724 Back Nine DRIVE
About This Property
FANTASTIC LOCATION! LAKE AND GOLF COURSE VIEWS, CLOSE TO CLUBHOUSE. Biggest floor plan in The Arbors section of Pelican Pointe 3BD/2.5BA/DEN. Watch the sunset every night sitting on your lanai or floating in your own Private Pool. Every room in this house is beyond spacious. High ceilings. Living room with built in alcove for entertainment equipment. Separate dining room. Office/Den with tons of built in cabinets and desk space. Kitchen offers Corian counters, lots of cabinet and counter space, custom back splash with breakfast nook overlooking the AMAZING VIEWS. Large master bedroom with en suite bath. Master bath offers dual sinks, walk in shower, soaker tub, and walk in closet. Guest bedrooms at other end of house for privacy. Powder room for your company. Laundry room with wash sink. FRESHLY PAINTED INTERIOR. AC 2020. Pelican Pointe is Venice's Premier community offering resort style amenities including Clubhouse with bar/grill, card room/library, and banquet facilities. Heated pool with lap lanes for swimming, fitness center, tennis courts and pickle ball, tons of sidewalks for enjoying the weather throughout the community, and 27 holes of golf with Pro Shop. Golf is NOT mandatory. All of this Centrally located minutes to Venice Beach, Venice Downtown, shopping, theatres, restaurants, highways, airports, and so much more. Venice is the quaint gem you have been looking for. See this home and find YOUR Florida Lifestyle today.
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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 |
|---|---|---|---|
| Aug 22, 2024 | Sold | ||
| Sold | |||
| Jul 18, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Price Decreased |
$525,000
↓ $50K
(8.7%) | |
| Price Decreased | |||
| May 15, 2024 | Price Decreased |
$575,000
↓ $24K
(4%) | |
| Price Decreased | |||
| Mar 24, 2024 | Price Decreased |
$599,000
↓ $26K
(4.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017