655 Emerald Bay Drive
About This Property
A creamy Greek villa stucco exterior, an eight-foot wood front door, and tiled porches make a perfect place to enjoy your morning coffee. As you step into the home, you are met with picturesque fairway views. The main living space features a triple sliding glass door that leads to a porch overlooking the fairway ideal for indoor-outdoor living and entertaining.
Spend evenings in front of the beautiful fireplace, surrounded by seaglass and shiplap detailing. The formal dining room showcases custom millwork throughout, offering an inviting space for hosting family dinners. The spa-like master bathroom boasts a shimmering blue herringbone accent tile, along with dual vanities.
With its functional single-story layout, modern fixtures/ finishes, and desirable golf course setting, this home offers a well-balanced blend of style, comfort, and location within Emerald Bay.
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| May 12, 2026 | In contract | - | |
| In contract | |||
| Apr 28, 2026 | Price Decreased |
$959,900
↓ $30K
(3%) | |
| Price Decreased | |||
| Mar 10, 2026 | Price Decreased |
$989,800
↓ $100
(0%) | |
| Price Decreased | |||
| Feb 3, 2026 | Listed by Coldwell Banker Realty | $989,900 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017