507 Canal Way
About This Property
Side views of water with 30 ft seawall. Two bedroom/2 bath plus over sized 15x12 florida room with skylight,15 x12 dining room plus additional screened porch. Lushly landscaped and also has banana orchard area. Kitchen updated with side by side French door refrigerator with ice maker, GE Glass top range and micro and Kenmore dishwasher. Lots of tile plus neutral carpeting. Louvre closet doors. Both baths have commodes replaced, electrical lighting replaced and heat lights. Trane A/C 2010. Roof replaced in 2014. Laundry tub and extra cabinetry
in garage. Double concrete drive..Paid up
recreation lease in full. A Unique property...Must see....
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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 |
|---|---|---|---|
| Feb 13, 2025 | Sold | ||
| Sold | |||
| Jan 13, 2025 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Listed by PBP Real Estate LLC | $420,000 | |
| Listed by PBP Real Estate LLC | |||
| | |||
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This stunning waterfront retreat in a vibrant 55+ community is perfectly positioned on an oversized lot. From the moment you step inside, you'll sense the care and attention that has gone into transforming this house into a true sanctuary. Every inch has been thoughtfully updated to combine modern elegance with lasting quality, ensuring you can enjoy the best of Florida living without a worry in the world. The home's journey of transformation began with practical upgrades to ensure strength and durability. In 2018, the roof was fortified with a third nail upgrade, complementing the main roof & flat roof, both replaced in 2014. Hurricane-rated windows, doors, and even a hurricane-resistant garage door were added in 2019, along with a brand-new AC system to keep the home cool & comfortable.
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| Dec 5, 2018 | Sold | ||
| Sold | |||
| Sep 8, 2018 | Listed by Allegiance Realty Services Inc | $249,900 | |
| Listed by Allegiance Realty Services Inc | |||
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About Leisureville
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Allegiance Realty Services Inc
Last Updated: 4 months ago
Data Source: Beaches MLS, MLS# R10463027
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017