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698 Monterey Drive
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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 |
|---|---|---|---|
| Dec 17, 2025 | Sold | ||
| Sold | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 6, 2025 | Listed by EXP Realty, LLC | $865,000 | |
| Listed by EXP Realty, LLC | |||
| | |||
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Welcome to Florida living at its finest! This stunning luxury home features 5 bedrooms, 3 full bathrooms, and 3,805 sq ft of beautifully designed living space. Enjoy multiple living areas, wine & cocktail bar, formal dining, & THEATRE ROOM with raised seating & a new $20K projection and sound system. IMPACT WINDOWS AND DOORS with plantation shutters, LVP, and tile flooring. The inviting family room with a gas FIREPLACE featuring stamped coral tile opens to a chef's kitchen with granite countertops and NEW stainless appliances. The spacious primary suite offers a private sitting room and his-and-hers WALK IN CLOSETS Additional upgrades include (2025) WHOLE HOME WATER FILTRATION SYSTEM, (2022) HVAC, & a tankless water heater. Step outside to your oversized covered patio w/ retractable awnings, roll-down shades, and a sparkling SALTWATER POOL with NEW (2025) pump, heater, & salt cell. Enjoy resort-style amenities—pool, clubhouse, gym—and top-rated schools just minutes from the beach!
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| Jul 30, 2019 | Sold | ||
| Sold | |||
| May 31, 2019 | Listed by Realty World Curri Properties | $549,000 | |
| Listed by Realty World Curri Properties | |||
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About Montecito
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017