5532 Spinnaker Bay Drive
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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 |
|---|---|---|---|
| Oct 23, 2024 | Sold | ||
| Sold | |||
| Sep 19, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by Pacific Sotheby's Int'l Realty | $2,300,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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Life style by the water in a Contemporary Spinnaker Bay home with water views, colorful sunsets and a convenient location 24” boat slip. There is 3 bedrooms and 3 bathrooms including a large family room downstairs. Upstairs has the open feeling living room, dining room and beautiful remodeled kitchen with quartz center island. Views of the Marine Stadium, Bay and Sunsets abound. There is a deck off of the kitchen for outside dining or sitting and enjoying the breeze, with more views of boats, bay and unbelievable sunsets. Downstairs the family room and bedroom/office has a view of the water and sunsets also. High ceilings and openness highlighted by a floor to ceiling stone fireplace. Master bedroom suite with a soaking tub and heated shower with dual water spouts. There is a very large open family room downstairs with access to two bedrooms and bathroom. Your main activities will be in the open upstairs area. There is a separate laundry room and storage area in the garage. Enjoy walks along the bay, water activities, local parks and golf courses.
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| Jun 5, 2018 | Sold | ||
| Sold | |||
| Apr 13, 2018 | Listed by RE/MAX Estate Properties | $1,535,000 | |
| Listed by RE/MAX Estate Properties | |||
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About SEADIP
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017