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620 Papaya Circle
About This Property
Golf course w/19th Hole Club, Poolside bar & lounge, Clubhouse,Three heated pools, Private ocean beach access. Fishing pier on the Indian River Lagoon with community dock access and the Atlantic Ocean. A one-time membership fee of $1,551.50 to BBRD. More pictures to follow. Owner needs short term Post occupancy.
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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 13, 2026 | Listed by Vero Realty Advisors LLC | $135,000 | |
| Listed by Vero Realty Advisors LLC | |||
| Dec 27, 2023 | Sold | ||
| Sold | |||
| Nov 16, 2023 | Listed by Vero Realty Advisors LLC | $159,000 | |
| Listed by Vero Realty Advisors LLC | |||
| Aug 23, 2023 | Sold | ||
| Sold | |||
| Jul 5, 2023 | Listed by Waterman Real Estate, Inc. | $149,900 | |
| Listed by Waterman Real Estate, Inc. | |||
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TURN KEY, beautifully and professionally renovated, upgraded and elevated 2-bedroom home ready and available for new owners. Brand new kitchen cabinets with quartz countertops sets the tone in this stunning remodel. Freshly painted walls and vaulted ceilings pop off the gorgeous flooring. Spacious floorplan with a 17'x11' screen room adds additional living and relaxing space. Utility room for extra storage. Enjoy the beautiful community pool on those hot Florida days. Make appointment today before its gone!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017