5020 Castlerock Way
About This Property
The clean white kitchen has been redone with custom cabinetry, quartz countertop, & high-end Jenn-Air appliances plus a beautiful island with butcher block counters.
Custom details around the owner's suite creating a luxurious feeling. Sweeping the entire side of the home, the room flows into a hallway with oversized walk in his / her closets, large soaking tub, dual sinks and massive updated shower.
Seamless indoor / outdoor living with ample covered space & various outdoor living areas. The new no-seeum, panoramic screen allows you to watch the golfers as they pass and creates a feeling of opulence. The outdoor lanai has over 1,000 sf of extra living space around the pool & spa. Enjoy dinner or a sports game outside with the oversized TV while you enjoy nightly sunsets. Electric hurricane screens for the covered living area add additional peace of mind. Home is in an X Flood Zone which means NO flood insurance required!
A 3 car garage boasts epoxy flooring & cabinetry, perfect for storing cars, tools & your golf cart.
Additional features include:
Sonos system with both TV's and sound system throughout the house, NEW flat tile roof (2023), Hurricane impact glass windows & sliders, electric hurricane impact shutters, NEW water heater (2024), 2 AC units, NEW AC (2024) & other 5/6 years old, NEW panoramic outdoor screen (2023), NEW Paint (interior 2023) & (exterior 2022). A smart home system includes Moen remote water shut off, remote front door lock for ease of guests or home watch while you're not in town.
At night, you can either relax by the calming blue water in the pool watching the sunset go down or hop on your golf cart and grab dinner & a drink down at the clubhouse.
Quick access via the golf cart into nearby Publix from the back gate too! So many conveniences around, you don't need to leave the community once you're here. 7 min drive to I-75, for ease of access in and out of RSW Airport for quick trips down to Florida to golf!
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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 |
|---|---|---|---|
| May 14, 2025 | Sold | ||
| Sold | |||
| Mar 28, 2025 | In contract | - | |
| In contract | |||
| Mar 8, 2025 | Price Decreased |
$1,799,000
↓ $100K
(5.3%) | |
| Price Decreased | |||
| Feb 11, 2025 | Price Decreased |
$1,899,000
↓ $100K
(5%) | |
| Price Decreased | |||
| Dec 2, 2024 | Listed by Premiere Plus Realty Company | $1,999,000 | |
| Listed by Premiere Plus Realty Company | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017