78825 Martinique Drive
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Apr 7, 2025 | Sold | ||
| Sold | |||
| Dec 30, 2024 | Listed by Marcanne Green Real Estate | $1,075,000 | |
| Listed by Marcanne Green Real Estate | |||
| Mar 9, 2022 | No longer available | - | |
| No longer available | |||
| Feb 15, 2022 | In contract | - | |
| In contract | |||
| Feb 12, 2022 | Listed by Keller Williams Realty | $849,000 | |
| Listed by Keller Williams Realty | |||
| | |||
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A one of a kind, 3,315 SF (EST.) single level, custom built home that features a 13,939 SF lot, four bedrooms, four baths, a huge swimming pool and raised spa; all overlooking the golf course! The home is situated on two corner lots. The sweeping circular driveway begins at Martinique Dr. and stretches in a half circle to St. Thomas Dr. It provides access to the three car garage and has a covered vehicle portico in front of the double door formal grand entrance to the home. The magnificent great room has beautiful modern tile flooring, soaring cathedral ceilings, a stool height wet bar, a large fireplace, and double French doors that lead to the covered patio and swimming pool area. Everything is perfect for spacious, day-to-day desert family living and guest entertaining. The chef's kitchen has granite countertops galore, stainless steel appliances framed by rich dark cabinets, and a stool height bar overlooking the formal dining room. The master suite has double door access to the patio, double vanities, a nearly round jetted tub, a separate glass enclosed shower, and of course separate His and Her organized walk-in closets. One guest bedroom has a private bath and the other two bedrooms share a Jack & Jill bath. A unique, stylish home that will sell fast. You must act quickly! 30 Day Minimum for Rentals. The manager has listed the unit size as 3315 square feet.
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About Bermuda Golf Club Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017