565 Bayview DRIVE
About This Property
SALE SUBJECT TO BANKRUPTCY COURT APPROVAL AND OVERBID; PROPERTY SOLD "AS IS". This Mediterranean style home overlooks the Belleair Country club golf course and Clearwater Bay. The exterior features Mediterranean architecture and the interior features a mixture of Mediterranean and contemporary styles. This home offers features like antique doors, imported beams, soaring ceilings, concrete floors, Spanish style floors, oversized windows and vessel sinks. The kitchen design has custom contemporary cabinets, soap stone counters and Viking appliances. The huge private master suite has wood floors and a custom walk-in closet.
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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 |
|---|---|---|---|
| Nov 22, 2021 | Sold | ||
| Sold | |||
| Aug 9, 2021 | Listed by ENGEL & VOLKERS BELLEAIR | $1,300,000 | |
| Listed by ENGEL & VOLKERS BELLEAIR | |||
| Apr 15, 2019 | No longer available | - | |
| No longer available | |||
| Mar 29, 2019 | Price Decreased |
$1,295,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Mar 22, 2019 | Relisted | $1,395,000 | |
| Relisted | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017