 and the AC from 2025.
Inside, the split floor plan is spacious and bright. The front formal room would make an ideal home office or game room. Toward the back, the large family room opens to a huge kitchen with a center island and a great pantry, made for cooking and entertaining. All of it looks out over the water.
The primary suite is a true retreat. Sliding glass doors open straight to the pool, and the bath has dual vanities, a large walk-in shower in the center, and two closets. Every bedroom is generously sized with plenty of closet space.
Outdoors, the oversized pool is a joy to swim in. A large covered patio, a full pool bath, and a covered cove for sunset evenings make it easy to live outside year-round. Bring your boat to the private dock and enjoy main-canal living. You'll also find an inside laundry room and a garage with tons of built-in storage.
There's no HOA and no CDD, and Flagler Beach is just about 15 minutes away. Homes like this don't stay on the market long, and this one is priced to sell. Schedule your showing today!
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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 |
|---|---|---|---|
| Oct 27, 2026 | Listed by REALTY EXCHANGE, LLC | $749,900 | |
| Listed by REALTY EXCHANGE, LLC | |||
| May 6, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017