500 Royal Tern Drive
About This Property
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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 |
|---|---|---|---|
| Mar 12, 2026 | Sold | ||
| Sold | |||
| Feb 6, 2026 | In contract | - | |
| In contract | |||
| Dec 28, 2025 | Price Decreased |
$289,000
↓ $3K
(1%) | |
| Price Decreased | |||
| Nov 17, 2025 | Price Decreased |
$292,000
↓ $3K
(1%) | |
| Price Decreased | |||
| Oct 6, 2025 | Listed by Coldwell Banker Realty | $295,000 | |
| Listed by Coldwell Banker Realty | |||
| | |||
|
RUN, DON'T WALK! THIS HOUSE WILL NOT LAST LONG. THIS 2007 2 BED 2 BATH CUSTOM CORNER HOME IS LIKE NO OTHER YOU WILL SEE IN THE BAY. WITH JUST UNDER 1400 SQ FT UNDER AIR, YOU WILL FIND AN IMACULATELY KEPT HOME WITH VAULTED CEILINGS, LARGE BEDROOMS, A STUNNING MASTER BATH WITH BARN DOORS, CUSTOM KITCHEN AND LIGHTING, GRANITE COUNTERS AND MORE. TWO DRIVEWAYS, INCLUDING ONE FOR YOUR GOLF CART GARAGE, WIDE ENOUGH TO FIT MULTIPLE VEHICLES. TWO PORCHES, INCLUDING ONE OVERSIZED SCREENED PORCH, TO SIT AND ENJOY THE RIVER BREEZE OR WATCH THE SUN GO DOWN. A/C 2023, ROOF 2018, HURRICANE IMPACT WINDOWS. THIS HOME IS SPACIOUS, BRIGHT AND OPEN, PERFECT FOR ENTERTAINING OR YOUR OWN SLICE OF PARADISE! WALKING DISTANCE TO THE CLUBHOUSE AND POOL. ENJOY RESORT LIVING WITH GOLF, PICKLE BALL COURTS, PRIVATE FISHING PIER, PRIVATE BEACH AND MANY MORE AMENITIES AND SHOPPING.
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Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Barefoot Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017