511 Serendipity Drive #511
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 |
|---|---|---|---|
| Jul 31, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | No longer available | - | |
| No longer available | |||
| Jun 7, 2025 | Listed by John R Wood Properties | $615,000 | |
| Listed by John R Wood Properties | |||
| | |||
|
Welcome to this updated, high and dry, Sunny, Serendipity SW Lagoon Charmer! This first-floor jewel offers a tropical garden entry, plus a secret gated old Chicago brick private garden terrace tucked off the guest suite. Interior appointments include a wood burning fireplace, new A/C, new electric panel, updated baths, granite kitchen counters, stainless appliances, new W/D, 20” x 20” ceramic tile flooring, and California closets. Step from your walls-of-glass sunroom onto the enchanting rear linear wood deck suspended directly over the lagoon, viewing a lively water feature and colorful mature plantings. Happily, the Serendipity community just installed all new roofs in 2024, with exterior buildings to be freshly painted in 2025. Located at the south end of Pelican Bay, Serendipity offers 2 neighborhood pools, one offering a sweet Clubhouse with new catering kitchen. Then add Pelican Bay’s extensive array of included membership privileges and amenities: 2 Gulf-Front Beach Clubs offering open-air casual, bar, or formal indoor dining, attended beach services, 2 active tennis centers, expansive fitness, kayaking, miles of walk & bike paths, with Pickleball soon-to-come. Artis Naples Performing Arts Center, Waterside Shops & Mercato, and the soon-to-come Restoration Hardware just steps away too!
| |||
| Apr 6, 2025 | Price Decreased |
$615,000
↓ $14K
(2.2%) | |
| Price Decreased | |||
| Mar 5, 2025 | Price Decreased |
$629,000
↓ $41K
(6.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/07/2025
|
2 Bed
|
2 Bath
|
1443 ft²
|
$615,000
2 Bed
2 Bath
1443 ft²
|
$575,000
-6.50%
07/31/2025
|
Jill Rogers
John R Wood Properties
| |
|
12/06/2024
|
2 Bed
|
2 Bath
|
1443 ft²
|
$749,000
2 Bed
2 Bath
1443 ft²
|
-
-
|
Jill Rogers
John R Wood Properties
| |
|
01/22/2024
|
2 Bed
|
2 Bath
|
1443 ft²
|
$749,000
2 Bed
2 Bath
1443 ft²
|
-
-
|
Nan Dietrich
John R Wood Properties
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017