705 ARMADA ROAD N
About This Property
Shaded by beautiful live oaks on a highly sought-after street, this home exudes relaxation and an Old Florida charm. The current owners made thoughtful re-designs and upgrades in most areas, creating a very pleasant and serene living space.
Some notable improvements or comments include:
Flood Insurance NOT required!; Renovated/redesigned kitchen with stainless steel appliances: built-in wall oven with Wi-Fi; microwave, convection cooktop, built-in pantry, coffee bar, loads of storage, custom granite and quartz countertops; New saltwater pool/spa, private screen enclosure, and small patio porch with Florida cypress beadboard; upgraded metal roof; Mitsubishi mini-split HVAC units throughout, allowing for zoning in each room!; Renovated laundry room with built-in cypress folding table; Renovated open-living space with built-in shelving; Renovated large family room with coral stone wood-burning fireplace; Renovated office nook with built-in cabinetry; Italian porcelain tile throughout ENTIRE home; Renovated expansive master bedroom with ensuite bath/walk-in closet; Renovated 2 guest bedrooms and shared renovated bathroom; Sewer re-lining; All-new water lines.
Following a three-year renovation effort, this one-level gem has transformed from a "before" to an amazing "after". Too many upgrades and renovations to fully mention. This home is a must see!
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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 |
|---|---|---|---|
| Sep 26, 2025 | Sold | ||
| Sold | |||
| Aug 25, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Price Decreased |
$1,310,000
↓ $45K
(3.3%) | |
| Price Decreased | |||
| May 20, 2025 | Price Decreased |
$1,355,000
↓ $20K
(1.5%) | |
| Price Decreased | |||
| May 8, 2025 | Price Increased |
$1,375,000
↑ $5K
(0.4%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017