629 Coral Circle
About This Property
My favorite feature besides Jimmy Buffet's "margeritaville" tunes coming to mind every time I walk outside, are the efficient & charming many built in wall cabinets and dressers offering tons of storage for your belongings. A fenced dog keeps the waterfront property clean. Rest at ease knowing you have a recent clean 4 pt inspection to use to secure a homeowners insurance policy and a new HVAC (2022) and 4 upscale full bathrooms with designer tile and granite counters (2022) Stainless steel / black anti-smudge appliances(2020) You will be happy at home in the famous Florida sunshine where you can fish, kayak, SUP, boat, use fire pit, entertain guests all year round. 629 Coral Circle offers incredible investment income for short or long term rentals using 1 or 2 home spaces plus the RV carport or build additional home. The home has .45 acres on 2 buildable platted lots zoned as individual legal lots of record. A recent closed sale at 2097 Reef Drive closed 8/22 at $300 sq ft showing home is priced below market value at $273.89 sq ft. Best schools in the county & close to beaches & downtown make this one a home run!Write Offers on AS IS contracts. Fully furnished w/$500 home warranty credit. See documents 4 pt inspection & Recent COMP at 2097 Reef Drive closed 8/22 at $300 sq ft we are WELL UNDER at $228 sq ft.NOTE: there is one full kitchen bc not it is not zoned for multi-family. The wet bar sink is prepared to use, just needs water hooked up. 2 lamps in Master and 2 televisions do not convey. This home is offered in AS IS condition.
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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 |
|---|---|---|---|
| Feb 7, 2023 | Sold | ||
| Sold | |||
| Nov 18, 2022 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $499,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
| Aug 4, 2021 | Sold | ||
| Sold | |||
| Jul 29, 2021 | No longer available | - | |
| No longer available | |||
| Jun 22, 2021 | Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | $185,000 | |
| Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017