503 CANOPY FOREST Drive
About This Property
Why wait to build? Located in the gated Oak Grove community, 503 Canopy Forest Drive offers the perfect blend of modern style and outdoor entertaining.
Inside, a bright, open-concept layout seamlessly connects the living, dining, and kitchen spaces. Flooded with natural light, the home boasts premium finishes and a warm, contemporary feel throughout.
The real showstopper is the private, preserve-lined backyard retreat. The backyard still offers plenty of green space with room for a basketball hoop, or additional outdoor living. Experience SilverLeaf's 3 amenity centers, including resort-style pools with water slides, entertainment spaces, parks, trails, and even more to come in this growing master-planned community. Current owners spared no expense, investing over $350,000 in recent upgrades to make this property truly unique.
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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 |
|---|---|---|---|
| Aug 31, 2026 | Sold | ||
| Sold | |||
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jun 17, 2026 | Price Decreased |
$1,339,000
↓ $11K
(0.8%) | |
| Price Decreased | |||
| May 21, 2026 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $1,350,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
| Jun 28, 2023 | Sold | ||
| Sold | |||
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017