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569 BAYVIEW DRIVE
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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 |
|---|---|---|---|
| May 2, 2026 | Price Decreased |
$4,695,000
↓ $155K
(3.2%) | |
| Price Decreased | |||
| Feb 12, 2026 | Price Decreased |
$4,850,000
↓ $199K
(3.9%) | |
| Price Decreased | |||
| Sep 11, 2025 | Price Decreased |
$5,049,000
↓ $151K
(2.9%) | |
| Price Decreased | |||
| Aug 7, 2025 | Listed by PREFERRED SHORE LLC | $5,199,950 | |
| Listed by PREFERRED SHORE LLC | |||
| Mar 11, 2025 | Listed | $5,249,999 | |
| Listed | |||
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Under Construction. EXPECTED TO BE COMPLETED JUNE 2025. Experience the pinnacle of waterfront luxury with this brand-new construction home in the heart of Longboat Key competitively priced and ready for its next owner. Situated on a private canal, this 4-bedroom plus den, 4,106 sqft residence offers the perfect blend of modern elegance and coastal charm. Designed for seamless indoor-outdoor living, the home features two lanais, a private pool with a spa, and an elevated foundation at 9.5 feet. Boating enthusiasts will appreciate the 10,000-lb boat dock and quick access to the Gulf of Mexico for endless days on the water. Inside, enjoy engineered hardwood flooring throughout, quartz countertops in every space, and a large walk-in pantry. The thoughtfully designed layout includes two laundry rooms for added convenience. Set for completion in June 2025, this exceptional property allows buyers the opportunity to customize finishes to their taste. Nestled in a quiet, private setting, yet just minutes from Longboat Key’s pristine beaches, golf courses, and fine dining, this home is a rare find. Don’t miss the chance to own a waterfront masterpiece in one of Florida’s most desirable locations
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017