5510 SKYLIGHT WAY
About This Property
Natural light flows into the home through windows that line the exterior wall along the dining area, and large glass sliders in the great room open to a covered lanai. This layout invites a strong connection to the outdoors and provides an ideal setting for indoor-outdoor living. Optional features like an extended patio or larger sliders offer even more flexibility for your lifestyle.
All bedrooms are located on one side of the home, leaving a spacious open concept space for the kitchen, great room and dining on the other side. The owner's suite is a tranquil retreat, complete with a luxurious en suite featuring split vanities, a glass-enclosed shower with a high-set privacy window, a private water closet, and a large walk-in closet. Bedrooms two and three, situated at the front of the home, has easy access to the full hallway bathroom, making it ideal for guests or family. A convenient powder room is located off the foyer, offering an additional level of privacy and function.
Throughout the Pelican, three extra closets provide added storage, ensuring that everything has its place. This home is HERS-rated for energy efficiency and includes smart home features for enhanced comfort and convenience. Photos, renderings and plans are for illustrative purposes only and should never be relied upon and may vary from the actual home. Pricing, dimensions and features can change at any time without notice or obligation. The photos are from another model of the same floor plan in a different community, not located in Sanderling as a model. This home is new construction in a brand new community with a plat that is pending recording with the county.
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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 |
|---|---|---|---|
| May 19, 2026 | Sold | ||
| Sold | |||
| Apr 2, 2026 | In contract | - | |
| In contract | |||
| Mar 15, 2026 | Price Decreased |
$346,664
↓ $18K
(4.9%) | |
| Price Decreased | |||
| Dec 12, 2025 | Listed by MATTAMY REAL ESTATE SERVICES | $364,664 | |
| Listed by MATTAMY REAL ESTATE SERVICES | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017