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501 Willowbrook Drive
About This Property
Imagine a home designed like a living being: a functional space that adapts, grows, and transforms according to your needs.
This 3-bedroom, 3-bathroom property proves that true luxury isn't about size, but versatility.
Set on an excellent lot with a gorgeous canal view in the backyard, the home stands out for its wonderful layout and a strategic third bathroom that multiplies the space's potential:
• Dreaming of a pool by the canal? This bathroom works perfectly as an outdoor access point.
• Working from home? Along with the garage, it easily becomes an office or showroom with its own completely independent entrance.
• Looking for extra income? With a small renovation, it transforms into a semi-independent unit ideal for renting out.
Built with classic, high-quality finishes and equipped with top-tier appliances, this home is small in size but giant in opportunity and privacy.
Come visit! It comes fully furnished so you can experience the tranquility of the canal firsthand and discover what your life could look like here.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Listed by Savvy Avenue, LLC | $310,000 | |
| Listed by Savvy Avenue, LLC | |||
| Aug 4, 2025 | Sold | ||
| Sold | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| Apr 20, 2025 | Price Decreased |
$17,000
↓ $9K
(34%) | |
| Price Decreased | |||
| Jan 1, 2025 | Listed by Century 21 Sunbelt Realty | $25,750 | |
| Listed by Century 21 Sunbelt Realty | |||
| | |||
|
Price adjustment for quick sale. Nice oversized waterfront/canal vacant lot with .28 Acres, 83ft wide x 150ft deep with rear Southern exposure. Easy access to Rt 80, I-75, Fort Myers, Labelle and surrounding areas.
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About Richmond
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017