717 Cavern Terrace
About This Property
A welcoming covered front porch and professionally landscaped exterior create an inviting first impression. Inside, 9'4'' flat ceilings and 20x20 graphite porcelain tile flooring extend throughout the main living areas, enhancing the bright, open layout. Just off the foyer, the private den with double French glass doors provides a versatile space for a home office, library, or hobby room.
The expansive Great Room serves as the heart of the home, flowing seamlessly into the dining area and chef-inspired kitchen. Ornamental White granite countertops, Pearl shaker cabinets, a spacious center island, stainless steel kitchen appliances, and abundant workspace create a beautiful and functional setting for everyday living and entertaining. Sliding glass doors extend the living space to the patio, creating an ideal indoor and outdoor connection.
The split-bedroom design enhances privacy, with the secondary bedrooms positioned separately from the primary suite. Soft stone-colored carpet adds warmth to each bedroom. The spacious primary suite is enhanced by a tray ceiling, elegant crown molding, and a generous walk-in closet. The luxurious primary bath features dual vanities with Ornamental White granite countertops, a walk-in shower with a 13x13 porcelain tile wall surround, upgraded door hardware, and a convenient linen closet. On the opposite side of the home, two spacious secondary bedrooms provide comfort and privacy while sharing a well-appointed bath with a tiled tub and shower combination.
Additional highlights include a spacious 3-car garage, hurricane shutters, Zip System sheathing, and smart home features including a Ring Video Doorbell, Smart Thermostat, Keyless Entry Smart Door Lock, and Deako Smart Switches for added comfort, convenience, and peace of mind.
Sebastian Highlands is surrounded by beautiful natural scenery, waterfront recreation, golf, parks, shopping, dining, and the Treasure Coast's renowned beaches, while select scattered homesites provide the added benefit of no HOA. Complete with a full builder warranty, this exceptional new home is ready to become your own. Experience the craftsmanship, modern finishes, and thoughtful design of this exceptional new construction home. Schedule your private tour today. We can't wait to welcome you home!
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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 |
|---|---|---|---|
| Jul 28, 2026 | In contract | - | |
| In contract | |||
| Jul 22, 2026 | Listed by New Home Star Florida LLC | $414,900 | |
| Listed by New Home Star Florida LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017