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5809 IMPERIAL KEY
About This Property
Inside, the home features bright, open living spaces designed for everyday comfort and effortless entertaining. A brand-new kitchen with stone countertops anchors the heart of the home, while both bathrooms feature fully remodeled showers with modern finishes. Natural light fills every room, enhancing the home's warm and contemporary feel. The layout includes a separate living room and formal dining area, plus dual sliding doors from the kitchen that open directly to the pool, creating a seamless indoor–outdoor flow.
Step outside to your private waterfront retreat. The screened-in cage encloses a recently resurfaced pool and new pavers, offering the perfect setting for relaxing afternoons or lively gatherings. The deep-water canal and private dock invite you to start your mornings with serene views or unwind as the sun sets over the water.
The converted garage with epoxy flooring provides a versatile bonus room or playroom and can easily be restored to a traditional garage if preferred. Move-in ready and located in a quiet, no-HOA community, this home offers the freedom to live exactly as you choose.
A true waterfront oasis where comfort, convenience, and coastal charm come together.
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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 |
|---|---|---|---|
| Sep 24, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Price Decreased |
$679,900
↓ $5K
(0.7%) | |
| Price Decreased | |||
| Aug 19, 2026 | Listed by AVISTA BAY REALTY, LLC | $685,000 | |
| Listed by AVISTA BAY REALTY, LLC | |||
| Oct 10, 2025 | Relisted | $730,000 | |
| Relisted | |||
| Oct 5, 2025 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017