703 Islebay DRIVE
About This Property
The kitchen is a dream for any chef with its custom cherry cabinetry, large granite island, and top-of-the-line Wolf appliances Wolf including an ice maker at the butlers pantry. Bring your wine collection and store in the 350 bottle temperature-controlled wine room.
The main floor master bedroom with its luxurious adjoining bath and spacious walk-in closets sounds like the perfect retreat. And the movie/game room with its impressive 110" wall-mounted screen and custom wet bar is a fantastic space for entertainment.
Outside, the heated saltwater pool and spa, and brick paver decks/walkways create a resort-like oasis. And the premium oversized lot, surrounded by lush tropical landscaping.
Overall, this home has the perfect combination of luxury, comfort, and outdoor living, making it an exceptional waterfront retreat.
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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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 5, 2024 | In contract | - | |
| In contract | |||
| May 30, 2024 | Price Decreased |
$1,799,900
↓ $50K
(2.7%) | |
| Price Decreased | |||
| Apr 14, 2024 | Listed by KELLER WILLIAMS SOUTH SHORE | $1,850,000 | |
| Listed by KELLER WILLIAMS SOUTH SHORE | |||
| Nov 30, 2016 | Sold | ||
| Sold | |||
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About Apollo Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017