5625 Sycamore Drive
About This Property
Discover a rare opportunity to own a breathtaking 2.28-acre property in Logan Woods, offering the best of country living while being less than 6 miles from the beach. This cleared, square-shaped lot boasts 300 feet of serene frontage, providing ultimate privacy. Start your day with a peaceful morning coffee on the front porch, surrounded by nature in complete seclusion. The main home, built in 2017, is a gently lived-in ranch-style residence with a thoughtfully designed floor plan. On the west wing, you'll find a spacious master bedroom featuring an en-suite bathroom with a soaking tub and walk-in shower. On the east wing, another master bedroom awaits, also with an en-suite bathroom and walk-in shower. The generous open floor plan seamlessly connects the large living room and formal dining room, creating a perfect space for entertaining. Step outside to the expansive 40-foot-wide enclosed patio, where you can take in views of the backyard. Imagine the possibilities – included renderings show ample space for a pool and pickleball court, offering endless potential for outdoor enjoyment. The property also features a 1,066-square-foot guest home, complete with 2 bedrooms, 1 bath, kitchenette, storage room, spacious living room, and a deep garage. This versatile space is perfect for accommodating visitors or can be utilized as an income-producing rental. Need more storage? There's a 1,000-square-foot carport available as well. Enjoy the convenience of being near Pine Ridge Road, offering easy access to I-75, Clam Pass Beach, Waterside Shops, and major retail outlets. As one of only two homes on the street, this property provides complete privacy and tranquility, making it the ideal retreat for those seeking a balance between seclusion and coastal living.
Live Your Best Life here – in Logan Woods, where country charm meets beachside bliss.
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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 |
|---|---|---|---|
| Jan 14, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Dec 10, 2024 | Relisted | $1,625,000 | |
| Relisted | |||
| Dec 7, 2024 | In contract | - | |
| In contract | |||
| Nov 10, 2024 | Price Decreased |
$1,790,000
↓ $100K
(5.3%) | |
| Price Decreased | |||
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017