696 Phillips Drive
About This Property
Enjoy your morning coffee or evening cocktail in the screened-in Florida room, surrounded by the sights & sounds of nature. From the front & back porches, you'll love the peaceful wooded views & frequent visits from local wildlife, a true bird-watcher's paradise.
Love the water? Launch your kayak or take out your boat from your private dock & explore the scenic river channel w/direct access to the bay. There's also a large, detached workshop for hobbies, extra storage, or potential guest accommodations already set up with electricity. Located on a quiet dead-end street w/ample parking, this home is perfect as a full-time residence, weekend escape, or vacation rental. Move-in ready & priced under $500K, this is your rare chance to enjoy Florida waterfront living without compromise.
Schedule your private tour today, this one won't last!
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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 20, 2026 | Sold | ||
| Sold | |||
| Jan 23, 2026 | In contract | - | |
| In contract | |||
| Dec 12, 2025 | Price Decreased |
$460,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Oct 11, 2025 | Price Decreased |
$470,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
| Jul 16, 2025 | Listed by Dream Team Realty of NW Florida LLC | $475,000 | |
| Listed by Dream Team Realty of NW Florida LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017