706 JACARANDA ROAD
About This Property
One of the standout features of this lovely home is its expansive deck, which offers a fantastic view overlooking the water. It also includes a private boat dock with boat lift, making it perfect for anyone who enjoys spending time out on the water. You'll appreciate the sense of privacy provided by the tropical landscaping, and the serene water views where manatees are often spotted. The home itself features two bedrooms and two bathrooms both with walk in closets and ensuite bathrooms, an open floor plan with updated kitchen and bathrooms, a screened lanai, and a single-car garage. Upgrades include impact windows and sliders installed in 2022. You'll also find the Florida-friendly landscape and turf make for easy maintenance, which is a wonderful benefit.
This home has been lovingly enjoyed by the property owner and is not currently a vacation rental. However, it does allow the flexibility for short-term rentals, including weekly or less, which could be an excellent opportunity. Being offered furnished and ready for you to enjoy!
We would be absolutely delighted to arrange a private showing for you to experience this charming home firsthand.
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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 |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2025 | In contract | - | |
| In contract | |||
| Sep 29, 2025 | Price Decreased |
$1,425,000
↓ $55K
(3.7%) | |
| Price Decreased | |||
| Aug 22, 2025 | Price Decreased |
$1,480,000
↓ $20K
(1.3%) | |
| Price Decreased | |||
| Jul 19, 2025 | Listed by FRAN MAXON REAL ESTATE | $1,500,000 | |
| Listed by FRAN MAXON REAL ESTATE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017