505 CONVEX Lane
About This Property
This custom-designed 3-bedroom, 2-bath home with a formal office feels warm, intentional, and effortlessly elegant. From the moment you step inside, thoughtful details set the tone -- quartz countertops in the kitchen and baths, a built-in dry bar with wine refrigerator, plantation shutters, California custom closets, surround sound, and unique design elements like barn doors and wood accent walls that make the home feel truly special.
But the real magic happens outside.
Your backyard oasis overlooks the water, creating a sense of calm that's hard to replicate. Enjoy mornings and evenings under the panoramic screened enclosure, host unforgettable gatherings in the outdoor kitchen with grill and refrigerator, relax beneath the retractable awning, or unwind in the 7-person spa. The expansive pavered patio and black wrought iron fencing preserve the view while giving you privacy and securi Set within a community offering resort-style amenities and an A-rated K-8 school right in the neighborhood, this home offers the rare combination of beauty, comfort, and convenience.
This isn't just a house it's where everyday life feels like a vacation.
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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 25, 2026 | Sold | ||
| Sold | |||
| Feb 15, 2026 | In contract | - | |
| In contract | |||
| Feb 5, 2026 | Listed by EPIQUE REALTY, INC | $526,000 | |
| Listed by EPIQUE REALTY, INC | |||
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About St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017