50
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5609 Harbour Circle
About This Property
Experience the ultimate Florida lifestyle in this immaculate 3-bedroom, 2.5-bathroom single-story residence located inside the highly coveted Gate 1 community. Meticulously maintained and offered fully turnkey-furnished, this pristine home is completely move-in ready - ideal as a primary residence, vacation home, or premium rental asset.
MASSIVE FINANCIAL ADVANTAGE: Escape the soaring costs of new insurance policies! This property features a fully transferable, assumable Flood Insurance policy locked in at only $1,872 per year - saving thousands annually compared to neighboring listings.
Step inside to a bright, open floor plan with 2,444 sq ft under a pristine roof, featuring a heavily updated and meticulously serviced HVAC system with mostly new components. The outdoor oasis is designed for true relaxation, with an electric-heated pool and spa, screened lanai, and lush tropical fruit trees overlooking peaceful lake views.Enjoy peace of mind with gated security and low monthly HOA fees that include full access to Cape Harbour's world-class amenities: clubhouse, fitness center, tennis courts, and the luxury marina just a short walk or golf-cart ride away.
This property is sold strictly "As-Is" for seller convenience, reflecting its pristine condition. High-value, worry-free luxury living at its finest.
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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 8, 2026 | Price Decreased |
$675,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Jan 23, 2026 | Price Decreased |
$699,700
↓ $30K
(4.2%) | |
| Price Decreased | |||
| Jan 16, 2026 | Price Decreased |
$730,000
↓ $20K
(2.7%) | |
| Price Decreased | |||
| Oct 2, 2025 | Listed by Realmark Realty Group II LLC | $750,000 | |
| Listed by Realmark Realty Group II LLC | |||
| May 29, 2024 | No longer available | - | |
| No longer available | |||
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About Pelican
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017