509 Islamorada Boulevard
About This Property
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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 1, 2025 | Price Decreased |
$415,000
↓ $24K
(5.5%) | |
| Price Decreased | |||
| Nov 5, 2024 | Price Decreased |
$439,000
↓ $11K
(2.4%) | |
| Price Decreased | |||
| Jun 8, 2024 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Apr 30, 2024 | Listed | $460,000 | |
| Listed | |||
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Nestled within the gated resort community of Burnt Store Marina, this exceptionally updated home offers an unparalleled blend of elegance, comfort, and tropical charm. From the moment you arrive, you'll be captivated by the striking curb appeal, where lush landscaping and vibrant flora welcome you home. A handsome freshly painted exterior and NEW Tile ROOF installed in 2022 ensures both durability and aesthetic appeal for years to come. Step through the screened front entryway, adorned with cheerful floor tile, and prepare to be dazzled by the thoughtful design and impeccable attention to detail that awaits within this two bedroom PLUS DEN modified Mainsail II floor plan. Soaring cathedral ceilings and abundant windows showcase the freshly painted interior which provides an ideal canvas for any decor. Striking porcelain tile flooring finishes off the residence with a timeless elegance. The main living space beautifully connects with the updated kitchen featuring raised panel cabinetry with sprawling exotic stone tops, tasteful honed marble tile backsplash, and new state of the art Samsung navy steel appliances - providing both style and performance. The cheerful BONUS SUNROOM is surrounded by pleasing windows and doors and provides a pleasing extension of the main living space that can be used for dining, gaming, lounging or reading. This also leads to the private paver patio behind the home, perfect for soaking up the Florida sunshine. The adjacent den/office is another versatile space that enjoys views of the yard while being connected to the main living space. The primary suite serves as a peaceful retreat, complete with a custom closet and an updated ensuite bathroom featuring a frameless tiled shower and a custom freestanding dual sink vanity with Carrera Marble top, creating a spa-like oasis for rest and rejuvenation. Meanwhile, the guest bedroom located on the other side of the home offers a tastefully updated bath, with a granite top and vessel sink, adding a touch of luxury to every guest's stay. Burnt Store Marina residents enjoy access to two on site restaurants, ship’s store, 27 hole golf course, active pickleball tennis and fitness center, along with the largest deepwater Marina in SWFL. Attractive monthly maintenance fees of $250.00 per month.
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| Jun 13, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017