60 Edgewater Dr #5E
About This Property
The manager has listed the unit size as 3100 square feet.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 26, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Price Increased |
$3,300,000
↑ $850K
(34.7%) | |
| Price Increased | |||
| May 27, 2025 | Price Increased |
$2,450,000
↑ $51K
(2.1%) | |
| Price Increased | |||
| Apr 1, 2025 | Listed | $2,399,000 | |
| Listed | |||
| | |||
|
Discover the pinnacle of luxurious living at the highly sought-after Gables Club! This remarkable property offers a resort-like ambiance and a stunning waterfront location, making it an exceptional choice. It also provides premium services, including concierge support, extensive security, valet parking, a lively clubhouse, a refreshing spa, a salon, a fully equipped fitness center, heated swimming pools, tennis courts, and much more. Upon entering your 3,100-square-foot condo, you'll discover an inviting living room & eat-in kitchen equipped with everything you need. The spacious primary suite features two baths, two additional beds, baths + an additional room as a den or office, etc. Located in a prime area, you'll be just 10 mins from downtown Gables, Grove, & South Miami.
| |||
| Mar 2, 2023 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/25/2023
|
3 Bed
|
3.5 Bath
|
3100 ft²
|
$2,799,000
3 Bed
3.5 Bath
3100 ft²
|
-
-
|
Toni Schrager
Brown Harris Stevens
| |
|
12/16/2022
|
3 Bed
|
3.5 Bath
|
3100 ft²
|
$2,600,000
3 Bed
3.5 Bath
3100 ft²
|
-
-
|
Toni Schrager
Brown Harris Stevens
| |
|
06/13/2022
|
2 Bed
|
4 Bath
|
3165 ft²
|
$2,475,000
2 Bed
4 Bath
3165 ft²
|
-
-
|
Tracey Spiegelman
Shelton and Stewart REALTORS
| |
|
02/15/2022
|
2 Bed
|
3 Bath
|
2960 ft²
|
$2,250,000
2 Bed
3 Bath
2960 ft²
|
-
-
|
Irina Artemova
Luxe Living Realty
| |
|
11/17/2021
|
3 Bed
|
7 Bath
|
7980 ft²
|
$7,890,000
3 Bed
7 Bath
7980 ft²
|
-
-
|
Allison Blumenthal
Brown Harris Stevens
| |
|
11/01/2021
|
2 Bed
|
4 Bath
|
3165 ft²
|
$2,600,000
2 Bed
4 Bath
3165 ft²
|
-
-
|
Anna Christina Cooper PA
Brown Harris Stevens
| |
|
05/26/2021
|
2 Bed
|
3 Bath
|
3165 ft²
|
$2,200,000
2 Bed
3 Bath
3165 ft²
|
-
-
|
Audrey Ross
Compass Florida LLC
| |
|
05/25/2021
|
3 Bed
|
4 Bath
|
3165 ft²
|
$2,424,900
3 Bed
4 Bath
3165 ft²
|
-
-
|
George Theodore
Address Real Estate LLC
| |
|
05/04/2021
|
3 Bed
|
4 Bath
|
3165 ft²
|
$2,500,000
3 Bed
4 Bath
3165 ft²
|
-
-
|
Mauricio Barba PA
One Sotheby's International Realty
| |
|
02/03/2021
|
3 Bed
|
7 Bath
|
7980 ft²
|
$7,900,000
3 Bed
7 Bath
7980 ft²
|
-
-
|
Brett Harris
CHARLES RUTENBERG REALTY INC
| |
|
02/02/2021
|
4 Bed
|
6 Bath
|
10190 ft²
|
$8,995,000
4 Bed
6 Bath
10190 ft²
|
-
-
|
Dennis Carvajal
One Sotheby's International Realty
| |
|
10/23/2020
|
2 Bed
|
4 Bath
|
3165 ft²
|
$2,250,000
2 Bed
4 Bath
3165 ft²
|
-
-
|
Anna Christina Cooper PA
Brown Harris Stevens
| |
|
05/27/2020
|
3 Bed
|
4 Bath
|
3165 ft²
|
$2,525,000
3 Bed
4 Bath
3165 ft²
|
-
-
|
Toni Schrager
Brown Harris Stevens
| |
|
10/30/2019
|
3 Bed
|
4 Bath
|
3100 ft²
|
$1,395,000
3 Bed
4 Bath
3100 ft²
|
$900,000
-35.48%
08/06/2020
|
Marilyn Cromer
Douglas Elliman
| |
|
08/07/2019
|
3 Bed
|
3 Bath
|
2960 ft²
|
$1,500,000
3 Bed
3 Bath
2960 ft²
|
-
-
|
Mauricio Barba PA
One Sotheby's International Realty
| |
|
10/10/2018
|
3 Bed
|
4 Bath
|
3100 ft²
|
$2,295,000
3 Bed
4 Bath
3100 ft²
|
-
-
|
Dennis Carvajal
One Sotheby's International Realty
| |
|
10/09/2018
|
3 Bed
|
3 Bath
|
2960 ft²
|
$1,750,000
3 Bed
3 Bath
2960 ft²
|
-
-
|
Aviva Sharp
Douglas Elliman
| |
|
07/30/2017
| |
2 Bed
|
3.5 Bath
|
-
|
-
2 Bed
3.5 Bath
|
-
-
|
-
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017