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657 Sheridan Woods Drive
About This Property
The heart of the home opens seamlessly to the outdoors, where disappearing sliders in the great room extend your living space onto a spacious covered lanai. Electric roll-down hurricane screens allow you to enjoy the porch year-round, creating the perfect indoor-outdoor retreat. The screened pool and expansive deck provide an ideal setting for gatherings, quiet mornings, or evenings under the Florida sky Major updates offer peace of mind, including a new roof in 2023 and a brand-new A/C in 2026. Built with care and meticulously maintained by its original owner, this home is a true standout in a tightly held community where opportunities are rare.
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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 |
|---|---|---|---|
| May 15, 2026 | Sold | ||
| Sold | |||
| Apr 30, 2026 | In contract | - | |
| In contract | |||
| Apr 19, 2026 | Relisted | $449,982 | |
| Relisted | |||
| Apr 13, 2026 | In contract | - | |
| In contract | |||
| Mar 21, 2026 | Listed by Engel & Voelkers Melb Downtown | $449,982 | |
| Listed by Engel & Voelkers Melb Downtown | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017