57
Map
56 Island Drive
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 |
|---|---|---|---|
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| Apr 26, 2026 | Listed by Compass Florida LLC | $775,000 | |
| Listed by Compass Florida LLC | |||
| Mar 18, 2025 | Price Decreased |
$795,000
↓ $64K
(7.5%) | |
| Price Decreased | |||
| Feb 5, 2025 | Price Decreased |
$859,000
↓ $36K
(4%) | |
| Price Decreased | |||
| Dec 26, 2024 | Listed | $895,000 | |
| Listed | |||
| | |||
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Own a piece of paradise in the ultra-exclusive Isles at Hunters Run Country Club for a price not seen in years! This residence is in exceptional condition, serving only as a part-time home since completed in 2001. Situated on a private cul-de-sac with a sprawling pool deck and oversized backyard, the ''Barcelona'' model offers a sun-filled great-room layout across 2509 sqft, featuring an eat-in kitchen, two spacious bedrooms with en-suite baths, and a den/optional third bedroom with semi-private bath. Other highlights include a two-car plus golf cart garage, covered patio, 12' volume ceilings, solid-core doors, custom built-ins and window treatments, hurricane shutter storm protection, and 2-zone HVAC. Don't miss out on this rare opportunity. Schedule your showing today!
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About Hunters Run
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$8,500 /mo
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$6,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017