618 BUTTONWOOD 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%.
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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 |
|---|---|---|---|
| Jan 30, 2026 | Sold | ||
| Sold | |||
| Nov 21, 2025 | In contract | - | |
| In contract | |||
| Oct 29, 2025 | Listed by MICHAEL SAUNDERS & COMPANY | $1,495,000 | |
| Listed by MICHAEL SAUNDERS & COMPANY | |||
| Mar 5, 2025 | Listed | $1,495,000 | |
| Listed | |||
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One or more photo(s) has been virtually staged. Experience the perfect blend of comfort, style, and privacy in this beautifully remodeled, single-level Longboat Key home. Ideally situated in a prime mid-Key location on a quiet, friendly street, this home has been properly remediated and thoughtfully updated. Step inside to a freshly painted interior featuring tile plank floors throughout and a spacious great room that seamlessly opens to a private backyard oasis, complete with a sparkling pool and paver deck. This four-bedroom home boasts an open floor plan with a bonus sunroom—an inviting space for relaxation. Additionally, there is an extra room with a closet off the primary bedroom, ideal for an office, with French doors leading to the screened pool area. New kitchen cabinets with quartz countertops and new stainless steel appliances and island. Designed for both privacy and entertaining, the yard has been recently landscaped to enhance its beauty. The community offers exceptional amenities, including low-cost dock access and a boat launch, perfect for waterfront enjoyment and fishing. Two nearby beach access points provide easy entry to Longboat Key’s stunning shoreline. A community well helps maintain lush landscaping while keeping water costs low. This is a rare opportunity to own a coastal retreat in one of Longboat Key’s most desirable neighborhoods. Shopping, dining, the Longboat Key Club, as well as tennis, pickleball courts, and parks, are all just minutes away. Don’t miss out—schedule your private showing today!
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| Apr 21, 1998 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017