6
Map
500 Venice 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 |
|---|---|---|---|
| Nov 21, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Oct 17, 2025 | Listed by Posh Properties | $619,900 | |
| Listed by Posh Properties | |||
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The pictures don't do this home justice! Enjoy breathtaking views of the navigable waterway right from your backyard. The connected waterways of Lake Ida, Lake Osborne, Lake Eden, and several others encompass nearly 400 acres of lake surface and approximately 30 miles of scenic, navigable canals ideal for boating, fishing, kayaking, paddle boarding and exploring. Nestled in Venetian Isle, a small and peaceful no HOA community, this property is truly a fisherman's paradise.
This home already features a newer roof, impact windows and doors, a completely resurfaced pool, and brand-new deck pavers. The interior, however, is in need of a full remodel, offering the perfect opportunity to design your dream home or maximize profit potential with a short or long term rental. With an ARV well over $700,000, the property presents exceptional upside for cash buyers seeking a rare opportunity in this desirable location. A rare opportunity that does not come around often!
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| May 16, 2022 | Sold | ||
| Sold | |||
| Apr 15, 2022 | Listed by Coldwell Banker Realty | $485,000 | |
| Listed by Coldwell Banker Realty | |||
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About Venetian Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017