65
Map
505 Sanderling Drive
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| May 23, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Price Decreased |
$825,000
↓ $50K
(5.7%) | |
| Price Decreased | |||
| Apr 3, 2025 | Listed by One Sotheby's International | $875,000 | |
| Listed by One Sotheby's International | |||
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Nestled in The Sanctuary, one of Indialantic's most sought-after gated communities, this move-in-ready 5-bedroom, 4-bathroom home blends space, style, and convenience. With 3,430 sq. ft. of living space on a 0.28-acre lot, the home features an exceptionally open floor plan, soaring high ceilings, and abundant natural light. Designed for flexibility, it offers two primary suites (one upstairs, one downstairs) plus a dedicated home office. The chef's kitchen features granite countertops and a gas cooktop, balancing elegance and function.
Step outside to an in-ground saltwater pool, framed by lush landscaping and two private balconies—ideal for embracing the Florida lifestyle. The exterior is built to last, featuring a clay tile roof (2007) with a 50-100-year lifespan, and a newly updated flat roof (2023). Additional highlights include a two-car garage,two HVAC systems (2019, 2020), and a new water heater (2023) for efficiency and reliability. The Sanctuary provides 24/7 security, a clubhouse, a playground, and tennis courts, creating a vibrant community atmosphere. Just one minute from the beach, this home is also close to major airports and offers front-row views of rocket launches. A rare blend of luxury, comfort, and unbeatable location, this home is ready for its next owner.
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| Dec 28, 2021 | Sold | ||
| Sold | |||
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About The Sanctuary
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$3,400 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017