648 Midway DRIVE #B
About This Property
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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 |
|---|---|---|---|
| May 29, 2026 | Listed by SUNBURST PROPERTIES | $109,500 | |
| Listed by SUNBURST PROPERTIES | |||
| |||
|
Completely remodeled and move-in ready, this beautifully updated upstairs condominium located in Twin Lakes Village East within Silver Springs Shores offers comfortable 55+ Florida living with scenic golf course and lake views. Offering just under 1,000 square feet of living space, this one-bedroom, one-bath condo was extensively updated in late 2023 and early 2024 and is being sold completely furnished, making it ideal for full-time living, seasonal use, or a turnkey second home.
Interior updates include fresh interior paint, new luxury vinyl plank flooring in the wet areas, new carpet, updated stainless steel appliances, HVAC system, and water heater. The bright and inviting floor plan provides spacious living and dining areas along with an enclosed lanai perfect for relaxing while enjoying views of the Silver Springs Shores Golf and Country Club, Lake Jade, and the Florida Greenway in the distance. Watch golfers pass by while enjoying peaceful lake and nature views from the comfort of your own home.
Twin Lakes Village East residents enjoy community amenities including a pool, exterior building maintenance, common area maintenance, insurance and garbage pickup through the HOA. Golf enthusiasts will appreciate nearby daily play and membership opportunities at the Silver Springs Shores Golf and Country Club. Residents of Silver Springs Shores also have access to the Silver Springs Shores Community Center for only $5 per person annually, featuring three pools including one heated pool, a fitness center, and a wide variety of community activities.
Conveniently located near shopping, dining, medical facilities, and outdoor recreation, this updated condo offers affordable maintenance-free living in a desirable Ocala location. Schedule your private showing today.
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| Mar 16, 2023 | Sold | ||
| Sold | |||
| Feb 11, 2023 | Listed by REMAX/PREMIER REALTY | $79,900 | |
| Listed by REMAX/PREMIER REALTY | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/29/2023
|
1 Bed
|
1 Bath
|
822 ft²
|
$109,900
1 Bed
1 Bath
822 ft²
|
$105,000
-4.46%
03/05/2024
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
02/11/2023
|
1 Bed
|
1 Bath
|
822 ft²
|
$79,900
1 Bed
1 Bath
822 ft²
|
$73,500
-8.01%
03/16/2023
|
Marie Evans
RE/MAX PREMIER REALTY
| |
|
01/07/2021
|
1 Bed
|
1 Bath
|
822 ft²
|
$64,500
1 Bed
1 Bath
822 ft²
|
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017