50
Map
741 Fairway Drive
About This Property
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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 |
|---|---|---|---|
| Mar 14, 2025 | Sold | ||
| Sold | |||
| Feb 18, 2025 | In contract | - | |
| In contract | |||
| Jan 6, 2025 | Listed by Momentum Luxury Real Estate, L | $1,498,500 | |
| Listed by Momentum Luxury Real Estate, L | |||
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Unmatched Value in Normandy Shores! This fully remodeled Miami Beach home combines luxury and functionality in the prestigious guard-gated Normandy Shores. Enjoy golf course views from the oversized primary bedroom in this turnkey, move-in-ready home. Features include a designer kitchen with imported Calacatta quartz, brass-accented bathrooms, custom walk-in closets, AC w/ UV filtration, Perigold lighting, hurricane-impact windows/doors, & convenient EV charger. The expansive backyard boasts a 2023 Wellis Olympus Luxury Hot Tub & is perfect for alfresco dining & entertaining. Live the Country Club lifestyle without HOA restrictions or fees! A 2-page Upgrades List, Inspections & Appraisal (over list price) available upon request. 1-Year Home Warranty Included!
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| Oct 5, 2012 | Sold | ||
| Sold | |||
| Dec 27, 1993 | Sold | ||
| Sold | |||
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About Normandy Shores
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$5,500 /mo
- 1 Bed
- 1 Bath
- 820 ft²
$7,000 /mo
- 3 Beds
- 2 Baths
- 1,700 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017