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5902 Bermuda Lane
About This Property
Designed for effortless entertaining, the living room now includes a new 60-inch bar area. The primary suite is a true retreat, enhanced with two full spa-like bathrooms and a "Ritz Carlton" inspired open closet concept. Both primary baths feature white cabinetry, quartz counters, marble shower floors, 1/2 glass enclosures and a 2nd entry. The spacious second and third bedrooms share a private bathroom updated with grey cabinetry, quartz tops, porcelain tile walls and stone flooring. A versatile den provides the perfect space for a home office or a quiet reading nook.
The exterior is equally impressive featuring an extended driveway with space for 4 cars, a new coastal-toned epoxy garage floors and a freshly painted facade & new coach lighting. The solar panels are paid in full and make this home truly efficient. The oversized paver lanai surrounds a custom Nassau pool and water feature, a new salt water system, new timer and LED lighting for evening swimming. The roof is 6 years old and AC 8 years old offering truly maintenance-free living. Island Walk offers endless walking paths, all bridges lead to the wonderful amenities of the town center including several pools, tennis & pickleball, a wonderful onsite restaurant, hair & nail salon, mail service, gas station & car wash. Unlimited functions at the clubhouse where there is a club environment without the extra fees.
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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 30, 2026 | In contract | - | |
| In contract | |||
| Jul 21, 2026 | Relisted | $749,900 | |
| Relisted | |||
| May 29, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 6, 2026 | Listed by Broker Brothers LLC | $749,900 | |
| Listed by Broker Brothers LLC | |||
| Mar 4, 2026 | Sold | ||
| Sold | |||
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About Urban Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017