80 Somersault Lane
About This Property
Spanning approximately 1,400 acres, WaterSound Origins is a master-planned community where short-term rentals are prohibited, offering an exceptional lifestyle centered around the Village Commons resort-style pool and fitness center, the Origins Golf Course, tennis and pickleball courts, scenic walking and biking trails, and dock access to Lake Powell. Residents also enjoy convenient access to WaterSound Town Center with Publix, dining, and retail. The sugar-white Gulf beaches and the coastal communities of Rosemary Beach, Alys Beach, and Seaside along Scenic 30A are just two miles to the south, completing the appeal of this exceptional property.
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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 |
|---|---|---|---|
| Aug 6, 2026 | Sold | ||
| Sold | |||
| Jul 24, 2026 | In contract | - | |
| In contract | |||
| Jul 1, 2026 | Price Decreased |
$839,000
↓ $6K
(0.7%) | |
| Price Decreased | |||
| Jun 15, 2026 | Price Decreased |
$845,000
↓ $24K
(2.8%) | |
| Price Decreased | |||
| Jun 9, 2026 | Price Decreased |
$869,000
↓ $26K
(2.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017