651 Caribbean Way
About This Property
Situated on a spacious lot surrounded by mature trees, this home offers incredible curb appeal with fresh exterior paint, updated front landscaping (2025), and a metal roof for long-lasting durability. The extended driveway and 2-car garage with built-ins and a workbench provide plenty of room for parking, storage, and projects.
Step into a freshly painted interior featuring updated LVP flooring, carpeted bedrooms, and abundant natural light from large windows outfitted with new window treatments. SEE MORE... The entryway welcomes you with custom mudroom built-ins and barn door accents, adding charm and practicality.
Enjoy a cozy yet open layout highlighted by a wrap-around fireplace that beautifully separates the living and dining areas. The fully updated kitchen is a chef's dream, complete with quartz countertops, updated cabinetry, and a classic subway tile backsplash.
Retreat to the spacious master suite featuring a walk-in closet and a beautifully updated bathroom. Additional bedrooms are generously sized, and the home offers plenty of extra storage throughout.
Relax or entertain on the large, freshly painted covered back deck, overlooking a shaded backyard that provides privacy and space to enjoy the outdoors year-round.
This home offers the perfect blend of modern updates, classic style, and community perkswithout the restrictions of an HOA. Don't miss this opportunity to own a piece of Bluewater Bay living at its best!
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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 |
|---|---|---|---|
| Sep 5, 2025 | Sold | ||
| Sold | |||
| Aug 2, 2025 | In contract | - | |
| In contract | |||
| Jul 30, 2025 | Price Decreased |
$430,000
↓ $14K
(3.2%) | |
| Price Decreased | |||
| Jul 21, 2025 | Price Decreased |
$444,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jul 3, 2025 | Listed by Real Broker LLC | $449,000 | |
| Listed by Real Broker LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017